UK retail sales are up by a sharper-than-expected 1.9% in February but the bounce is from a 2.5% drop in January. The UK sales path has been a rocky one as the growth rate chart above attests. As you would expect, Yr/Yr sales have [...]
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 25 2010UK Retail Sales Rebound After Larger Set-Back
- Global| Mar 24 2010
New Home Sales Drop But Prices Rise – Go Figure
If there is such a thing as a classic signal for a weather effect this is it: sales fall but Yr/Yr prices rise. Housing prices are not seasonally adjusted. They do exhibit some pretty pronounced seasonal patterns, however. Yr/Yr [...]
- Global| Mar 24 2010
Euro-Area PMIs Rise Sharply Other Things Unravel…
TheEuro-Area PMIs rose sharply in March. For MFG the index reached a new post recession high, it s strongest level since January 2007. For services, the 1.68 point rise to 53.65 brings it close to its cycle high reading of 53.71 and [...]
- Global| Mar 24 2010
Durable Goods Trends Continue Higher
Broad trends: Durable goods orders and shipments are still rebounding, but the pace of increase has topped out in February when we observe the Yr/Yr trend in the chart. The rise in orders continues to run ahead of shipments growth. [...]
- Global| Mar 24 2010
Durable Goods Trends ContinueHigher
Broad trends: Durable goods orders and shipments are still rebounding, but the pace of increase has topped out in February when we observe the Yr/Yr trend in the chart. The rise in orders continues to run ahead of shipments growth. [...]
- Global| Mar 23 2010
French Business Climate Gets Better As Political Climate Gets Worse…
France’s business climate indicator complied by Insee, rose to 94 in March from 91 in February. This is its best standing since August of 2008. Still it is not a good level. The climate indicator is only in the 47th percentile of its [...]
- Global| Mar 22 2010
Canadian Retail Sales Are On A Roll
Canadian Retail sales rose a sharp 0.7% in January. Deflated by the CPI the retail sales rise comes back to a still respectable 0.4% gain. The year-over-year plot in the chart shows the acceleration in nominal retail sales is slowing. [...]
- Global| Mar 19 2010
Orders Drop In Italy And France Upward Trend Is Mixed
The year over year charts show that momentum is still in-place for Italy and for France despite a set-back in January. Both Italy and France have seen orders drop in January. For France the January drop was severe but it still did not [...]
- Global| Mar 17 2010
UK Claimant Count In Surprise Move Lower
The UK, an economy that has been as much of an enigma as any, surprised us with a drop in the claimant count for February. Jobless claims fell in number by 32K in February and their numbers are lower on balance over three-months and [...]
- Global| Mar 15 2010
Japan Retail Sales Hit Some Highlights
Japan with one of the world’s most entrenched recessions produced some absolutely glowing consumer results for January. If Japanese consumers can break out of their doldrums, maybe, -just maybe- there is still hope for Germany and for [...]
- Global| Mar 12 2010
EMU IP Sees Light Of Day- Posts Yr/Yr Growth
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 [...]
- 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 [...]
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