The average ZEW assessment of economic conditions slid by five points in November. Economic expectations on average were lower by 3.3 points. Inflation expectations were lower by 6.3 points while short- and long-term rate expectations [...]
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 2018ZEW Experts Cut Assessments and Trim Expectations
- Global| Nov 12 2018
Swing Lower OECD Chariot...Carrying Me Where?
The OECD area shows barely or below normal growth readings (indexes at or below 100) for all countries and regions in the top of Table 1 since June. Six months ago, three countries or regions had readings at or above 100 (the whole of [...]
- Global| Nov 09 2018
French IP Backtracks and Falls Year-over-Year
French industrial production (IP) fell by 2.1% in September. It is the largest monthly percentage drop since March 2016. France now shows declines in manufacturing IP over 12 months, six months and three months. The annualized [...]
- Global| Nov 08 2018
Is the German Trade Surplus on a Sustainable Path Lower?
Germany's exports have lost momentum as one year ago their pace was 9.6% while now their 12-month gain is only 1.8%. Exports are decelerating over six months to a pace that is flat and they are falling at a 5.4% annualized rate over [...]
- Global| Nov 07 2018
German IP Advances at Slow Pace...Maybe
Germany's industrial production rose by 0.2% in September as manufacturing output was flat. Overall IP gained 0.8% over 12 months while manufacturing gained only 0.2%. Still, IP is growing and the PMI signal from the Markit gauge is [...]
- Global| Nov 06 2018
German Orders Barely Edge Higher and Rise for Two Consecutive Months
German (real seasonally adjusted) orders rose by 0.3% in September after a 2.5% gain in August. Orders rose for two months in a row for the first time since December when orders completed a run of five consecutive increases. January [...]
- Global| Nov 05 2018
U.K. Manufacturing and Services Lose Momentum
U.K. manufacturing has been losing momentum from late 2017. The services sector has fluctuated in a relatively narrow range since late 2016 with a minor eroding trend. In October, the composite index backtracked to 52.1 from 54.1, a [...]
- Global| Nov 02 2018
Euro Area Manufacturing Loses Steam
Euro area manufacturing is turning lower while the Markit reading for the U.S. turns higher. The Market manufacturing PMI for Europe fell to 52.0 in October while the U.S. Markit reading rose to 55.6 from 54.7. The more closely [...]
- Global| Nov 01 2018
Global Manufacturing PMIs Weaken
Global manufacturing PMIs mostly weakened in October as 10 of 17 reporting countries/regions were weaker on the month. That followed a month in which 11 of 17 weakened and the monthly before when 9 of 17 weakened. Over the last three [...]
- Global| Oct 31 2018
China’s Manufacturing Stumbles More Than Expected
China’s manufacturing PMI fell for the second month in a row, clinging to a value barely in the zone that signals that output is expanding (PMI values above 50). China’s manufacturing PMI has not had a reading as strong as 52 since [...]
- Global| Oct 30 2018
Japan Logs Another Trade Deficit/Early GDP Reporters Disappoint
Japan's trade deficit widened in September. This makes three deficits in a row and four deficits in the past five months. Japan's trade situation is not helping to support domestic growth. Exports are up by 1.2% over 12 months and are [...]
- Global| Oct 29 2018
Japan's Retail Sales Turn Choppy and Fall in September
Even Japan’s three-month growth rate series shows exceptionally choppy retail sales performance (see Chart). Year-over-year sales creep higher. Six-month trends show robust gains. The truth of trend lies buried somewhere in these very [...]
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