Ever since Germany revised up its preliminary HICP for May the EMU HICP preliminary result has been on notice for an upward revision too. Today that rate was revised up to 3.7% from 3.6%, a small uptick, yes, but in the wrong [...]
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 16 2008EMU HICP Spurts as ‘Core’ Edges Higher
- Global| Jun 13 2008
Readings Drop in May: Index to 96.6 in Bottom Quarter of Rank Range
The Bank of France business indicator fell to 97 from 100.4 in May. After seeing the result the Bank of France cut its growth estimate for GDP to +0.2% down from +0.3% previously for the Q/Q gain. In the latest month production was [...]
- Global| Jun 12 2008
EMU Area IP Growth Confirms the Strength Across Countries
In April EMU-wide industrial output rose by 0.3% but that was after a drop of 0.6% in March. While the Yr/Yr growth rate seems a lot higher at 2.9% in April compared to 1.4% in March, growth is actually fading. The monthly gain in [...]
- Global| Jun 11 2008
French Inflation Continues to Escalate Over the Top
Bad news for the ECB… France and the EMU ceiling - France’s HICP rate rose by 0.5% in May 2008; its own domestic CPI measure rose by 0.4% with a tempered core of +0.1%. The HICP core rate is not yet available. But both the HICP and [...]
- Global| Jun 10 2008
EMU Industrial Production Held Firm in April
Industrial output has held firm-to-strong in most of the large EMU countries in April. France shows strengthening IP trends. In Italy the three- and six- month growth rates are just above 2%. Spain’s numbers are simply too volatile to [...]
- Global| Jun 09 2008
German Trade Surplus Bulges Again in April
Despite weakening industrial output and fast decelerating orders German trade flows produced a larger surplus again in April. Exports rose by 1.2% in the month as imports dropped by a large 2.1%. Over the last three months import [...]
- Global| Jun 09 2008
OECD CLIs Point to Further Slowing Except Japan
The OECD composite leading indicators (CLIs) show fang growth trends for the OEC and highly accelerated slowing in the US. The main regions show an accelerated slowing is in progress, even EMU with a six month growth rate of -23.1% [...]
- Global| Jun 09 2008
German Industrial Output Trends Head Lower
German industrial output in April fell by 0.8% for the second straight month, held back by dropping construction sector output. However, the sector indices for consumer goods and intermediate goods tumbled in April as well. Capital [...]
- Global| Jun 05 2008
German Orders Lose Their Froth Faster Than Day-old Beer
As the dollar fell and euro rose German authorities gloated about the resilience of their economy. German economic statistics have largely remained firm and vibrant in the face of ever diminishing competitiveness, as the euro rose. [...]
- Global| Jun 04 2008
EMU Retail Spending and Plans Continue to Roll Over
Euro Area retail sales are weak in April just as they were in March and in February. It’s no surprise then that one month into the new quarter Retail sales volumes are falling at a 7.6% annual rate, led by an 8.3% volume drop in [...]
- Global| Jun 03 2008
GDP Growth Revised Up: Path Holds Steady
GDP growth was revised up from a quarterly gain of 0.7% to a gain of 0.8% in 2008-Q1. Still, Yr/Yr growth is tailing off to its lowest pace since end 2005. Myriad domestic indicators and surveys point to further slowing ahead. Private [...]
- Global| Jun 02 2008
EMU MFG Weakens but Pace of Decline Slows
Manufacturing output weakened slightly in the Euro Area in May but the pace of decline is slowing. Among reporting countries the MFG PMIs mostly slipped in May. France and the Netherlands were exceptions, the Netherlands in the most [...]
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