The UK distributive trades sector is still floundering. The sales metric for August compared to one year ago fell to -20 from +4 in July a huge month-to-month drop. Orders from one year ago fell to -15 from -7. Sales for "the time 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| Aug 25 2011UK Distributive Trades Still Weak- So Is Whole of UK Economy
- Global| Aug 24 2011
German IFO Shows Weakness...EMU Order Show Clear Decay As Well
There is no mistaking the sector trends in the chart for the German IFO index. Sectors are losing momentum and that loss of momentum has accelerated. While there is some DENIAL economics in train I think we are best off swallowing the [...]
- Global| Aug 23 2011
Seemingly Unrelated Regressions... German Zew Index takes Plunge that Exceeds US Philly Survey Drop
Extreme fluctuations set the stage In the US the out-sized and near record monthly drop in the Philadelphia Federal Reserve Bank's MFG index gave economists, investors and other interested parties reason for slack-jawed pause. Coming [...]
- Global| Aug 19 2011
Japan Indices Show the Profile of Impact and Rebound
Japan’s indices are showing a rebound in its three main sectors: Manufacturing, Services (tertiary sector) and Construction. The rebound is being led by a strong recovery after a deep drop in manufacturing and mining. Services [...]
- Global| Aug 18 2011
Japan LEI Shows Some Life
Japan’s LEI is back to where it was before disaster(s) struck. Its growth rate is up boosted, still, by exports relative to imports and by the Japanese stock market, housing starts and overtime in manufacturing as Japan’s factories [...]
- Global| Aug 17 2011
UK Jobs Picture Deteriorates - UK? EU? EMU? All Connected
In the financial crisis, the number of UK jobless claimants ran up; the number then went into steady decline. But now, the number is back on the rise, and is rising rather sharply. The BOE MPCs (Spencer Dale and Martin Weale) who once [...]
- Global| Aug 12 2011
Euro-Area IP Takes a Hit
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 [...]
- 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 [...]
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