Growth surprise in orders - Industrial orders in EMU surpassed expectations in June as May's 4% order surge was followed by a 2.5% gain in June. Still April saw a fall of 0.2% and that took the top off of the three-month growth rate [...]
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 24 2010Euro-Area Orders Defy Gravity...But Growth Slows Nonetheless
- Global| Aug 19 2010
German PPI Soars In July But Still Slows Its Rate Of Growth
Spring time for Germany...This is a unique time for the German economy. It is growing fast, having put in the best quarterly growth since unification; the best quarter in two decades and a strong one compared to any decade. Inflation [...]
- Global| Aug 18 2010
UK Earnings Move Higher, But Not By Enough To Matter
Earnings trends: UK average earnings (including bonuses) rose economy-wide in June. But the private sector saw earnings drop by 1.1%. Over three-months earnings are falling on both measures, over six months a small rise is in place; [...]
- Global| Aug 17 2010
Housing Starts Edge Higher But Not By Much
Housing has taken a real thumping in this cycle, a process that began well before the recession. So it is not surprising that with the recession over, housing is not simply springing back to life. It is instructive to look at the [...]
- Global| Aug 17 2010
Home Builders Index Takes A Step Back
The home builders index took a step back in August as all components of the index fell, except traffic that held steady. Across regions the indices also fell with the Midwest being stable month-to-month and the Northeast taking the [...]
- Global| Aug 13 2010
German GDP Sends EMU Measure Flying....Is That Really Such Good News?
Europe surges - EMU GDP is advancing at a super-strong 3.9% rate (Saar) in Q2 leaving the US growth rate of 2.4% (and due to be revised lower...) in the dust. But at 3.2% the US Yr/Yr rate still towers over the EMU rate of 1.7%. But [...]
- Global| Aug 12 2010
Euro-Area IP Takes A Dive
Euro-Area IP ending a period of acceleration? Euro-Area IP is not exactly sputtering but it is stabilizing and showing signs of settling into a lower perhaps sustainable growth path. The three month growth rate has been jerking around [...]
While Japan and Germany run trade surpluses and China's trade surplus grows, the US trade deficit erratically is creeping higher. The reason is clear. As we saw earlier in German orders, demand for German goods is led by demand from [...]
- Global| Aug 10 2010
Subterranean Homesick Blues German Style
On the surface German inflation trends are excellent. The HICP is decelerating from a meager 1.2% Yr/Yr to 0.7% over six-months to less than one-half of one percent over three-months. The German domestic inflation measure is actually [...]
- Global| Aug 06 2010
German IP Takes A Hit But Not A Lethal One
Despite there being strength in industrial orders German IP took a set-back in June falling by 0.6% as MFG IP fell by 0.8%. However this drop follows a sharp 2.9% gain in May and it leaves the three month growth rate only marginally [...]
- Global| Aug 05 2010
German Orders Soar On Overseas Demand....Domestic Orders Just Sore
German growth in orders continues to be lead by foreign demand. Despite a surge in orders in June the Yr/Yr pace in overall orders is stepping down from its highest pace of several months ago. Over 12-months foreign orders are up by [...]
- Global| Aug 04 2010
EMU Retail Sales Go Flat As Momentum Worsens
Retail sales are still digging their way of their recession hole but with volume flat in June progress ahs come to a halt. Momentum also has begun to slip as three-month growth in the sales volume index is now negative. Motor vehicle [...]
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