A monthly rebound, yes, but NO green shoots The August 0.3% rebound in German IP and the stronger rebound of 0.7% in German manufacturing IP are surprises that were not tipped off by German orders or by the German PMI or by other [...]
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| Oct 08 2019German IP Has Upside Surprise But With Little Impact
- Global| Oct 07 2019
Orders Suggest That Germany Flirts With Some Sort of Recession
Germany's manufacturing orders continue to run weak. Overall orders are still declining. Total orders have fallen month-to-month five times in the past eight months. Currently, order weakness concentrates in the domestic sector where [...]
- Global| Oct 04 2019
British Chambers of Commerce Survey Weakens
The British Chambers of Commerce (BCC) quarterly economic survey shows weakness in both manufacturing and services with manufacturing leading the way lower as was expected to with trade as the likely active operational factor. But is [...]
- Global| Oct 03 2019
EMU: Inflation, Domestic Spending and Global Conditions
The good news - and there has not been enough of that these days - is that in EMU consumer spending trends are holding up nicely. Spending trends are generally neither accelerating steadily nor decelerating steadily in the EMU. But [...]
- Global| Oct 02 2019
Japan's Tankan Survey Weakens
Japan's Tankan survey weakened in Q3 as did the outlook for Q4. The only ‘saving grace' in this report is that despite widespread weakness it had been expected to show even greater slippage. This is a very comprehensive and closely [...]
- Global| Oct 01 2019
More Than Half the Manufacturing PMIs Are Below 50; Momentum Is Fading and PMI Levels Are Getting Low
Taking a full count of the countries and regions in the top panel of the table, ten of 17 have PMIs below 50 in September. There are two countries Turkey and Taiwan with readings right at 50 (note: Taiwan is below 50 but rounds up to [...]
- Global| Sep 30 2019
EMU Unemployment Rate at Its Lowest since 2008
The unemployment rate in the EMU has fallen in August and the ongoing drop speaks to the ongoing economic expansion- not withstanding concerns to the contrary. However, the chart reminds us that any rise in the unemployment rate is an [...]
- Global| Sep 27 2019
The Euro Dynamic: Where Is It Going?
The EU Commission index for the European Monetary Union countries has fallen to 101.7 in September from 103.1 in August. At this mark, the index has a 49.5 percentile standing on data back to late-1988. The 49.5 mark is barely below [...]
- Global| Sep 26 2019
EMU Money Supply Steps Up Its Pace; Credit Growth Continues to Trend Slowly Higher
Money and credit trends in the EMU are on the upswing and are encouraging. Money growth is almost as strong as it was at its peak pace earlier in this recovery period. Of course, the last time money growth perked up to this pace it [...]
- Global| Sep 26 2019
EMU Money Supply Steps Up Its Pace; Credit Growth Continues to Trend Slowly Higher
Money and credit trends in the EMU are on the upswing and are encouraging. Money growth is almost as strong as it was at its peak pace earlier in this recovery period. Of course, the last time money growth perked up to this pace it [...]
- Global| Sep 25 2019
U.K. Distributive Trade Survey Shows Mixed Weakness
There are two layers to the distributive trade retail and wholesale survey. The first is the report on both sectors for September; the second is the report for expectations in October. The September results for retail sales volumes: [...]
- Global| Sep 24 2019
Minor, Meaningless, Bounce in German IFO
The German IFO gauge is weak and remains weak after a slight improvement logged in September. The current business situation reading improved to 24.5 in September from 21.9 in August and expectations overall ‘improved’ to -2.0 from [...]
- of362Go to 108 page