Retail sales growth in the Eurozone contracted in February after rising in January and dropping in December. Over three months, retail sales are contracting but they are contracting at a slower rate than they had been over six months. [...]
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| Apr 22 2013Retail Sales Remain Weak in Zone; G-20 Remains Weak in the Knees
- Global| Apr 19 2013
Italian Orders Erode Along With Governmental Prospects
Industrial orders in Italy fell by 2.5% in February adding to a string of declines that extends back over four months. The declines over the recent two months are steeper than the declines over the previous two months. Foreign orders [...]
- Global| Apr 18 2013
EMU Inflation Stabilizes at 2.4% - but the Devil is in the Details
Unemployment remains high in the European Monetary Union. As of February the rate is 12% the same as in January both figures are up from December's 11.8%. In the EU unemployment rates have snaked up to 10.9% from 10.8% in January and [...]
- Global| Apr 17 2013
Europe's Car Registrations Show Faint Pulse
European car registrations continue to be very weak. Short term trends show some lift. But year-over-year trends are lower by 10.3%. The smoothed, 3-month average trend shows a drop of nearly 12% over 12-months and shows less [...]
- Global| Apr 15 2013
EMU Surplus Improves on Weak Imports
In the European monetary union for the month of February the merchandise trade balance improved sharply. Exports in the month edged higher rising by 0.1%. The driving factor for the trade improvement was the decline in imports. [...]
- Global| Apr 11 2013
EMU Inflation is Headed Lower
With most of the European monetary union's first 12 members having reported we can assess inflation in the zone. Of the 10 reporting countries in the table only three have inflation at or above the ECB's ceiling rate of 2%. That would [...]
- Global| Apr 10 2013
OECD LEIs swing higher- will it continue?
The OECD's leading economic indicators show ongoing improvement among the major industrial economies. United States, Japan, and China, in particular, show significant upward movements in February from their January readings. Those [...]
- Global| Apr 09 2013
German Trade Surplus Widens
Germany's trade surplus continues to widen as growth in the European Community continues to struggle. In February both German exports and imports fell. German exports declined by 1.5% while imports fell by 3.8%. Trends for both [...]
- Global| Apr 08 2013
German Industrial Production
German industrial output rose by 0.5% in February after dropping by 0.6% in January. Even so, over three-months, IP is up at just a 0.4% annual rate. With two months of data in for the first quarter, IP is still shrinking at a 1.6% [...]
- Global| Apr 04 2013
EMU Services Sink
The US services index dialed down in April. In Europe services are lower on a broad front. US jobless claims are moving up and there is a hue and cry to blame it on Easter and bad seasonal factors. Maybe there is some of that in the [...]
- Global| Apr 03 2013
EMU Inflation Heads Lower...Following Growth
There is no arguing with the fact that EMU inflation is turning lower. One year ago EMU's Year-over-year inflation rate was 2.6% - high by the standards of the ECB but hardly bristling. In March of 2013, one year later, the pace is [...]
- Global| Apr 02 2013
MFG PMIs Set Back a Stunned Europe
Finalized manufacturing PMIs for the European monetary union fell in March by 1.18 points. Of the nine countries that provide independent topical readings for the manufacturing sectors, eight of nine show declines in March compared to [...]
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