Retail volumes grew by just 0.1% in the Euro area 13 in August. This follows an upwardly-revised +0.4% in July. That is not an auspicious start to the quarter. However since Q2 ended on such a strong note, again of 0.6% that has sent [...]
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| Oct 03 2007European Retail Sales Remained Mixed, Weak in August but Solid in Q3
- Global| Oct 03 2007
Service Sector Weakens in Europe
Service sector slows across EMU -- The Reuters/NTC EU indexes on the services sector show widespread weakness in September. For the Euro area 13, the index has dropped a sharp 3-plus points in September and the reading now resides [...]
- Global| Oct 02 2007
Euro Area PPI Behaves in August
The Euro Area's year-over-year PPI excluding construction continues to head lower, while the six-month measure has seen some steady pressure and recent quasi-plateauing. But the three-month PPI is heading strongly lower. On balance, [...]
- Global| Oct 01 2007
Broad Slowdown in Euro-area MFG
The finalized Euro area MFG PMIs from NTC show a picture of a weakening MFG sector. All countries for which up-to-date MFG readings are available show MFG is still expanding in September on a country by country basis in EMU (i.e. [...]
- Global| Oct 01 2007
UK MFG Drops Off but Remains in a Growth Profile
The UK manufacturing sector was weaker than expected in September but output price pressures rose to a record high, according to the latest Chartered Institute of Purchasing and Supply/NTC survey. The headline UK September [...]
- Global| Sep 28 2007
The German IFO Index Shows a Broad Weakening
The German IFO Index shows a broad weakening in its various sector indexes. Like the EU index, the decline though broad is also slow. The business expectations index is now only in the top one-third of its range the current situation [...]
- Global| Sep 28 2007
EU Growth and Inflation Conditions
Sentiment fell across the EU region in September. The drop was widespread but not severe. Consumer sentiment had the lowest absolute reading but retail sentiment fell the most in September, dropping by five points. Construction [...]
Currency rates are after all the price of one money in terms of another. But currency values are not simply determined by the size or growth in relative money stocks. EMU money supply is now growing faster than the US money supply [...]
- Global| Sep 27 2007
US Homes Sales Still Weakening...but at a Progressively Slower Pace
The growth rates in the table below tell an erratic story of trends in the U.S. housing sector. Prices finally are lower year/year but are still, on balance, higher over the past four. Sales of new homes by region have very different [...]
- Global| Sep 27 2007
Despite Q2 Spurt Trend in the U.S. is Slowing
GDP’s growth in Q3 was revised down marginally in the final estimate to 3.8% from 4% previously. Growth was chipped away in a number of sectors including structures and exports while imports were revised higher. Imports drain growth [...]
- Global| Sep 27 2007
Despite Q2 Spurt Trend in the U.S. is Slowing
GDP’s growth in Q3 was revised down marginally in the final estimate to 3.8% from 4% previously. Growth was chipped away in a number of sectors including structures and exports while imports were revised higher. Imports drain growth [...]
- Global| Sep 26 2007
U.S. Durable Goods Orders Drop by 4.9% in August after 6.1% Spurt in July
Durables goods orders fell sharply in August by 4.9% after a 6.1% spurt in July. Excluding transportation, orders fell by 1.8% after a +3.4% in July and a 1.3% drop in June. Orders growth has been erratic. Still, trends are for the [...]
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