Back to normal? The German economy is, in some sense, back to normal even as it does excessively well! From mid-2015 through early-2017, the highest diffusion reading has been in wholesaling. But in March 2017, the raw diffusion score [...]
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 25 2017German IFO Survey Continues with Exceptional Readings
- Global| Oct 24 2017
EMU Manufacturing Is Off to the Races While Services Lag
The EMU composite index fell back to 55.9 in October from 56.7 in September. The reading is still strong and it's the sixth highest composite score for the EMU since January 2012. The reading, the result of a manufacturing gauge that [...]
- Global| Oct 23 2017
U.K. Industrial Situation Deteriorates
U.K. orders fell to -2 in October from a level of 7 in September, dropping into negative territory (the number of firms saying orders are expanding is lower than the number that is saying orders are contracting). But the -2 reading is [...]
- Global| Oct 20 2017
Five-Month High for German PPI; Is Inflation or Trouble Brewing?
In the short run, oil prices drive a lot of the changes in Germany's PPI. Over the past three months, Brent prices have been steady rising and that has passed on an impact for rising prices to the PPI. While the German headline PPI is [...]
- Global| Oct 19 2017
Japan's Trade Surplus Erodes Slightly As Nominal Imports Outpace Exports
Japan ran its 24th consecutive surplus on its trade account in September. The three-month moving average of the trade balance is beginning to recover after hovering in the 300 billion yen to 359 billion yen range from mid-2016 to [...]
- Global| Oct 18 2017
U.K. Unemployment Rate and Claimant Count Drop As BOE Prepared to an Uncertain Future
U.K. unemployment statistics have been pointing to labor market strength for some time. There are various measures of labor market conditions, ranging from several unemployment rate definitions to the claimant count. According to all [...]
- Global| Oct 17 2017
Germany Has Become the High Inflation Country in EMU
German inflation year-to-date is at 1.8%. Among the original EMU members, that pace is exceeded only by Austria at 2.3%, Belgium and Luxembourg each at 2%, and Spain at 1.9%. Seven other of the original EMU member countries plus [...]
- Global| Oct 16 2017
EMU Trade Surplus Widens
Imports continue to grow faster than exports in the EMU which has been the case since late-2016. Yet, the surplus is barely changed from 12 months ago. The greater import (compared to export) growth tends to drive the surplus lower [...]
- Global| Oct 13 2017
British Chamber of Commerce Survey Shows Manufacturing/Service Sector Divide
The British Chamber of Commerce quarterly survey features separate readings on the manufacturing and service sectors. We feature the manufacturing and services data in the table but the chart only the manufacturing data. If I use [...]
- Global| Oct 12 2017
EMU Area IP Jumps
Euro area industrial production is jumping in August as its 1.4% gain is the largest one-month spurt since November last year when it gained 1.6% in one month. Manufacturing growth is up by 1.7% in August and up at a 5.9% annual rate [...]
- Global| Oct 11 2017
Japan's Core Orders Surge As Sector Growth Plods Ahead
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 [...]
- 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 [...]
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