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 [...]
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 28 2017EU Commission Indices Continue Their Strong Run in EMU
- 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 [...]
- Global| Sep 22 2017
EMU PMIs: Manufacturing Pushes Higher As Service Sector Languishes
Based on the last five and one-half years of data, the EMU region is doing excellently. The EMU region overall and its two largest economies show composite rankings in the mid-to-high 90th percentile of their historic queues of data [...]
- Global| Sep 21 2017
Japan's All-Industry Index (METI) Backs Off In July; Global Policy Conundrums Continue
The data facts Japan's index for all industries, which has separate components for industry, construction, and services (the tertiary sector), showed a slight downtick in July as it fell to 105.0 from June's 105.1. The construction [...]
- Global| Sep 20 2017
UK Sales Volumes Hold Ground-What Does That Mean?; Expected Orders Improve But Do Not Impress
With the Bank of England having met and put markets on notice that at some point rates would go up and with BOE Governor Mark Carney being outspoken about how Brexit will not be good for U.K. growth, many are simply holding their [...]
- Global| Sep 19 2017
ZEW Survey for September - Kick the Can
The ZEW survey of macroeconomic conditions shows little change between August and September. Four regions are slightly weaker and three are slightly stronger. However, the queue standings of the readings are uniformly firm to high [...]
- Global| Sep 18 2017
HICP Gains 0.2% in August and Flies Under Target
U.S. PCE and EMU HICP track similar trends Inflation continues to bedevil central banks. In the EMU, the latest harmonized index of consumer prices (HICP) runs at 1.5%, still below its target of a 'little less than 2%.' The core HICP [...]
- Global| Sep 15 2017
EMU Trade Trends Cool; EMU Surplus Recedes
Despite its herky-jerky behavior, the EMU trade surplus is clearly in a declining phase. The surplus is at 18.6 billion euros in July, down from 21.7 billion euros in June and well below its 2016 average of 22.1 billion euros per [...]
- Global| Sep 14 2017
European Car Registrations Pick Up in August
After falling for two months in a row, European car registrations sprang back strongly to gain 11.9% month-to-month in August. Still, the drops in the previous two months dominate the trend as the three-month (annualized) growth rate [...]
- Global| Sep 13 2017
EMU IP Ticks Higher and Holds to Solid Growth Path
EMU industrial production growth is in a range of 2.7% to 3.4% on its sequential annualized growth rates over three months to six months to 12 months; that is a pretty solid habitat. For manufacturing, the range is 3.3% to 3.9%, even [...]
- Global| Sep 12 2017
U.K. Inflation Moves Even Higher
The U.K. CPIH inflation rate rose by to 2.7% over 12 months from 2.5% last month. The HICP headline rose to 2.9% from 2.6% last month. The CPIH also gained 0.2% in August with the ex-energy rate up to 0.3%. HICP U.K. inflation gained [...]
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