After two months of relatively deep declines, EMU IP has turned higher. It gained 1% in August over its depressed level of July. However, industrial output still declines on balance over three months and it is falling in the quarter- [...]
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| Oct 12 2018EMU IP Gain Is Unexpectedly Strong
- Global| Oct 11 2018
French Inflation Eases in September But Not Overall
Inflation diffusion is high over three months, six months and 12 months. The diffusion values show that inflation diffusion is well above the ‘neutral’ 50% mark on these horizons. Diffusion counts the number of sectors where inflation [...]
- Global| Oct 10 2018
French and Italian IP Both Gain in August As Italy Grapples with Deep Seated Issues
As the second and third largest economies in the euro area, sharing a border and a currency, France and Italy see their industrial sectors tending to move more or less together over time. The R-squared relationship between Italian [...]
- Global| Oct 09 2018
German Exports and Imports Weaken in August
Trade trends and conditions With exports at 47% of GDP, it is no wonder that Germans watch export performance very closely and worry about even small perturbances to export trends. In August, German exports fell by a tiny 0.1%, but [...]
- Global| Oct 08 2018
OECD Leading Indicators Show Weakness; Developing Area Is Especially Weak
The OECD leading economic indicators (LEIs) show all countries/regions in the top panel below a value of 100 in August except for the United States which stands at a level of 100. Month-to-month only the U.S. and China have improved [...]
- Global| Oct 05 2018
German Orders Rebound But Not Enough to Reinstate a Positive Trend
The graphic on German orders is quite clear. Domestic and foreign order growth saw German firms peaking in late-2017 or early-2018 with domestic orders peaking first. Since then there has been a slowdown in place that has progressed [...]
- Global| Oct 04 2018
Global Services Show Wear and Tear
While attention is riveted on trade wars and manufacturing sector results, the global service sector has been gradually losing momentum. And while it has not slipped by unnoticed, the geopolitical scene is worsening importantly as [...]
- Global| Oct 03 2018
Clear Cyclical Slowing Continues in EMU and Beyond; What Does It Mean?
The EMU manufacturing PMI sketches out a path that is a clear reminder of that old economic adage ‘what goes up must come down.’ It is not clear how long this downshifting will continue or where it will stop. Manufacturing is still in [...]
- Global| Oct 02 2018
EMU PPI Pace Ticks Slightly Lower in August to 4.2% from 4.3%
The EMU PPI has decelerated in August, but it is only a technical deceleration with the year-on-year rate falling to 4.2% from July's 4.3%. Year-on-year PPI inflation remains elevated. While oil price pressures have dissipated, [...]
- Global| Oct 01 2018
U.S. Private Sector Construction Spending Contracts
Construction spending shows weakness up and down the line for the private sector in August. Residential spending is lower by 0.7% and nonresidential spending is lower by 0.2%. Nonresidential spending sees declines in commercial, [...]
- Global| Oct 01 2018
Japan's Tankan Slips for Third Quarter in a Row
The quarterly Tankan Survey is Japan's most important economic assessment. The reading for large manufacturing firms is the bellwether for the report. The large firm index is off for the third quarter running and some are making a lot [...]
- Global| Sep 28 2018
Euro Area HICP Shows Mixed Trends/EU Shows Mixed Up Priorities
I suppose if you are German you look at this chart and see inflation ‘spiraling out of control’ as it tops the pace of 2% in a number of countries, a pace that inflation is supposed to stay below. However, a less dogmatic view on this [...]
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