PPI inflation is decidedly higher in the EMU. While its gain in June is less than its monthly gain in May, the three-month pace is at 2.7% compared to -2.4% over six months and -3.2% over 12 months. Sector inflation is rising for [...]
Introducing
Robert Brusca
in:Our Authors
Robert A. Brusca is Chief Economist of Fact and Opinion Economics, a consulting firm he founded in Manhattan. He has been an economist on Wall Street for over 25 years. He has visited central banking and large institutional clients in over 30 countries in his career as an economist. Mr. Brusca was a Divisional Research Chief at the Federal Reserve Bank of NY (Chief of the International Financial markets Division), a Fed Watcher at Irving Trust and Chief Economist at Nikko Securities International. He is widely quoted and appears in various media. Mr. Brusca holds an MA and Ph.D. in economics from Michigan State University and a BA in Economics from the University of Michigan. His research pursues his strong interests in non aligned policy economics as well as international economics. FAO Economics’ research targets investors to assist them in making better investment decisions in stocks, bonds and in a variety of international assets. The company does not manage money and has no conflicts in giving economic advice.
Publications by Robert Brusca
Global| Aug 02 2016Euro Area: The Worm Turns on PPI Inflation With a Big `But'...Oil
- Global| Aug 01 2016
Key Global MFG PMIs Mostly Weaken
Global manufacturing gauges stuck close to the 50 breakeven mark or fell below it in July. Seven reporters in this group of 15 have values below 50. The highest MFG PMI value is from Germany at 53.8 and for the period from February of [...]
- Global| Jul 29 2016
Euro Area Unemployment Rates Steady. Down-trend Remains in Place
The EU and EMU rates of unemployment were steady in June. Among the earliest EMU members unemployment fell in June in only two of 11 counties, Spain and The Netherlands. The rate also fell in Greece for April which is the most topical [...]
- Global| Jul 29 2016
Euro Area Unemployment Rates Steady. Down-trend Remains in Place
The EU and EMU rates of unemployment were steady in June. Among the earliest EMU members unemployment fell in June in only two of 11 counties, Spain and The Netherlands. The rate also fell in Greece for April which is the most topical [...]
- Global| Jul 28 2016
Euro Area Sentiment Wanes as EMU Firms
The EU region saw its sentiment gauge drop to 104.8 in July from 105.7 in June in the wake of the U.K. Brexit vote. A good deal of this weakness is from the U.K. itself, still an EU member, whose own index fell by 4.1% month-to-month. [...]
- Global| Jul 27 2016
Euro Area Money and Credit Growth Are Still Broadly Stalled; But These Are Not the Paths to a Solution
While the monthly money and credit numbers show some small upticks, the broader three-month growth rates for EMU money and credit continue to disappoint and to show deceleration. There is nothing good going on for the ECB to point to. [...]
- Global| Jul 26 2016
Japan's PPI Stays Low
There is no rest for the weary. Japan may be tired of weak prices, but the weakness is not letting up. In June the overall PPI was flat month-to-month, keeping the PPI lower over 12 months by 4.3% and falling at a -3.9% annualized [...]
- Global| Jul 25 2016
UK CBI Survey for Q3 Deteriorates
U.K. optimism fell sharply in the Q3 CBI industrial trends survey by the Confederation of British Industry. The better-minus-worse (or up-minus-down) index of expectations fell to -47, a figure that has been this low or lower only 5% [...]
- Global| Jul 14 2016
Euro Area Progress and Peril
EMU area and country level inflation continues to coalesce around the zero mark as it has since late 2014. There are hints of inflation divergence cropping us as the chart shows Italian inflation moving even lower while German [...]
- Global| Jul 13 2016
Euro Area IP Drops Like a Rock in May
Euro area industrial output fell by 1.3% in May, giving back most of the gains from April's previously impressive 1.4% rise. However, April was preceded by a 0.8% drop so that on balance EMU area IP is lower at a 2.8% annual rate over [...]
- Global| Jul 12 2016
German Inflation Edges Up As Euro Area Picture Gets Murky
Rising inflation in Germany with still-weak conditions in the rest of the euro area is a prescription for more intense euro area conflict. And that may be what is now in train. Germany in June posted its second monthly HICP hike in a [...]
- Global| Jul 11 2016
Bank of France Business Indicator Is Flat
The Bank of France business indicator is flat in June, hovering just outside the lower one-third ranking in its historic queue of data. Expected production is back up in June after posting a negative survey value in May and sits in [...]
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