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 [...]
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 04 2019Manufacturing PMI Remains Weak in and across EMU and EU
- 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 [...]
- Global| Oct 25 2019
IFO Is Mixed, GfK Is Weakening and the ECB Forecasters Are a Pessimistic Lot
On the whole, there is little changed in the IFO survey this month. As the headline reports, current conditions do weaken slightly month-to-month and expectations improve. The rankings that are done on a relatively short horizon to [...]
- Global| Oct 24 2019
European Growth Stands on the Brink of Extinction As EMU Area PMIs Show Fading Momentum
The EMU PMI preliminary reading ticked up in October from the actual PMI level in September. But at 50.2, the space between the actual level of activity on the PMI and the 'no growth' line of demarcation (50.0) is exceptionally thin. [...]
- Global| Oct 23 2019
French industry Climate Hits Its Lowest Reading Since March 2015
The climate gauge for French industry fell to 99.4 in October from 101.6 in September, marking its lowest point since March 2015. French manufacturing claimed for a plateau of readings in early-2015 to a peak at 113.5 in January 2018. [...]
- Global| Oct 22 2019
U.K. Industrial Trends Survey CBI- Implications for Brexit?
The Brexit process has been taking a toll on the performance of industrial orders in the United Kingdom. But the situation is only getting progressively worse and the worsening is becoming more extreme. Net orders fell to a -37 [...]
- Global| Oct 21 2019
Japan's Trade Flows Wind Down... Will the BOJ Have to Respond?
Japan's trade data showed a gain in both exports and imports in September, but both flows are contracting year-over-year. However, there is a lot of price weakness because of weak energy prices and in real terms year-on-year exports [...]
- Global| Oct 18 2019
The EMU Current Account Surplus Expands
The EMU current account expanded to 26.6 billion euros in August from 21.6 billion euros in July. The trade surplus expanded, the balance on manufacturing trade moved to a larger surplus and the balance on nonmanufacturing trade also [...]
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