PMI data for February show the services sector is firming in the EMU and in three of the four largest EMU members. China shows services sector deterioration and flips the switch on sector weakness and strength. In the EMU, both [...]
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| Mar 05 2019EMU PMIs: Respite from Relentless Deterioration
- Global| Mar 04 2019
Composite PMIs Show Decay Not Collapse
Composite or total economy indexes show pronounced weakness in February when the bottom seems to fall out in China and in Hong Kong as weakness permeates many other countries. However, the picture is still foggy since there are also [...]
- Global| Mar 04 2019
EMU PPI Gains in the Midst of a Downtrend
PPI inflation is on-the-run again in the EMU despite a pick-up in January. This largely stems from falling oil prices as Brent oil prices are falling at a 13% pace over 12 months, at a 36% pace over six months and at a 69% annualized [...]
- Global| Mar 01 2019
Manufacturing PMIs Remain Weak
Interestingly only half of the BRICS show manufacturing sectors that are "sinking like a brick". China and Russia have sectors whose indices are very near the 50 level, a level that marks manufacturing stagnation. They each have queue [...]
- Global| Feb 28 2019
China's MFG Weakens as Geopolitical Realities Settle In
The first of the realities to sink in is that wishing does not make it so... despite an all-out charm offensive by Donald Trump he could not coax Kim Jong Un over from the dark side of the farce. Trump still has his charm offensive [...]
- Global| Feb 27 2019
EU Indices Continue to Weaken but Only Slightly
The EU indices eroded again this month with the EMU aggregate index edging lower to 106.1 in February from 106.3 in January. The overall EMU sentiment gauge sits at the 72nd percentile of its historic queue of data. As for the sector [...]
- Global| Feb 26 2019
German Confidence Is Steady Despite Slowdown, Italy and France Show Stability or Better as Well
In Germany economic expectations have fallen off rather sharply but the German consumer confidence reading continues to hover very close to its all-time high on this gauge. The GFK index is a look-ahead index that is updated through [...]
- Global| Feb 25 2019
Germany: ifo Detail Hints at Coming Stability...
The ifo detail this month comes as the headline indices have more or less paused for a month at low reading levels. As we saw in the advance ifo report business expectations for 6-months ahead stand in their lower 24th percentile, a [...]
- Global| Feb 22 2019
ifo Shows Progressing Economic Weakness in Germany
We present the diffusion readings to summarize the German ifo index. The table also looks at two separate rankings of the ifo results. One ranks the index (diffusion reading) since 2014, the second ranks the standing over a longer [...]
- Global| Feb 21 2019
EMU PMIs Continue to Move Together...Mostly Lower Manufacturing Is Especially Weak
The data rankings since January of 2015 show extremely weak readings for EMU, for Germany, for France and for Japan (MFG). On this time line the Markit manufacturing PMIs has percentile standings at or below their respective medians [...]
- Global| Feb 20 2019
Japan Logs Worst Deficit Since February 2015, As Exports and Imports Plunge
The international growth scourge spreads its wings in January. Japan’s yen based exports fell by 6.6% in January as imports declined by 4.2% driving the trade balance to -Ą370bn. It is the largest monthly deficit since February of [...]
- Global| Feb 19 2019
ZEW Expectations Continue Weak
The ZEW financial experts have weakened their assessment of current economic conditions everywhere except for very minor exception in the US. Current conditions placed in their historic queue of values rank highest in the US at a [...]
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