Euro area manufacturing is turning lower while the Markit reading for the U.S. turns higher. The Market manufacturing PMI for Europe fell to 52.0 in October while the U.S. Markit reading rose to 55.6 from 54.7. The more closely [...]
Introducing
Robert Brusca
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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| Nov 02 2018Euro Area Manufacturing Loses Steam
- Global| Nov 01 2018
Global Manufacturing PMIs Weaken
Global manufacturing PMIs mostly weakened in October as 10 of 17 reporting countries/regions were weaker on the month. That followed a month in which 11 of 17 weakened and the monthly before when 9 of 17 weakened. Over the last three [...]
- Global| Oct 31 2018
China’s Manufacturing Stumbles More Than Expected
China’s manufacturing PMI fell for the second month in a row, clinging to a value barely in the zone that signals that output is expanding (PMI values above 50). China’s manufacturing PMI has not had a reading as strong as 52 since [...]
- Global| Oct 30 2018
Japan Logs Another Trade Deficit/Early GDP Reporters Disappoint
Japan's trade deficit widened in September. This makes three deficits in a row and four deficits in the past five months. Japan's trade situation is not helping to support domestic growth. Exports are up by 1.2% over 12 months and are [...]
- Global| Oct 29 2018
Japan's Retail Sales Turn Choppy and Fall in September
Even Japan’s three-month growth rate series shows exceptionally choppy retail sales performance (see Chart). Year-over-year sales creep higher. Six-month trends show robust gains. The truth of trend lies buried somewhere in these very [...]
- Global| Oct 26 2018
The Day the Earth Stood Still – or Europe, Anyway
No, science fiction has not come to economics. The earth is not standing still; it just seems so to some... Over the last four months back to August, German economic climate has hardly changed. Confidence in Italy is stuck for the [...]
- Global| Oct 25 2018
German Assessment: Current Conditions Flatten As Expectations Lag
The German IFO reading for October shows that the climate reading steps back to 18.7 from September's 21.3. The index has a standing at its 89.9 percentile at the border of the top 10% in its queue of historic readings. Clearly, [...]
- Global| Oct 24 2018
EMU PMIs Continue to Unwind and the EU Unravels
The EMU region has continued to expand in October, but the composite PMI reading has logged its weakest reading since September 2016 with both manufacturing and services on lows that are their worst on about that same timeline. [...]
- Global| Oct 23 2018
German PPI Makes Sharp Gain on Rising Energy Costs
The German PPI rose by a strong 0.6% in September, but the PPI excluding energy gained just 0.1%. The sequential inflation forces over shorter horizons show more pressure for headline PPI and CPI measures while the ex-energy measures [...]
- Global| Oct 22 2018
Japan's METI Sector Indexes Rebound But Still Lag
Japan's economy continues to fight for revival. In August, the METI all-sector index has revived, rising to 105.7 from 105.2, but it had fallen in June and July and is still below its May level of 106.4. The index is up on its reading [...]
- Global| Oct 19 2018
Canadian Retail Sales Weaken As Inflation Slows
Canada's retail sales show relatively widespread deceleration. The headline shows growth one year ago at 7.3%, down to 3.6% over the most recent 12 months, dropping further to a pace of 2.2% over six months, and contracting over three [...]
- Global| Oct 18 2018
U.K. Retail Sales: Doing Well-As-Can-Be-Expected Despite September Drop
The U.K. is being buffeted by many forces these days. But the pummeling it is taking over Brexit is surely the number one feature being watched by the U.K. consumer/worker/citizen. Still, U.K. retail sales and growth have all held up [...]
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