The step-back that refreshes U.K. retail sales fell by 0.8% in May but only after some really explosive gains in March and April as the U.K. economy began to lift restrictions. The chart shows the surge in retail spending. The ‘news’ [...]
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 18 2021U.K. Retail Sales Back Off in May
- Global| Jun 17 2021
European Car Registrations Decline for the Second Month in a Row, But Show Massive Strength over 12 Months on the [...]
The data and the statistics in the table may not be so clear. But this month the plot of vehicle registrations in their raw form - not as percentage changes- shows exactly what is going on. The answer is that 'less and less' is what's [...]
- Global| Jun 16 2021
Japan's Trade Surplus Withers As Nominal Exports and Imports Surge
Japan's trade surplus eroded to Ą43bln in May from a surplus of Ą84 bln in April. Compared to its six-month and 12-month averages, the three-month average balance shows a much reduced trade surplus. Japan's exports were dead flat in [...]
- Global| Jun 15 2021
EMU Trade Surplus Falls Sharply on Nonmanufacturing Weakness
The EMU trade surplus fell very sharply nearly halving itself in one-month's time as it fell to €9.4bln in April from €18.3bln March. The balance on manufacturing trade in the EMU has been very stable; the surplus on that account rose [...]
- Global| Jun 14 2021
EMU IP Gains But Troubles Remain
Euro area industrial production rose by 0.8% in April, advancing for the second month in a row. Manufacturing output rose by 0.4% in April gaining also for the second month in a row, but it is still below its level output as of [...]
- Global| Jun 10 2021
IP Rises Broadly Across Euro Area
In April manufacturing industrial production (IP) grew in eight of thirteen early IP reporters in Europe. IP fell in Germany, France, Ireland, Sweden, and Norway. Output rose in Italy and Spain, the third and fourth largest EMU [...]
- Global| Jun 09 2021
German Surplus Ticks Higher As Exports and Imports Revive
German exports disappointed, ticking higher by just 0.3% in April after a 1.3% gain in March. Still, German imports fell by 1.7% after a 7.1% rise in March and those results pushed the German surplus to €15.8bln in April up from [...]
- Global| Jun 08 2021
German IP Logs Massive 12-Month Gain But Eases Month-to-Month
Germany's industrial production fell by 1% in April, dropping for the third time in four months. IP is lower over three months for Germany overall and for each manufacturing sector. Over six months German IP is making a gain, but that [...]
- Global| Jun 07 2021
German Orders Tick Lower in April
German orders ticked lower in April, dropping by 0.2% on weak domestic orders that fell by 4.3%; foreign orders in April rose by 2.7%. Both foreign and domestic orders were up strongly in March. Domestic orders also rose strongly in [...]
- Global| Jun 04 2021
EMU Retail Sales Shed Most of Last Month's Gains
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 [...]
- 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 [...]
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