EMU area retail sales volume is still eroding but at a slow pace. The volume drop in the past three months was just 0.2% per month Retail sales have been declining in the Area but have not been as weak as in the US. Passenger car [...]
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 04 2009EMU Retail Sales Volumes Erode At Slow Pace
- Global| Jun 03 2009
Markit's Service PMI Rises In EMU But Still Shows Contraction
The real story this month is not that the services PMI in EMU continued to improve, but that in the UK the PMI reading for the services sector leapt over the neutral zone to score a positive reading at 51.72. The UK is now showing the [...]
- Global| Jun 02 2009
U-Rates On The Rise
Unemployment rates are on the rise around the world. In EMU the new rate jumped up to 9.2%; the highest rate for the Area in 9-1/2 years (Sept 1999). There have been 3.1million jobs losses since the recession began. The US has seen a [...]
- Global| Jun 01 2009
UK MFG Is On The Mend... So Is Europe And The US
The UK MFG PMI is up to a level of 45.37, the second highest reading in this group of EU/EMU reporters (Greece is the highest). The UK index also is 10% from its cycle high and 10% above its cycle low. The EMU measure is 17% from its [...]
- Global| May 28 2009
German Retail Sales Lose Some Weakness
Retail sales are falling on a Yr/Yr basis but, in recent months, spending has been higher; over three months spending (ex-autos) is actually rising. As we saw in the first quarter German GDP report, consumers have been mildly affected [...]
- Global| May 27 2009
French Consumer Begins To Feel Less Stressed
The French consumer is gradually beginning to feel better. At a value of -40, confidence is up by a tick in May following a one point rising trends that is in place for several months. The index is still low in the bottom 13 [...]
- Global| May 26 2009
Orders in Near Collapse then (Negative) Growth Rates Stabilize
Order trends have deteriorated for both EMU domestic and foreign orders but each series also shows signs of a turn. Three month rates of growth are not as bad as six month rates of growth although six month rates of growth are worse [...]
- Global| May 26 2009
IFO Shows Sector Indices Have Bottomed...Maybe
IFO improves, barely -- The IFO survey is in the same boat as the rest of the recent economic indicators. The index is off its low, and rising but still showing contraction. The improvement in May continued but was very slight for [...]
- Global| May 26 2009
IFO Shows Sector Indices HaveBottomed...Maybe
IFO improves, barely -- The IFO survey is in the same boat as the rest of the recent economic indicators. The index is off its low, and rising but still showing contraction. The improvement in May continued but was very slight for [...]
- Global| May 21 2009
Japan GDP In Record Drop As Trade Collapses
Japan is being lead lower by its trade dependence as much as any large developed country. Exports are lower at a 70% annual rate Q/Q and by 37% Yr/Yr. Imports meanwhile are dropping at a lesser but still outsized 47% annual rate in q1 [...]
- Global| May 20 2009
Japan GDP in Record Drop As Trade Collapses
Japan is being led lower by its trade dependence as much as any large developed country. Exports are lower at a 70% annual rate Q/Q and by 37% Yr/Yr. Imports meanwhile are dropping at a lesser but still outsized 47% annual rate in Q1 [...]
- Global| May 18 2009
Japan's Consumer Confidence Is Up For The Fourth Month In A Row
Japan’s consumer confidence index is up for the fourth month running. It is now a monthly reading - that accounts for the history of dots on the chart which represent unconnected quarterly observations ahead of the adoption of monthly [...]
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