Japan's machinery and core order series both expanded sharply in August. Both series show gathering momentum as Japan continues to post better than expected growth metrics despite still lagging inflation performance. Total and core [...]
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 11 2017Japan's Core Orders Surge As Sector Growth Plods Ahead
- Global| Oct 10 2017
German Exports Rise Strongly But Show Little Real Momentum
Neither German exports nor imports are surging, but exports have a very strong one-month gain in August after a very mild rise in July. Year-on-year exports have decelerated compared to the pace of growth in the same month of one year [...]
- Global| Oct 09 2017
German IP Makes Strong Rebound
Germany's industrial production rebounded strongly, gaining 2.6% m/m in August after falling in each of the previous two months. Capital goods output was especially strong, rising by 4.8% in August after falling for two straight [...]
- Global| Oct 06 2017
German Orders Jump in August But Only for German Joy
The overview Although German orders are plagued by volatility and both headline and total orders fell in July, the surge in August orders of 3.6% based on strong domestic-sourced and foreign-sourced demand confirms that order trends [...]
- Global| Oct 05 2017
Global Services Sector Shows Growth But Erratic Momentum
Globally, service sector metrics show continued growth. All countries/regions (hereafter, I will simply reference 'countries' with no change in meaning) show service sector diffusion readings above 50, indicating expansion. I evaluate [...]
- Global| Oct 04 2017
PMIs Pick Up As Asia Continues to Lag; European Manufacturing Gauges Show Same Distortions As in the U.S.
The table chronicles the various composite manufacturing and services PMIs offered by Markit (we use Markit readings for the U.S. here except in the left chart). The EMU and U.S. readings are on a strong rise, but those gains may not [...]
- Global| Oct 03 2017
EMU PPI Accelerates In August...But Does It Matter?
The EMU PPI is accelerating in August. But its 0.6% gain follows a 0.1% drop in July. The PPI continues to be volatile. Its trend is hard to nail down. And gyrating oil prices have great impact on the path of the PPI. The unrelenting [...]
- Global| Oct 02 2017
Japan's Tankan Marks 10-Year High Reading
The Tankan assessment Japan's Tankan survey turned out much stronger than expected. The closely-watched manufacturing gauge for large enterprises in Q3 soared to a reading of 22, up from 17 in Q2 which in turn had risen from 12 in Q1. [...]
- Global| Sep 29 2017
HICP Inflation Keeps Toothpaste in the Tube but Begins to Show Divergences
EMU gained only 0.1% in September and the year-on-year pace accelerated slightly to 1.6% from 1.5%. The core, however, rose by 0.1% and logged a drop in its year-on-year pace to 1.2% from 1.3% previously. On this report the ECB does [...]
- Global| Sep 28 2017
EU Commission Indices Continue Their Strong Run in EMU
The EU Commission Index for all of EMU gained more than a full point to stand at 113.0 in September up from 111.9 in August. The reading marks a 92.0 percentile standing for the index a reading that has been thigh historically only [...]
- Global| Sep 26 2017
French Biz Climate Edges Lower Stays High-Valued
French business climate edged lower in September but is still a very high-valued reading. At 100.3 it is down from 110.8 in August but the standing is still at its 84th percentile, higher historically only 16% of the time. The recent [...]
- Global| Sep 25 2017
Germany IFO Survey Edges Lower... but Remains Very Strong
The IFO business situation diffusion index backed off to 35.1 in September from 37.1 in August. Expressed in index terms it fell to 115.2 in September from 115.9 in August. Any way you slice it, the survey shows some weakening in the [...]
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