GfK provides a forward-looking peek at German consumer confidence. Its estimate for January sees confidence at the same level as in December at an index reading of 10.4. This reading is in the 91st percentile of all readings since [...]
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| Dec 21 2018GfK Consumer Climate Is Unchanged Month-to-Month
- Global| Dec 20 2018
U.K. Retail Sales Advance on Strong 'Black Friday' Sales, But Weakness Has Not Been Reversed
U.K. retail sales in November were bolstered by solid 'Black Friday' sales as the holiday selling period kicked off. Despite the November jolt in sales that reverses two straight months of declines, U.K. retail sales are still [...]
- Global| Dec 19 2018
Japan's Trade Trends Sour
Japan's trade trends continue to sour with a widening deficit, weakening exports and strong imports. Year-on-year goods exports are only technically rising with a ‘gain' of 0.2% over 12 months, hardly more than zero. Imports of goods, [...]
- Global| Dec 18 2018
German IFO Gauge Is Weaker Than Expected in December
The widely watched German IFO gauge weakened noticeably in December. Most IFO readings deteriorated. The exceptions are easier to denote than listing the ones that obeyed the rule. Construction overall and current conditions were flat [...]
- Global| Dec 17 2018
EMU Trade Shows Some Trade Flow Rebound
Trade flows are rebounding on differing dynamics in the euro area. The aggregate results (see Chart) show year-on-year flows sharply higher in October compared to the previous month's rate of growth. Monthly changes show solid gains [...]
- Global| Dec 13 2018
EMU Inflation Falls Back into Place
The ECB targets inflation of just under 2%. The ECB claims (without any proof that I am sure of…) that inflation that is below but close to 2% allows the economy to reap maximum benefits. This month the HICP is up at 2% or 1.96% if we [...]
- Global| Dec 12 2018
EMU Area IP Is Slowing But Still Growing; IP Makes Modest Rebound
EMU IP (total excluding construction) gained 0.2% in October after a 0.6% decrease in September. However, IP had gained strongly in August and that has helped to drive the three-month rate of growth to a 3.5% annual pace and to [...]
- Global| Dec 11 2018
ZEW Assessments Shift and Weaken in December
The 'text' table below summarizes the shifts in the ZEW assessments for December. Presented in this from with the magnitudes stripped out the month-to-month change in the assessments is starkly clear. • The economic situation has [...]
- Global| Dec 10 2018
OECD LEIs Point to Weakness
OECD LEIs point to weakness ahead for the OECD area as well as separately for the OECD seven largest economies, the euro area, and the United States. All LEI metrics declined in October as well as over three months, six months and 12 [...]
- Global| Dec 07 2018
German IP Takes Surprising October Slip
Germany's industrial production slowed to a gain of only 0.1% in September then dropped by 0.5% in October. The string of growth rates from 12-months to six-months to three-months also trace a legacy of losing as the 12-month gain is [...]
- Global| Dec 06 2018
German Orders Tick Higher in October; Trend Still Weak
Germany's factory orders in October rose instead of falling as expected, but the gain was only of 0.3% and it reflected widely different results on domestic vs. international orders. Foreign orders rose by 2.9% in October while [...]
- Global| Nov 28 2018
Little Changed in Paths of EMU Money or Credit
Globally, money supplies are decelerating to some extent with nominal M2 growth in the EMU a minor exception. All money growth rates decelerate from three-years to two-years to one-year. Only the U.K. and EMU have stronger growth over [...]
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