In a shocker of a report EMU IP ratcheted up much more than expected in January and the December reading got a boost due to revision as well. As a result industrial output now is growing 1.5% Yr/Yr in all of EMU. It is the first Yr/Yr [...]
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| Mar 12 2010EMU IP Sees Light Of Day- Posts Yr/Yr Growth
- Global| Mar 11 2010
Japan’s GDP Still Up Sharply But Less Than Before Revision
The back off in Japan’s core machinery orders this week began to deflate expectations for a capital formation jolt to spur growth. Still, gross capital formation did fall much more slowly in Q4 compared to Q3 as plant and equipment [...]
- Global| Mar 10 2010
UK Industrial Production Losses Momentum – So What?
UK IP Sinks - Industrial output in the UK was set back in January unexpectedly. Consumer durables and intermediate goods output fell sharply in January a month with some considerable weather disruptions. January is sharp departure [...]
- Global| Mar 09 2010
French Deficit Shrinks
French exports and imports show a classic impact on those two flows as the domestic and global recessions hit. Now that recovery is in gear, the trade flows reflect that as well. Exports and imports plunged at the onset of the [...]
- Global| Mar 08 2010
German IP Advances
The sharp German recovery in the Yr/Yr growth of industrial production is being led by an upsurge in intermediate goods output. Capital goods output is rising briskly as well. Consumer goods continue to make snail’s pace progress. [...]
- Global| Mar 05 2010
Has Germany Found The Missing Link?
After dropping in December and raising eyebrows German orders have raised their game in January jumping by 4.3% month-to-month. Total orders are now accelerating steadily from twelve-months to six-months and from six-months to three- [...]
- Global| Mar 04 2010
EMU GDP Stays Put – No Revision
EMU GDP rose by 0.5% Saar in 2009-Q4. Private consumption in the Zone fell at a -0.1% annual rate. Meanwhile exports and imports surged at growth rates of 6% and 7%, respectively. Public consumption also fell in Q4 at a -0.5% annual [...]
- Global| Mar 03 2010
EMU Retail Sales And Car Registrations Show Some Gains
Retail Sales in the Zone edged higher in January at the same pace as in December and November. The growth rate for e-Zone retail sales is improving Yr/Yr but it is still falling. The sequential growth rates show steady if snail’s pace [...]
- Global| Mar 02 2010
Progress- No Happily Ever After Euro-Area Inflation In February Stays Under Wraps
The EMU inflation chart tells a quick and dirty story of this business cycle without all the embellishments over banks lending, not-lending and financial crisis. Once upon a time, inflation was steady. Then prices overheated. Economic [...]
- Global| Mar 01 2010
Unemployment Rate Steadies In The Euro-Area .... But Not Much Else
The unemployment rate in the Euro-Area has flattened out just under 10%. And while the number of unemployed continues to rise the increase is at a decreasing pace- a good sign or at least a logical first step. In the larger EU area [...]
- Global| Feb 26 2010
EMU Inflation Stays Under Wraps
The EMU HICP has finalized for January. Headline prices fell and core prices ( ex energy and unprocessed food) fell by 0.3%. Core prices continue to drive their Yr/Yr rate lower to juts under 1%. Goods prices in the Zone are up by [...]
- Global| Feb 25 2010
A Pause And Backtrack In EU/EMU Growth In February
Manufacturing orders are up by 0.8% in December but the sequential growth rates do not show that the growth of orders continues to accelerate. MFG sales are also slowing as capital goods and intermediate goods sales rates over three- [...]
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