Japan's economy watchers index is mixed in December. The current index improved slightly while the future index decayed slightly. More broadly, the current index declines over three months, over six months and 12 months. The drop in [...]
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| Jan 14 2020Japan's Economy Watchers Index Is Mixed
- Global| Jan 13 2020
December’s Slower Wage Growth Reflects Drop in Incentive/ Commission Income---Labor Markets Are Still Tight
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- Global| Jan 13 2020
U.K. Manufacturing Output Drops Sharply
U.K. manufacturing industrial production dropped by a sharp 1.7% in November. It was the largest drop since April when manufacturing output fell by an outsized 4.2%. On data back to January 2015, this is the second largest monthly [...]
- Global| Jan 10 2020
Bank of France Survey Weakens But the BOF Outlook Is Held Steady
The Bank of France Business survey indicator has weakened in December, falling to 96.5 in December from 97.3 in November. At 96.5, it is below its 12-month average of 97.9 and its standings in December at 28.6 percentile since [...]
- Global| Jan 09 2020
EMU Unemployment Stabilizes and Divides a Region
The EMU unemployment rate remains in November at its lowest rate since 2008. On the month, the unemployment rate fell in Austria, France, and Spain. With a lag, the unemployment rate fell in Greece and also in EU member, the United [...]
- Global| Jan 08 2020
German Orders Sink But the Outlook Remains Mixed
Reports for the New Year continue to come in emitting erratic signals. Global PMI data from Markit remain weak with poor momentum but also throw out some hints of stabilizing. In the U.S., the ISM is delivering a split decision but [...]
Unlike the Federal Reserve and most central banks, the European Central Bank operates with a single policy directive. That directive is to keep inflation just under 2%. The Fed has a 2% inflation target but also the mandate to achieve [...]
- Global| Jan 06 2020
PPI Inflation vs. Composite PMI Performance Globally
The composite PMIs that weight the services and manufacturing sectors to arrive at an overall PMI standing continue to show a great deal of weakness in December. The unweighted average percentile standing for this month's PMIs by [...]
- Global| Jan 03 2020
Money, Credit and GDP vs Geopolitics
Well, Happy New Year…but realistically it is what it is. Isn't it? The killing of Iranian general Qassem Soleimani, the architect of Iran's military expansion in the Middle East, has created a fire-storm of backlash. But the very [...]
- Global| Jan 02 2020
Asian PMIs Recovering but Many Still Show Mfg Contraction. None Show Strength or Even Firmness
China, the strongest MFG PMI, is also losing momentum the fastest. The Asia PMI average ticked higher in December to 50.5 from a dead neutral 50,0 in November (and 49.5 in October). There is a mild contour of recovery and only those [...]
- Global| Dec 31 2019
China's Manufacturing Claws Its Way to Meager Gains and the Road Ahead
All the indicators for China's manufacturing sector remain listless in December. For those of you driven by literalism, China's manufacturing sector has ‘grown' in each of the past two months as its manufacturing PMI stands above 50 [...]
- Global| Dec 27 2019
Japan's Activity Gauges Paint a Picture of Withering Growth or Worse
Japans' retail sales rebounded but only part way after a horrific decline in the wake of its consumption tax hike. On October 1, the government raised the consumption tax from 8% to 10%. While retail sales had risen by 7.2% in [...]
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