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, [...]
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 01 2018U.S. Private Sector Construction Spending Contracts
- 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 [...]
- Global| Sep 27 2018
EU Indexes Continue to Shed Strength As Money and Credit Growth Wane
EU Commission indexes fell to 110.9 in September from 111.6 in August. Among the 18 early reporting EMU nations, 10 showed month-to-month declines in their sentiment indexes including each one of the largest four economies. ‘Big four' [...]
- Global| Sep 27 2018
U.S. Durable Goods Orders Jump in August But It's Almost All Due to Aircraft
Chart shows a steady expansion in activity excluding transportation Orders gain 4.5% month-to-month in August, but excluding the transportation sector new orders rise by just 0.1% with shipments up a skinny 0.2%. Turning to shipments [...]
- Global| Sep 26 2018
U.K. Distributive Trades Survey Shows Mixed-to-Firm Conditions
The U.K. distributive trades survey shows mixed performance in September within retailing and within wholesaling as well as between the two sectors. Analysis of this dual-sector two-horizon report is somewhat complicated. U.K. [...]
- Global| Sep 25 2018
French Manufacturing Takes a Sizable Step Back
France's INSEE manufacturing survey fell sharply as the headline climate index shed the better part of three points dropping to 107.0 in September from 109.7 in August. The index has fallen more sharply than this less than 20% of the [...]
- Global| Sep 24 2018
German IFO Index Marks Time
The German IFO Institute index has gone sideways in September. The basic indexes that are plotted in the chart show that climate is unchanged at an index value of 105.3. The current situation is slightly weaker on a reading of 108.2, [...]
- Global| Sep 21 2018
EMU Sinks on New Flash PMI Readings
EMU PMIs soar then sink The EMU PMI sank to its cyclical low in mid-2016 then hit its cycle higher in 2018 as it ran up 5.9 points to its cycle high. In September 2018, the index has fallen back shedding 4.4 points from its peak and [...]
- Global| Sep 19 2018
UK Inflation Perks Up Unexpectedly
The UK inflation rate rose unexpectedly in August headline inflation zoomed to a 2.7% annual rate, up from 2.5% just last month. The rise in inflation was unexpected. Core inflation lags the release of headline inflation. Core [...]
- Global| Sep 18 2018
Canadian Factory Sector Looks Solid
Canadian factory orders fell for the second month in a row in July but because of an order surge back in May the three-month growth rate continues to record a solid 6.4% rate of growth. Unfilled orders were flat in July but had risen [...]
- Global| Sep 17 2018
British Chamber of Commerce Cuts Forecasts
The British Chamber of Commerce (BCC) today announced cutting its outlook for the UK economy. It seems to be more pessimistic than it was in the second quarter when the (above) survey was conducted. At that time the various survey [...]
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