Not surprisingly German orders and IP show similar characteristics. In the orders report capital goods are strong and consumption orders are weak. For the IP it is the same relative configuration, but with even weaker trends 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| Feb 08 2011German IP Shows Split Trends
- Global| Feb 07 2011
German Orders Plunge in December
Growth in German orders fell sharply in December but there is still a strong yr/yr gain and still a strong push over three months. The December drop merely offsets part of the November surge when orders exploded by 5.2% in the month. [...]
- Global| Feb 03 2011
Retail Sales Falter in Europe
Retail sales in the Zone fell by 0.6% in December. They are lower over 12-months by 1% as well. German sales are lower Yr/Yr and UK sales are flat. Nonfood retail sales fell in December and are lower by 1.3% Yr/Yr in the Zone. The [...]
- Global| Feb 01 2011
Unemployment Remains Dead Flat
There has been little progress made on reducing unemployment. Since the recession ballooned unemployment rates in the US and in Europe those rates have largely stayed there- higher. Germany has managed to reduce its rate noticeable [...]
- Global| Jan 31 2011
German Retail Sales Fail Either To Lead Or To Follow
Kaput is what kaput does - German retail sales are off by 0.3% in nominal terms in December and by the same proportion in real terms in December. In both real and nominal terms German retail sales are getting progressively weaker from [...]
- Global| Jan 28 2011
UK Plumbs The Downside Of Austerity
The GfK measure of UK consumer confidence for January plunged by 8 points marking its largest single-month drop since 1994. Confidence now sits at the 27the percentile of its 10Yr range and is only at the 18th percentile of the 10Yr [...]
- Global| Jan 27 2011
EU Commission Index Encounters Growth Set-Back
The EU Commission overall index fell in January to 105.8 from 106.1. Among the main gauges only the industrial gauge improved in January. Consumer confidence slipped, retail confidence stumbled badly and the other sectors were [...]
- Global| Jan 25 2011
German Confidence Ekes Out Gains While Questions Swirl
German confidence continues to edge ahead. In February GfK estimates that it will rise to 5.7 from 5.5. At that level confidence stands in the top 16% of its ordered queue of values and in the 65th percentile of this high-low range. [...]
- Global| Jan 24 2011
Foreign Orders Continue To Lead Way Higher
Orders in the Euro-Area scooted ahead by 2.1% in November after rising smartly by 1.4% in October. Together the two months still do not restore the ground lost in the 4.2% drop of September. Domestic orders have dropped by about two [...]
- Global| Jan 21 2011
INSEE's Industry Survey Points Up For France
France sails briskly though troubled euro-waters - INSEE's indicator for the French Industry rose briskly in January. Still, in broad terms the growth rate in the indicator is flattening out as the chart above demonstrates. Solid [...]
- Global| Jan 20 2011
UK Industrial Orders Sink Surprisingly Fast
UK industrial orders fell off sharply in January and fell unexpectedly. The series have been expected to make a small improvement instead orders plummeted to a net reading of -16 from a net of -3 in December. Orders reside in the 61st [...]
- Global| Jan 18 2011
German Financial Experts Are Upbeat On Prospects
The German financial experts that respond to the Zew survey are a bit more upbeat this month. The expectations reading jumped quite a number of notches from a December value of 4.3 to a January reading of 15.4. Still, expectations [...]
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