It may not be resiliency as much as volatility as the rise in January EMU orders still shows growth rates steadily declining from 12 months to 6 months to 3 months. In the current quarter despite the bump up in January orders are only [...]
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| Mar 26 2008EMU Orders Rise in January but Trends Point Lower
- Global| Mar 24 2008
Italy Retail Sales and Consumer Confidence Sag
Italy’s retail sales edged up in January, rising by 0.2% in nominal terms, likely a decline in volume terms given the recent pace of inflation. Over the past three months, sales values fell at a 0.4% annual rate. And, overall value [...]
- Global| Mar 21 2008
Italy’s Consumer Confidence Erodes
The chart on the left shows that consumer confidence has been weaker briefly in 2004 and then again back in 1994. But at the pace that confidence is falling it may be there soon. Italy’s Sentiment indicator is in the bottom 6% of its [...]
- Global| Mar 21 2008
French Orders in Holding Pattern With Strong Foreign Orders
French industrial orders are hanging tough in an environment where Euro Area growth is fading and the euro is getting stronger. Total new orders and foreign orders are however losing some momentum after spurting strongly in mid-2007 [...]
- Global| Mar 20 2008
German Ex-Energy PPI Shows Disconcerting Pressure!
German ex-energy MFG prices are showing pressure with three-month inflation surging and pushing up the pace across the major tenor comparisons. Headline MFG price inflation is in the 5% to 6% range over three and six months. It is [...]
- Global| Mar 20 2008
UK Retail Sales Show Unexpected Zest
UK retail sales surged in February quite unexpectedly. Sales popped by 1.2% in nominal terms and by 0.9% inflation adjusted ex-autos Real sales ex autos are now up a strong 5.1% from one-year ago while nominal sales overall are up [...]
- Global| Mar 19 2008
Japan Slips and its Assessment is Cut…
Japan’s all-industry index was flat in January. The tertiary index that it tracks so closely was up to 110.3 from 109.5 in December. In terms of year-to-year changes the tertiary and all-industries indices are about the same showing a [...]
- Global| Mar 19 2008
Italy Orders Rise in Month but Still Faltering Trend
Italy’s orders jumped sharply in January but only after an even larger fall in December. As a result the Q1 sales growth for orders in January over the Q4 average is a dismal -1.8%. Foreign orders in Q1 2008 are still rising however [...]
- Global| Mar 19 2008
UK Order Books are "Full".…but for How Long?
UK order books are high, in the 96th percentile of their range of values since end-2000 in terms of the net balance readings of the CBI survey. Total orders are strong and exports are the highest seen in this seven-plus year period [...]
- Global| Mar 18 2008
Italy’s Trade Deficit Widens: Complex Picture Emerges
Italy’s export and import rise in January and continue to show good momentum despite forecasts of slowing in the Euro Area and a continually rising euro. While MFG readings have showed slowing the export picture remains surprisingly [...]
- Global| Mar 14 2008
Inflation Flares Further in the Euro Area
The upward-revised headline EMU inflation rate leaves the ECB even more perturbed over events. While a tenth of a percentage point upward revision is no big deal, it makes the highest inflation on record since the Euro Area was formed [...]
- Global| Mar 14 2008
BoF Indicator Continues to be Weak
The Bank of France has put the logical spin on its survey as showing that growth continues. After a marked slowdown in French GDP growth in 4Q, the new BoF survey shows that activity has picked up somewhat, although the Industry [...]
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