EMU area IP ticked up by the smallest amount in September, rising by 0.1% after August's 0.4% gain. Still, in the just completed quarter, IP is falling at a 3.5% annual rate. Manufacturing output is up for two months running by 0.4% [...]
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| Nov 13 2019EMU IP Registers Second Monthly Gain in a Row
- Global| Nov 12 2019
ZEW Survey: Sharp Revival in Expectations
The ZEW survey in November has month-to-month increases in most macroeconomic, interest rate and stock market readings. But it is not just this breadth that is impressive; it is the breadth on top of a strong change in individual [...]
- Global| Nov 08 2019
German Trade Flows Show Some Life...There May Be Life on Mars, Too
The trends The German trade surplus is waffling at a level lower than it was before July of last year (see Chart). Export and import growth rates have been declining as well. Import growth that has been stronger than export growth for [...]
- Global| Nov 07 2019
German IP Drop Squashes Optimism...Still the Slowdown Is Slowing
On the face of it, September was not a good month for German industrial production. Output fell by 0.6% overall, it fell by 0.5% for consumer goods, it fell by 1.5% for capital goods and it fell by 1.3% for intermediate goods. But [...]
- Global| Nov 06 2019
EMU Area PMIs Quiver As German Orders Rebound But Still Shiver
Both German orders and the EU Commission's PMI gauges for the EMU show a modest upturn in their recent releases. Both fared slightly better than expected. Both are still significantly weak; the sense of overachievement will not merit [...]
- Global| Nov 05 2019
PPI Has Largest Year-on-Year Drop in Three Years
The euro area PPI was weak again in September with the headline series (excluding construction) fall after falling by 0.5% a month ago. The 12-month change marks a decline of 1.3% and is weakest showing for the PPI in three years. Is [...]
- Global| Nov 04 2019
Manufacturing PMI Remains Weak in and across EMU and EU
EMU manufacturing IP is declining in step with weakness in the manufacturing PMI The Markit manufacturing flash indexes are now replaced with their final gauges. Manufacturing in the EMU is slightly less weak than in its flash but it [...]
- Global| Nov 01 2019
Manufacturing PMIs Continue to Demonstrate Weakness
Manufacturing PMI values that feature the ISM in the U.S. and use flash values for Europe demonstrate still weak manufacturing conditions globally. The overall average (unweighted for importance) PMI is unchanged in October at 49.3, [...]
- Global| Oct 31 2019
A Halloween Potpourri of Weakness
China's manufacturing PMI dipped back below 50 in October. The manufacturing PMI has moved to exceptional weakness in 2019. In October, the manufacturing sector is contracting. The chart shows the abject weakness in manufacturing. The [...]
- Global| Oct 30 2019
Deterioration Continues to Sweep Through the Euro Area
The EMU overall Index fell to 100.8 in October, its weakest level since January 2015, from 101.7 in September. Ireland and Luxembourg have not reported; Table 1 reflects reporting from 17 of 19 EMU members. Of these 19, all but five [...]
- Global| Oct 29 2019
EMU PPIs Are Weak in a Weak Global Inflation Environment
One question that the central banks like the European Central Bank, the Federal Reserve and the Bank of Japan could ask is: what is the job of a central bank in a world where inflation has been tame and has been too tame for too long? [...]
- Global| Oct 28 2019
CBI Survey Has Bad News for the U.K. Retail Sector
The Confederation of British Industry distributive trades retail survey in November continues to show weakness. Weakness is built into the very bones of this survey from the basic line items of the month to the look-ahead survey [...]
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