EMU industrial production jumped in May. After falling for straight four months, EMU IP jumped in January 2019, then was flat in February, fell for two more months in a row, and now it is up by 0.9% month-to-month logging only its [...]
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| Jul 12 2019EMU IP Is Surprisingly Strong
- Global| Jul 11 2019
EMU Inflation: Is It Easing or Is It in a Jagged Uptrend?
The chart makes the point best on the problem of how to interpret the trends for inflation in the largest EMU nations. Going back to 2014 or 2016, we find inflation has been rising across all the countries in the chart. From about [...]
- Global| Jul 10 2019
IP Is Mixed Across EMU
In May among reporting EMU members listed in the table, four show IP declines while five show increases month-to-month. In April there were five declines and in March the bottom fell out and seven declined. Output trends have [...]
- Global| Jul 09 2019
Italian Retail Sales Sink; Can Italy Sink Solo or Is It a Broader Symptom of Things to Come?
Italy continues to show wear and tear although the recent good news was that the EU Commission had decided not to impose sanctions on Italy for an excessive budget deficit. With that concern out of the way, Italy still may be facing a [...]
- Global| Jul 08 2019
German IP Ticks Higher in May
German IP ticked higher in May, rising by 0.3% month-to-month after a 2% decline in April. German IP is declining over 12 months, six months and three months, but there is no trend deterioration. Growth is not getting progressively [...]
- Global| Jul 05 2019
German Factory Orders Shrink-- The Message Is Clear
Germany's factory orders fell by more-than-expected in May. Total orders decreased 2.2% month-on-month in May, in contrast to a 0.4% rise in April. Domestic orders advanced by 0.7%, while foreign orders fell by a large 4.3%. Orders [...]
- Global| Jul 03 2019
Japan's PMIs Hang in There...
Japan's PMI readings in June barely moved. The composite ticks higher. Manufacturing weakens and continues to contract. The services sector does two ticks better than May. The ranking of the sector readings since January 2015 show [...]
- Global| Jul 02 2019
EMU PPI Eases-What's Next?
The EMU PPI fell by 0.2% in May, dropping for the second month in a row. The year-over-year rate dropped sharply to 1.7% from 2.6% largely because May of one year ago had seen the PPI rise by 0.7% month-to-month. Comparisons are going [...]
Manufacturing PMIs globally are weak and are weakening again. We feature a chart on China's manufacturing components since China is so much a part of this story with its involvement in a trade war. As of this month, China's [...]
- Global| Jun 28 2019
EMU Inflation Stabilizes As the Core Shows Some Pressure
EMU inflation rose by 0.1% in June with the core rate rising by 0.2%. Over three months, the pace is muted. Inflation also is muted over six months and 12 months. Headline inflation has no trend, but it is slightly faster-rising over [...]
- Global| Jun 27 2019
EU Commission Indexes Weaken for EMU
The EU commission index for the EMU fell to 103.3 in June; it was last weaker in August 2016 for one month and in 2016 March and April for two months. But it was last persistently weaker than this level from May 2011 through June 2015 [...]
- Global| Jun 26 2019
Consumer Confidence Lags in Large European Economies
German consumer climate has been steadily fading in recent months although continuing to hold to a relatively strong perch based on its overall results since January 2002. Overall German consumer climate is still assessed as strong in [...]
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