The German trade surplus, once looking like it was diminishing, is now riding a seven-month trend to high values. The surplus on the trade account in June is only marginally higher than in February of this year and was last this large [...]
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| Aug 08 2017German Trade Surplus Is Back on a Growth Trend
- Global| Aug 07 2017
German IP Takes a Step Backward As the German Profile Turns to One of Solid If More Moderate Growth
Germany's industrial production took an unexpected step lower in June, but its upward thrust is still in place with only the sense of relentless momentum diminished. German IP is now up by 2.5% over 12 months, at a 7.7% pace over six [...]
- Global| Aug 04 2017
German Orders Make Second Strong Monthly Gain in a Row As the Domestic and Foreign Trends Diverge
In June, German domestic orders rode to the rescue. Domestic orders jumped by 5.1% month-to-month in June after sinking by 1.9% in May and after creeping ahead by only 0.1% in April. The gain has boosted domestic orders to an [...]
- Global| Aug 03 2017
EMU Retail Sales Show Acceleration
Euro area retail sales volume rose for the second month running in June, gaining 0.5% month-to-month in the wake of a 0.4% month-to-month rise in May. Total euro area retail sales volume is up at a 3.5% pace over three months, just a [...]
- Global| Aug 02 2017
Euro Area PPI Shows Broad Based Weakness...Sort of
The year-on-year inflation rate has been pushed up in recent months for all three main PPI components as well as for the headline. Yet, year-over-year inflation for most countries peaked in the early months of 2017. From one year and [...]
- Global| Aug 01 2017
Manufacturing PMIs Gain Some Traction in July But Also Show Divergences
The PMI readings for manufacturing in July are solid or rising in the countries whose economic leadership matters most. In Asia, China's manufacturing gauge is up to 51.1 in July from 50.4 in June. While Japan's gauge is lower, it is [...]
- Global| Jul 31 2017
Unemployment Drops Are Widespread and Persistent in EMU
Unemployment in the EMU area fell in June and fell across a very broad front. Of the ten original EMU members that report June unemployment levels in this table, seven show unemployment declines in June, with none showing increases [...]
- Global| Jul 28 2017
U.K. Consumer Confidence Sinks Again
The context for understanding U.K. confidence As the chart documents, U.K. consumer confidence has been through a roller coaster. It bottomed in 2008 then jumped in 2009. It then went into a long slide that ended in 2011. Confidence [...]
- Global| Jul 27 2017
EMU Money and Credit Growth Rates Remain Listless
Globally only the UK growth rate for money is accelerating; Central bank communication requires a code book EMU M2 money supply growth ticked higher in June as the year-on-year growth rate moved up to 5.1% from 4.9% where it has [...]
- Global| Jul 26 2017
INSEE Industrial and Services Climate Readings Flat-Line
The French industrial climate gauge has barely moved over the last four months. The gauge sits at a relatively elevated level at the 84th percentile of its ranked queue of data since 2001 (or 89th percentile since 1990). The [...]
- Global| Jul 25 2017
German IFO Is Stunning, But Is It Right? What Does It Mean?
Positioned in its various arrays of data since 1991, the German IFO index and its principle components show the all-sector reading at its historic high (since 1991), manufacturing at its historic high and construction at its historic [...]
New data but not much change The main story about the EMU PMIs this month is still plain vanilla. The message is that PMI readings are still strong in the EMU. The overall gauge did weaken on a softer manufacturing sector as the [...]
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