Inflation in the EMU, in its largest economies, and in the U.K., remains subdued. While French headline inflation is still right at its most acceptable level at a 1.9% pace, its progressive growth rates make it clear that it is [...]
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 16 2019EMU Inflation Pokes Above 2% Then Dives
- Global| Jan 16 2019
EMU Inflation Pokes Above 2% Then Dives
Inflation in the EMU, in its largest economies, and in the U.K., remains subdued. While French headline inflation is still right at its most acceptable level at a 1.9% pace, its progressive growth rates make it clear that it is [...]
- Global| Jan 15 2019
EMU Trade Balance Stays Stubbornly Large
The EMU trade balance widened to 15.1 billion euros in November from 13.5 billion euros in October. The November figure is above its three-month average (13.8 billion euros) but below its 12-month average (16.6 billion euros). [...]
- Global| Jan 14 2019
Manufacturing PMI Weakens in Europe While IP Collapses
IP in context Industrial output in the EMU has just made its sharpest year-on-year drop in over five and one half years (when IP was engaged in a string of 20 straight months of year-on-year IP declines). The one-month drop of 1.7% is [...]
- Global| Jan 11 2019
EMU IP Trends Turn Lower
The aggregated sector EMU totals for industrial production are not yet in, but there is a considerable country detail available and that shows widespread EMU weakness. Of the 11 EMU countries whose data are contained in the table, [...]
- Global| Jan 10 2019
French IP Weakens as PMI Dips Below Neutral
The thrill is gone in France. In 2017, French manufacturing did exceptionally well, but it lost steam gradually in 2018 and at end-2018 the momentum is gone and output in manufacturing is falling for the third consecutive month. The [...]
- Global| Jan 09 2019
Confidences Take a Hit in France as Yellow Vested Interests Prevail
Household confidence in France fell to 87 in December from 91 in November. That leaves confidence at a rank standing in its 15.9 percentile on data back to 1990. All the readings deteriorated in the month or were unchanged. The only [...]
German IP moves lower and faster than its diffusion reading German output is falling over 12 months; however, on a diffusion basis, the German reading in November is 51.8, pointing to ongoing expansion. This creates some dissonance [...]
- Global| Jan 07 2019
German Real Orders Continue to Slither Slower As Retail Sales Perk Up
Germany's real orders and real sales by sector are either falling or decelerating or both on a broad front in November. Of nine growth rates for total orders, foreign orders, and domestic orders over three months, six months and 12 [...]
- Global| Jan 04 2019
U.K. PMIs Point to Subdued Growth
The U.K. PMIs from Markit/CIPS continued to point to a relatively subdued path for growth ahead. The composite PMI is at a moderate reading of 51.4 in December, up from 50.8 in November. However, evaluated since January 2014, the 51.4 [...]
- Global| Jan 03 2019
Does one Rotten Apple Spoil the Bunch?
The story of an ongoing slowdown for global growth is not news. It is, in fact, the baseline case for most forecasts for 2019. Most of the special-case stories in play as the New Year unfolds (or unravels as the case may be) are about [...]
- Global| Jan 02 2019
Asian Manufacturing Shows Slowing
Asia manufacturing PMIs continue weak in data reported in the New Year that are up-to-date through December 2018. The rank standing data are very mixed with China logging a very low 2.9 percentile standing and Malaysia on an all-time [...]
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