Euro Area 15 retail sales are off by 0.4% in July their second straight month of declining. Food and nonfood sales each are off for two months running as well. In the current quarter to date sales volumes overall are falling at a 4.8% [...]
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| Sep 03 2008Retail Sales Trend are Slipping Everywhere in the Euro Area
- Global| Sep 02 2008
Euro Area Overall PPI Jumps: Sector Trends Diverge
The July PPI in the e-zone jumped by 1.1% in July continuing to spread inflation pressure in the e-zone. Ex energy the PPI rose by 0.5% after a 0.4% spurt in June. As a result even ex-energy inflation is looking troublesome. Ex energy [...]
- Global| Sep 01 2008
Germany Retail Sales Give Way…
German retail sales have now put in back-to-back declines, each of substantial magnitude. Real and nominal sales are now lower over 12 months. Over 6 months the rate of decline is more severe and over 3 months the pace of decline is [...]
- Global| Sep 01 2008
Germany Retail Sales Give Way…
German retail sales have now put in back-to-back declines, each of substantial magnitude. Real and nominal sales are now lower over 12 months. Over 6 months the rate of decline is more severe and over 3 months the pace of decline is [...]
- Global| Aug 29 2008
EMU Indices Continue to Lose Ground
This Month - The European Commission’s monthly indices show that the area continued to lose ground as economic sentiment slipped from 88.8 in July to 86.9 in August. All main sector gauges fell in the month save consumer confidence [...]
- Global| Aug 27 2008
Italy: Consumer Confidence Rebounds but Remains Very Weak
Consumer confidence rebounded in Italy to 99.5 In August from 95.8 in July. This is a nice bounce but it still leaves the index at a very low level. The best guess is that the pop in confidence stems from the drop in global oil prices [...]
- Global| Aug 25 2008
Spain's PPI Surges
Not that SPAIN is an inflation bellwether but a 23-year high is a 23-year high -- Soaring energy costs sent Spanish producer price inflation to a 23 ˝ year high of 10.1 percent in July. Many are calling this the peak in inflation. [...]
- Global| Aug 22 2008
Euro Area Export Trends are Lagging
Import growth in the Euro Area is still firm while export growth is fading. Import growth is of course is supported by strength in oil imports, much of that on the price side. For manufactured goods both exports and imports are weak [...]
- Global| Aug 22 2008
Euro Orders Continue to Plunge
Euro orders fell again in June by less month-to-month than in May but drove the Yr/Yr drop to -7.4%. That is much deeper than the -1.8% Y/Y drop recorded in May. Domestic orders in the zone are down Yr/Yr but are still struggling to [...]
- Global| Aug 22 2008
Euro Orders Continue to Plunge
Euro orders fell again in June by less month-to-month than in May but drove the Yr/Yr drop to -7.4%. That is much deeper than the -1.8% Y/Y drop recorded in May. Domestic orders in the zone are down Yr/Yr but are still struggling to [...]
- Global| Aug 21 2008
Despite a Bump Up in July UK Retail Sales Trends Remain Poor
UK retail sales showed a sharp bump up in May of this year. Since that time it has been all downhill for the three major trends in retail sales: 3-mo, 6-mo and Yr/yr. The trends generally display a progressive deterioration in the [...]
- Global| Aug 21 2008
Euro-PMIs Flatten Out
But has Europe already been flattened? The services and MFG PMIs (form NTC/Markit) for EMU flattened out this month falling month-to-month but barely falling. As a result the services and MFG PMIs are at the bottom of their recent [...]
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