PMIs in June in the EMU area showed some respite from the steady decline in recent months. Services PMIs showed some recovery as manufacturing has continued to slip. The gain in services has been enough to boost the overall PMI gauge. [...]
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| Jun 22 2018EMU and Japan; EMU Flash PMIs Make Small Recovery
- Global| Jun 21 2018
French Manufacturing Gives Steady Signal As Services Edge Ahead
The French manufacturing sector gives a steady signal in June but at a level that is off-peak. French services tick higher on the month. In general, the French indexes are moving in concert with those from Germany’s IFO index. Europe [...]
- Global| Jun 20 2018
German PPI Sees Pressure, But Core Rate Is Much Less Affected
Germany has a history of being ‘unreasonable’ about inflation. In the interwar period with the development of hyper-inflation, Germans developed a strong aversion to even a whiff of inflation. So Germany, nationally and down to [...]
- Global| Jun 18 2018
Japan's Loses Its Trade Surplus
In May, Japan has logged its second trade deficit in 13 months and only its third in the last 28 months. Technically, the deficit was generated by a 1% drop in exports combined with a 10.6% surge in imports. The yen has been gradually [...]
- Global| Jun 15 2018
EMU Trade Deficit Shrinks
The EMU trade balance shrank in April, stepping back to a surplus of €18.1bln from €19.8 bln in March. One year ago the surplus stood at €20.4 bln. Exports nudged higher in April rising by 0.3% while imports surged by 1.4%. That [...]
- Global| Jun 14 2018
EMU Inflation Falls in Line; ECB Ends Special Stimulus HICP Gains 1.9% Year-on-Year
Back in the high-life again? Inflation in Germany now exceeds the 2% mark. Inflation in the Euro Area at 1.9% is pretty much dead on target. The Euro-index has climbed to target quickly. In February it had sunk to a Year-on-Year [...]
- Global| Jun 13 2018
EMU Production Is Looking Very Weak
Industrial production in EMU is looking very weak. It is fair to say that no matter how you look at it, it is exceptionally weak. In April as well as over three-months there are output declines in all sectors. Of the eleven EMU [...]
- Global| Jun 12 2018
Zew Assessments Take a Hit in June
The Zew experts are decidedly less upbeat than they were. The Zew financial experts assessments still have roughly the same sorts of rankings that had prevailed earlier with strong rankings on current assessments and more pessimism on [...]
- Global| Jun 11 2018
A Souring of UK IP and The Outlook
UK manufacturing sector IP growth fell sharply in April and declined for the third month in a row. Sequential rates of growth for manufacturing IP are getting progressively weaker and in the quarter-to-date (April’s growth positioned [...]
- Global| Jun 08 2018
German IP Follows Orders Lower...Much of Europe Joins Trend
German trends but more broadly European trends are pointing lower. Germany's IP drop is formally listed as ‘unexpected.' But after four months in a row of orders declining one has to wonder why would a drop in output be unexpected [...]
- Global| Jun 07 2018
German Real Orders Drop for Fourth Month in a Row Forget Denmark - What’S Rotten in Germany?
German new orders fell by 2.5% in April marking their fourth straight monthly drop, a highly unusual development. Domestic orders are down in two of the last three months as are foreign orders. Orders growth rates steadily decelerate [...]
- Global| Jun 06 2018
Volatile Spanish Industrial Output Declines in April
The trend for Spain’s industrial output shows ongoing increases since 2014. The headline index for industrial production, the mining sector and the index for all manufacturing show secular deterioration in their respective growth [...]
- of355Go to 127 page