The Markit Global manufacturing PMI data for August are in. And there is a broad manufacturing slowing in place to which the U.S. is a notable exception. Of the 17 reporting units in the table, nine show month-to-month declines. The [...]
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| Sep 04 2018Manufacturing PMIs Go Their Own Way... at Different Speeds Too
- Global| Aug 31 2018
Japan's IP Edges Lower
Industrial production fell in Japan for the third consecutive month. While the July drop was small, the three-month growth rate shows a sizeable decline in the works. IP in the developing third quarter is falling on a quarter-to-date [...]
- Global| Aug 30 2018
EMU Confidence Slips...Are Policy Risks Rising?
The plot in the chart makes it clear that the slippage in the EU indexes for EMU members is an ongoing phenomenon, not a one-month or two-month bit of variation. This sort of slippage is confirmed as well by the Markit indexes that [...]
- Global| Aug 29 2018
German Confidence Will Continue to Bump Along the Ceiling
The GfK economic index, that looks ahead to preview September for Germany, shows a slight downtick in its consumer gauge. The recent history shows that German confidence has been bumping along its rent ceiling sketching out a [...]
- Global| Aug 28 2018
EMU Monetary Stimulus Is Just Not Taking
As central bankers have been acting, planning and pondering their next move, all of them are on the road or on the tilt to reduced monetary stimulus. The Fed in the U.S. is the farthest along that trail with some 7-notches on its [...]
- Global| Aug 27 2018
German IFO Gauge Rises to 5-Month High
The German IFO index rose to 105.3 in August from 104.6 in July, striking its strongest posture since it logged a value of 105.9 in March. Still, from June 2017 through February 2018, the index had carried readings of 106 or stronger, [...]
- Global| Aug 24 2018
Japan's Inflation Trends Diverge
In July, Japan's headline inflation was up by a strong 0.3% but balanced by a 0.1% gain in the CPI excluding food and energy (core). The headline gain followed a weak 0.1% June rise while the core gain followed an even weaker 0.1% [...]
- Global| Aug 23 2018
EMU Flash PMIs Stabilize
The EMU PMIs have been falling over the last six months, but in August the indexes are stabilizing on very minor technical rebounds. The EMU manufacturing PMI fell to 54.6 in August from 55.1 in July as the services PMI posted a [...]
- Global| Aug 21 2018
U.K. Factory Orders Remain Solid...If Clueless
U.K. order books continue to hold ground, according to the industrial trends survey issued by the Confederation of British Industry (CBI). Their net position slipped in August to 7 from 11 in July and 13 in June. Their August level is [...]
- Global| Aug 20 2018
German PPI Fails to Ring Alarm Bells
Inflation trends in Germany continue to move up toward or to the 2% mark. And 2% is a micro-step over the line to Germans and to the ECB. The German CPI has just got to that mark while the ex-energy CPI continues to pace at a good [...]
- Global| Aug 17 2018
EMU Inflation Picture Gets as Dicey as the Outlook for EMU Policy
The EMU inflation picture has begun to get dicey with headline inflation at or above 2% for two months running and the core rate (excluding food and energy) running at a pace closer to 1%. Even Alice in Wonderland did not have it so [...]
- Global| Aug 16 2018
On The Heels of a German Rebound, U.K. Retail Sales Show Life; Is This Revival or Denial?
U.K. retail sales are advancing and accelerating on the heels of a rebound in sales in Germany. It's an unlikely development as the U.K. faces all sorts of challenges including a program of rate hikes from the BOE, ongoing concerns [...]
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