Retail sales volumes in the EMU fell by 3.1% in April, shedding most of the 3.3% gain they logged in March. Sales volumes still are advancing at an 18.4% pace over three months. But they are lower at an 8.4% pace over six months and [...]
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 2021EMU Retail Sales Shed Most of Last Month's Gains
- Global| Jun 03 2021
PMI Gap Between Rich and Poor Widens
The weighted global manufacturing PMI from JPMorgan (see Global Mfg, at the table bottom) shows a tick up to 56.0 in May from 55.9 in June. The unweighted raw count of countries in the table with manufacturing sectors improving month- [...]
- Global| Jun 02 2021
EMU Reaches HICP 'Goal' Sooner Than Expected As PPI Spurts...So?
A perusal of the early reporters of PPI results in the EMU shows clear-cut broad and virulent inflation at work. Of the 14 countries in table (of which 12 are EMU members; Sweden and Denmark are not), all show price increases in April [...]
- Global| May 27 2021
German Climate Improves Slowly As Expectations Lead the Way Higher
The GfK climate index as estimated for June rose to a -7 reading. This lifts the reading to its lifetime standing at its 3rd percentile – still extremely weak. The components of the index lag by one month. Even so, economic [...]
- Global| May 26 2021
French Household Confidence Begins to Climb Higher
Household confidence rose in May; the services and manufacturing sectors generally improved by more on the month. Household confidence has climbed back up above its median value since the year 2000 with a ranking in its 53.7 [...]
- Global| May 21 2021
Service Sector Improvement Drives European PMIs Higher
The EMU PMI has a 90.6 percentile queue standing which tells us that the May composite value has been this high or higher 9.4% of the time since December of 2016. The percentile column places this month’s value in the high-low range [...]
- Global| May 20 2021
UK Manufacturing Heats Up as Global Trade Gets Back in Gear
CBI overview and Orders The Confederation of British Industry (CBI) survey for the industrial sector in the UK saw its total orders reading push up to a +17 net reading in May. This net index (a plus/minus diffusion index) is at its [...]
- Global| May 19 2021
Car Registrations Soar in Terms of Year-on-Year Changes, But the Pace of Unit "Sales" Remains Underwhelming
The chart above on auto registration really makes all the points you need on this month’s report. While we are schooled to look at percentage changes because they are fairer comparisons over time and free us of some the biases of [...]
- Global| May 17 2021
Inflation in Italy Surges then Heads Lower
Italy is one the early member of the Euro Area, of the EU, and of its precursor organizations. It was long one of the typical high inflation Mediterranean countries. But in the wake if the global financial crisis, Italy underwent [...]
- Global| May 14 2021
Canada's Orders Rebound As Does the Economy
After plunging in February, Canada's orders recouped and gained back most of those losses in one month rising by 5.2% in March. Despite what is clearly still a great deal of volatility, Canadian orders are accelerating their rate of [...]
- Global| May 13 2021
Japan's Economy Watchers Index Goes Choppy
Last year in April the virus plunged Japan's current and future Economy Watchers Indexes to their lows. Both sprang back very strongly and by June they had attained levels that actually both are higher than the April 2021 readings [...]
- Global| May 12 2021
Weak March Base Helps to Drive EMU IP Higher
IP data and trends in Europe and the EMU remain mixed. While consumer spending data are showing a clear trend to rebound, the output data can’t be said to be there. But they do seem to be on the verge. In the EMU, manufacturing in the [...]
- of350Go to 62 page