ZEW survey expectations curled higher this month but continued to stake out very weak readings. The average ZEW expectation change (unweighted) for the seven countries/regions in the table is a rise of 9.6 points. Even so, the average [...]
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 19 2019ZEW's Global Assessments Remain Weak
- Global| Mar 18 2019
EMU Trade Surplus Expands on Weak Import Rise
In the EMU, both import and export gains were modest in January. Imports rose by just 0.3% while exports gained 0.8%, expanding the monthly surplus in January to 17.04 billion euros from 16.02 billion euros in December. The surplus [...]
- Global| Mar 15 2019
EMU Inflation Trends Are Still Weak
Headline: The EMU HICP for February gained 0.1%, the same as in January, after a 0.2% decline in December. These price trends signal that moderation remains the name of the game. Inflation is decelerating from an already modest 1.5% [...]
- Global| Mar 13 2019
EMU IP Gains in January; EMU and Global Trends Still Sour
The EMU rebound in IP is touted as stronger than expected with a 1.4% rise in January, compared to an expected 1% increase. Fair enough. But as surprises go, this one does not take you anywhere since the trend lower is still well [...]
- Global| Mar 12 2019
U.K. IP Struggles to Advance
Manufacturing output in the U.K. rose by 0.8% in January after a 0.7% decrease in December and a 0.1% slip in November. On balance, these shifts leave IP with no growth over the last three months. That is an improvement on its six- [...]
- Global| Mar 11 2019
German IP Is Much Weaker Than IP for Most of Europe
Germany shows a 0.8% drop in industrial production (-1.1% for manufacturing) in January. It shows declines over three months, six months and 12 months at rates of decline that are getting progressively larger. Output for German [...]
- Global| Mar 08 2019
German Orders Decline Again
In what has proved to be a ravaging week for markets and for the global economy and many individual forecasts, the German industrial orders series is at risk of getting a 15-yard penalty for piling on. German industrial orders fell by [...]
- Global| Mar 07 2019
Italian Retail Sales Show Lifeless Bounce While Italy Shows Bounce-Less Life As the ECB Re-thinks the Future
Italian retail sales jumped 0.5% in January, a strong-looking gain made less so by the recognition that sales also fell by -0.6% in December. Expressed in real terms, Italian sales log a 0.6% rise in January against a drop of 'only' [...]
- Global| Mar 06 2019
Canadian Trade Deficit Widens and Bank of Canada Waits
With the Bank of Canada's interest rate decision hanging in the balance, Canada released its trade data for December. In the event, the Bank of Canada has left its key rate unchanged at 1.75%. The trade data echo a theme that has been [...]
- Global| Mar 05 2019
EMU PMIs: Respite from Relentless Deterioration
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 [...]
- 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 [...]
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