EMU imports and exports fell across nearly every category in March. The trade account was in surplus for the fifth month in a row and the sixth in the last seven. Exports fell by 0.9% m/m as imports contracted by 1.1% m/m. Both of [...]
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| May 16 2012EMU Trade Flows Wither As Surplus Rises
- Global| May 15 2012
EMU GDP Weakens For Many But Overall Holds At Zero
Walking a very fragile and thin line, EMU posted no decline in GDP year-over-year or quarter-to quarter by eking out zeros in each measure. Among the key early reporting members Cyprus, Italy, The Netherlands, Portugal and Spain [...]
- Global| May 14 2012
Euro-Area IP is Up in March and Still Off Year/Year
Euro-area industrial production (IP) rose by 0.9% m/m in March. It is still lower by 1.3% y/y but is sequentially cutting its losses and is up over three months at a 1.6% annual rate. The output of consumer durable goods and [...]
- Global| May 11 2012
German Inflation Overshoot Continues But Diminishes Euro-Area Differences Continue And Barely Diminish
The German HICP rose by 0.2% in April compared to March. It is up at a 2.2% pace Yr/Yr and that is less than the 2.3% pace of last month. At 2.2% the rate of change is closing in on the Bundesbank's desired ceiling rate of 2% and of [...]
- Global| May 10 2012
LEIs: US and China Still Moving Ahead
The OECD ratio LEI indices for March show that the US Japan Spain and China have readings that are above their trends (ratio to trend index exceeds unity). For EMU the ratio is below unity but it is the same as it was in February at [...]
- Global| May 09 2012
German Trade Balance Steadies on Solid Exports
The German trade deficit is stabilizing in the 13bln to €14bln range. Nominal export and import growth rates are accelerating sharply; led by import growth. And real export orders are continuing to grow. However Yr/Yr trends on [...]
- Global| May 08 2012
German IP Decline Slaps On The Brakes...
German IP jumped by 2.8% month-to-month in March rebounding from a small decline of 0.3% in February. As result of this strength IP is now up at a 15.8% annual rate over three months and is up by 0.2% in the first quarter over Q4. In [...]
- Global| May 07 2012
German Orders Rebound and show Mixed Patterns
German orders are making an attempt at stability. Orders are up for the second month in a row for the first time since June of 2011. The one-month gain in March is a solid 2.2% rise. Foreign orders are driving the monthly result with [...]
- Global| May 07 2012
German Orders Rebound and show Mixed Patterns
German orders are making an attempt at stability. Orders are up for the second month in a row for the first time since June of 2011. The one-month gain in March is a solid 2.2% rise. Foreign orders are driving the monthly result with [...]
- Global| May 04 2012
EMU Retail Sales Move Higher
Euro-Area Retail sales are up by 0.3% in March and are accelerating over three months compared to six months. Motor vehicle registrations rebounded in March after a plunge February that followed a disaster in January. Their growth [...]
- Global| May 02 2012
EMU Weaker on PMI Scale
The EMU regions continue to give back ground as the April indices have settled into their final values with declines across the board in April with the minor exception of France. The EMU index may not seem to be so low as it is only [...]
- Global| Apr 27 2012
Confidence Loses Its Grip
German confidence is edging down, now for the second month in a row. Economic confidence is still on the rise but Income and buying confidence are on the retreat. Overall confidence is higher than the May value only 25% of the time. [...]
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