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 [...]
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 04 2010EMU GDP Stays Put – No Revision
- 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- [...]
- Global| Feb 24 2010
Orders Continue In Their Upswing
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- [...]
- Global| Feb 22 2010
Large EU Country Orders Go Back On The Rise…Mostly
Germany no longer seems to be locked in to the wining trajectory that leads the e-Zone. France and Italy each have stronger orders growth than Germany Yr/Yr. Among the four largest EU nations Germany alone is the one with declining [...]
- Global| Feb 19 2010
Disturbing Mixed Message From The Markit PMIs In EMU
The Markit PMIs are sensitive gauges measuring the breadth of the expansion in manufacturing and services industries in the e-Zone. This month the MFG PMI was above its neutral reading of 50 for the fifth month in a row. In each of [...]
- Global| Feb 18 2010
Industrial Trends In UK Continue Turning Higher
Industrial orders in the UK rose to a reading of -36 in February from -39 marking their best result Since December 2008. The plus-seven reading for expected output volume is the best reading since March of 2008. Orders reside in the [...]
- Global| Feb 17 2010
Euro-Area Trade Surplus Moves Up Sharply
Exports rebounded strongly in December after coming up flat in November. Overall exports rose by 3.1% in December as MFG exports rose by 2.7% in December. Three month growth rates continue to show strong growth, accelerating slightly [...]
- Global| Feb 12 2010
Every Picture Tells A Story...Or Do It?
Don’t judge a book by its cover- Please pardon the bad grammar in the title. But I am hopelessly imprinted with Rod Stewart’s, “Every Picture tells, a story, don’t it?’ In this case… I wonder: does it or as SNL’s Seth Meyers might [...]
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