There is no complicated story here nor any real caveats. The Yr/Yr EMU IP aggregates by sector are slowing: intermediate goods, consumer goods, capital goods. In the just completed Q2 period (Q-2-Date, in the table) Euro-Area IP has [...]
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 12 2011Euro-Area IP Takes a Hit
- Global| Aug 11 2011
Japan Machinery Orders Expand
Japan’s total machinery orders rose by 5.6% in June after falling by 2.3% in May. Orders are up at a 28% rate over three months for the period following the onset of tis natural disasters. Orders are also up by 10.9% Yr/Yr. Core [...]
- Global| Aug 10 2011
German Inflation Is Still Rising
The German headline inflation rate has more or less paused near its recent Yr/Yr peak pace. Core inflation (ex-seasonal food and energy ) is still pushing higher. The headline HICP rose by 0.3% this month. The core reading (available [...]
- Global| Aug 05 2011
German IP Slows Across Sectors; Is It A Harbinger Of More Slowing?
German IP fell in June. While orders were up with a lot of the strength in foreign orders, output lagged in June. Over three-months German IP is falling based on dropping consumer goods output and weak capital goods output. Still over [...]
- Global| Aug 04 2011
German Orders Snap Back
German orders picked up in June. After falling sharply in May foreign orders surged in June by enough to make up for the May drop. Domestic orders remain in a funk, rising by just 4.6% over 12-months compared to a rise of 13.2% for [...]
- Global| Aug 03 2011
Euro-Area Service Sector Heads South And It’s Not Even Winter
Services, while generally viewed as nontradables, are showing a remarkably consistent drop across the largest most developed economies. That is interesting since these sectors are not linked by trade by are captives of their [...]
- Global| Aug 02 2011
Euro-Area Inflation Trends
The PPI for the Euro-Area fell by 0.3%, the second straight drop in a row. The PPI has been steadily decelerating, as energy prices has abated their rise. Both headline and core inflation rates across key Euro-Area member countries [...]
- Global| Aug 01 2011
German Retail Sales turn Volatile
EU U-rate is unchanged - The Euro-Area Unemployment Rate remained in June at 9.9% , unchanged from the May reading, according to data released by Eurostat. The Unemployment Rate was 10.2% in June 2010. According to the official [...]
- Global| Jul 29 2011
German Retail Sales turn Volatile
Retail sales (ex-autos) in Germany are gyrating, showing sharp fluctuations in the last two months. While retail sales soared in June vehicle registrations tanked. When retail sales fell in May vehicle registrations fell. There is no [...]
- Global| Jul 28 2011
Days of Rising EU Economic Sentiment are Drawing to a Close
EU sentiment is on the downslope. The rate of increase is slowing steadily on its Yr/Yr comparisons (see chart) and the monthly numbers are clustering around negative readings. The index standings are no longer high to moderate. [...]
- Global| Jul 27 2011
UK CBI Orders Take a Walk on the Wild Side
The Confederation of British industry (CBI) survey for industrial trades is showing a clear weakening profile for orders, its cycle-leading component. These trends essentially confirm what the early, or 'flash,' UK GDP reading told [...]
- Global| Jul 25 2011
Italy's Consumer Confidence on Slippery Slope
For Italian consumers the thrill is gone. That is if there ever was a thrill. Confidence did rise as the recession wound down, but then its rebound deflated very quickly as expected recovery proved to be somewhere between elusive and [...]
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