Germany's industrial production has been oscillating monthly. Output has fallen month-to-month in seven of the last ten months. But IP weakness has been greatest from January to April during this period. As we try to track the impact [...]
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| Aug 07 2018German IP Falls and German Exports Run Flat
- Global| Aug 06 2018
German Orders Drop 4% in June, the Largest Drop Since January 2017
Orders Drop in Five of Last Six Months; Is the Weakness Over Or Is It Just Beginning? Germany’s orders last dropped more than 4% in a month in January 2017. This time a 4% drop in June comes after a 2.6% gain in May. But this is no [...]
- Global| Aug 03 2018
Total PMIs Show Global Slowing
Global services data, released today, make it possible to complete the overall PMI readings for a number of countries. We have 14 reporting entities (I will double-count the largest four euro area economies by including the EU overall [...]
- Global| Aug 02 2018
EMU PPI Is Off to the Races...Chased Exclusively by Oil
On the face of it, the PPI situation in the EMU is looking rather grim. Inflation is at 3.6% year-on-year and over six month. Skipping the two highest and two lowest inflation rates in the table of 13 members, inflation ranges from a [...]
- Global| Aug 01 2018
Uniform Weakness in Manufacturing PMIs As Trade-War Jitters Impact
U.S. President Donald Trump has just been jaw-boning China again, threating 25% tariffs. China has said it would retaliate. We have seen some impact already from trade flows that boosted U.S. Q2 GDP as soybeans were pushed out the [...]
- Global| Jul 31 2018
EMU Early Growth Results Show Slowdown
EMU area GDP slowed in Q2 2018 to an annualized pace of 1.4% from 1.5% in Q1. The year-on-year pace slowed to 2.1% from 2.5% previously. It’s the slowest GDP pace for the euro area since it gained 1.1% in Q2 2016. At this point, there [...]
- Global| Jul 30 2018
EMU Indexes Largely Hold Ground Amid Slow Sag
The EMU indexes, compiled by the European Economic Commission, show still highly elevated rankings by country although there has been very little change amid what has been steady erosion in the overall EMU index since March of this [...]
- Global| Jul 27 2018
Germany's Inflation Shows Mostly Foreign Inflation Sources
Inflation rates are on the rise in Germany almost any way you slice them and almost regardless of which metric you use. Almost… All the trends from one year and in by that I mean the usual horizons in the table from 12-month, six- [...]
- Global| Jul 26 2018
Confidence Mostly Is Slipping in Select European States
Consumer confidence across Europe remains a relative bright spot around midyear. The assessments here range from August for the forward-looking GfK survey for Germany to June for the United Kingdom. The U.K. is still toiling under the [...]
- Global| Jul 25 2018
German IFO Continues to Bend Lower As Activity Slows
IFO Indexes The German IFO survey shows that the three major aggregate gauges: climate, current situation and expectations are all weakening year-over-year. The current situation is having its first year-on-year decline in some time. [...]
- Global| Jul 24 2018
EMU and Other Flash PMIs Are Mostly Weaker; The Great PMI Unwind
It took the EMU manufacturing index 11 months to climb from a diffusion value of 55 up to its peak in December 2017 at 60.6, but then it took only six months to fall to 55 and stay there, now for two months running. In contrast, the [...]
- Global| Jul 23 2018
Monthly Greek Current Account Swings to Surplus
The Greek current account in May swung to surplus, its fourth surplus in the last 12 months. It is the fourth largest monthly current account surplus for Greece back to January 2002. Since that time, the Greek current account has been [...]
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