German industrial orders fell for the second month in a row. The drop produced the second substantial drop in a row for foreign orders as well with declines of 2.3% m/m in both December and November. Domestic orders fell by 0.6% in [...]
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| Feb 06 2019German Orders Decline for the Second Month in a Row
- Global| Feb 05 2019
Is the 'New Normal' Simply Substandard? Or Are Trade Wars to Blame?
The beat goes on…only it is much fainter than it has been, sort of like Sonny without Cher. Growth does remain in gear, but it is some of the weakest we have seen in the last four years and that is what the rank/queue standings in the [...]
- Global| Feb 04 2019
EMU Sentix Index Dives As Inflation Implodes
The Sentix economic expectations continue to languish. The index is hovering in its lowest levels since 2012 as the ECB begins to remove its 'special sauce.' Europe has been showing much weaker signals on economic activity recently. [...]
- Global| Feb 01 2019
The Global Manufacturing Slowdown Remains in Force
Only six of the 17 manufacturing PMI readings in the table did not weaken in January, reflecting a broad tendency of manufacturing conditions to ease in the month. In January, five countries saw improvement and one was unchanged. [...]
- Global| Jan 31 2019
China's MFG PMI Continues to Contract as EMU Weakens; China's MFG Does Not Worsen in January
The China manufacturing PMI continues to be weak; it signals contraction in January albeit at a pace ever so slightly improved compared to December. It marks the first back-to-back PMI readings below 50 since January-February of 2016. [...]
- Global| Jan 30 2019
EU Index for EMU Falls to 2-Year Low
The January readings for the EMU on the EU Commission indexes show ongoing weakness. The overall EU index now resides in the 72nd percentile of its historic queue of data, a reasonably firm and comfortable reading but not an [...]
- Global| Jan 29 2019
French Confidence Logs a Long-Awaited Bounce
After forming a spike top in confidence in June 2017, French household confidence in the INSEE survey has been on a downswing. This month’s five-point rise in the index to 91 from a low of 86 (the weakest reading since October 2014) [...]
- Global| Jan 28 2019
EMU Money and Credit Growth Move Mostly Sideways
Nominal money and credit flows in the EMU show mostly flat rates of growth over the last three years as well as for the progressive rates within the past year. Credit growth shows some tendency to faster rates of growth but only if [...]
- Global| Jan 25 2019
German IFO Shows Slippage in Conditions and Expectations
IFO chart plots index numbers, not diffusion values Germany's IFO shows a stark drop off in expectations. Unlike the ZEW survey where expectations were weak but did improve on the month, expectations fell sharply in January in the IFO [...]
- Global| Jan 24 2019
EMU PMI Readings Scrape 66-Month Low
The EMU PMI composite index is at a 66-month low. The EMU diffusion reading, as well as each sector reading for manufacturing and services, has a value of 50 plus ‘change’. A value of 50 in diffusion terms marks a sector as dead in [...]
- Global| Jan 23 2019
Japan Logs Another Trade Deficit
Trade headlines Japan logged a deficit on its trade account of 184 billion yen in Decmber, its sixth deficit in a row and seventh in the last eight months. As the averages show, Japan's trade position has been in deficit over 12 [...]
- Global| Jan 22 2019
ZEW Assessments Almost Universally Fall...Almost...
The ZEW indexes each month center on Germany where the survey occurs and where the financial experts reside. The focus is on Germany's economy but also with a global outlook. We have shifted our attention to monitor the global outlook [...]
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