Euro-Area trade flows have lost some momentum, but the Zone-wide deficit continues to get larger. Import growth exceeds export growth over 12-months and 6-months but has given ground over 3-months. Still it’s not enough time to tell [...]
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| Jun 17 2011Euro-Area Trade Goes With The Flow But Still Slows
- Global| Jun 16 2011
Zone Inflation Sort of Stops Rising
While headline Zone inflation hits 0% in May and the core edged up by just 0.1% the trends continue to point higher. What is really going on with inflation will play out over the coming months. Since commodity prices have broken their [...]
- Global| Jun 15 2011
Euro-Area IP Barely Edges Ahead
The chart of the three main EMU sectors tells the basic story of the Zone. Capital goods output is relatively steady at growth rates between 6% and 10%. Intermediate goods output has slowed but has done so erratically. Meanwhile, [...]
- Global| Jun 14 2011
French Trade Picture Erodes
The French trade picture is showing steady slippage. The trade deficit is eroding steadily. Exports have slowed sharply from their year ago growth rate of 17.7% to 7.2%; the sequential growth rates for exports are somewhat mixed but [...]
- Global| Jun 10 2011
Euro Area Progress Takes a Different Metric
The table in this commentary contains data for some of the early inflation reporters in the Euro Area, as does the graph. The graph is showing that the rising inflation trend is abating across all of the troubled borrowers in the [...]
- Global| Jun 08 2011
German Trade Takes a Hit But Also Scores Some Progress
Smaller German trade surplus - German trade flows withered in nominal terms as the trade surplus fell to 11.98bln in April form 15.12bln in March. Still what happens with nominal flows can be deceiving. Understanding the under [...]
- Global| Jun 06 2011
EMU PPI Pressures Still Strong, but, but, but...
The ex-construction PPI index rose as much in April as it did in March. The three-months growth rate of the PPI edged slightly below that of the six month pace but both were elevated relative to the 12-month pace which at 6.7% is [...]
- Global| Jun 03 2011
Euro-Area Services Sector Slips
There is slippage this month in the European services sector. At this writing the US report on 'services' is still unreleased but the previous US report for April on NonMFG activity in the US took a huge drop one month ahead of the [...]
- Global| Jun 02 2011
Euro-Area Auto Sales/Registrations Hit the Skids...
The most topical car registration data are for Spain and Italy in May (not in the table). Sales in Italy rebounded by 3.1% in May as sales in Spain continued weak and fell by 0.3% in May. France and Spain are seeing government [...]
- Global| Jun 01 2011
Euro-Area US and UK MFG Sectors Weaken
The chart shows the weakening trends in the level of the EMU MFG PMI and the UK PMI. The UK is falling off sharply over the past few months but the drop this month was the sharpest in Germany and in Ireland. The Greece, the UK and [...]
- Global| May 31 2011
Mobilize German Demand Instead of its Savings?
German retail sales have been through a bit of a recovery boom and bust phase and unfortunately they are now digging out of a ‘bust phase’ and not doing so with much vigor. Just last week the Bundesbank said that the German economy [...]
- Global| May 27 2011
A shaking out in the Euro-Area ?
The EU regional index rose in May but the EMU index fell The table above carries the EU at the top of the table and reports the CHANGE in the EMU index in the bottom section along with country detail. In the not so merry, merry month [...]
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