In the euro area, the PPI is making all sorts of noise and rising at a barn-burning pace: 9.7% over 12 months, a pace of 16% over six months and at 19% pace over three months. No rates are remotely in the target range of any central [...]
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| Jul 02 2021The PPI Soars in the Euro Area... Does It Matter?
- Global| Jul 01 2021
EMU Unemployment Rate Falls in May As Progress Continues; The Good, the Bad, the Blemished...and the Worried
The EMU unemployment rate dropped in May, signaling that EMU-wide progress is still on track. However, the EMU unemployment rate is only four tenths of a percentage point (0.4) higher than it was before Covid-19 struck, leaving EMU [...]
- Global| Jun 30 2021
Italian Inflation Is More Subdued Than Elsewhere
Italian inflation is only at 1.4% (HICP) or 1.3% (domestic index) on a year-on-year basis. Inflation in Germany already is over the top of the pace established as beyond the maximum by the ECB (2%). And while the two Italian headline [...]
- Global| Jun 29 2021
EMU Indexes: a 20-Year High in June
The EU Commission indexes have been making a huge move to higher ground for the last several months. In June we are looking at the highest EU Commission index for the EMU in over 20 years. This should help to establish the case that [...]
- Global| Jun 28 2021
Confidence in Finland Holds and Extends Its Gains
Consumer confidence in Finland rose to 4.6 in June from 2.7 in May. This reading compared to a 12-month average of -1.9. Confidence has been on an upswing from that 12-month average to 1.1 over six months and to 2.7 over three months. [...]
- Global| Jun 25 2021
German Confidence Continues to Build
The GfK survey for Germany projects confidence for the month ahead. The new projection is for July. After several months with the confidence reading stuck in single-digit negative numbers, the index for July moved up to -0.3. It’s a [...]
- Global| Jun 24 2021
German Recovery Continues to Progress
All sector climate in the IFO framework rose to a net reading of 22.7 in June from 18.3 in May. The current business situation improved to 27.1 from 18.2, while expectations moved up to 18.0 from 15.6. Climate and current conditions [...]
- Global| Jun 23 2021
Markit Flash PMIs Show Most Improvement in Services
Of the six entries in the table, the June manufacturing PMIs stepped back in two of them (France & Japan) and are unchanged in another (EMU). The services gauge stepped back only in the U.K. After this month's data, the service sector [...]
- Global| Jun 22 2021
CBI Orders Continue to Accelerate
The Confederation of British Industry (CBI) survey for the U.K. had another strong showing in June with the net orders reading climbing to +19 from +17 in May. Orders have progressed from averaging -23 over 12 months to averaging -7 [...]
- Global| Jun 18 2021
U.K. Retail Sales Back Off in May
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’ [...]
- 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 [...]
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