Italy's industrial production gained 0.5% in July after a 0.8% increase in June. It also advanced 0.9% in May. IP has advanced strongly for three straight months as well as in five of the last six months. Growth rates by sector are [...]
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 11 2017Italian IP Makes Strong Ongoing Gains in July As PMI Warns of a Slowing
- Global| Sep 08 2017
Japan's Surplus Hovers As Trends Steady
Japan's trade surplus continues to log positive readings and sports a higher reading at 337 billion yen in July, up from 87 billion yen in June. The surplus is the highest since February and about double the values posted from March [...]
- Global| Sep 07 2017
German IP Comes Up Flat One Month After Falling; German Output Trend Cools
Germany's industrial production was flat in July after a 1.1% decline in June. These results followed a series of five months during which German output expanded strongly at a 12% annual rate. With the slowing in the past several [...]
- Global| Sep 06 2017
German Orders Register a Surprise Setback in July
Germany's orders fell 0.7% m/m in July after a strong gain in each of the previous two months. The decline in orders was not anticipated because by all accounts German manufacturing has been doing pretty well. The PMI gauge, the ZEW [...]
- Global| Sep 05 2017
EMU Services Sector Continues to Pull Back
The service sector PMIs for the largest EU and EMU members took a step back in August everywhere but in Germany. But unlike many measures where Germany is the exception, and is so because it is so much stronger than the rest of [...]
- Global| Sep 01 2017
U.S. Construction Spending Erodes in July
Construction spending fell 0.6% in July with private spending falling 0.4% and public spending dropping 1.4%. Within the private sector, residential spending continued to expand, gaining 0.8% in the month while nonresidential spending [...]
- Global| Sep 01 2017
U.S. ISM Manufacturing Jumps in August
The ISM manufacturing index moved up sharply to 58.8 in August from 56.3 in July. The regional Fed manufacturing surveys have been very strong and are fully consistent with this result. This month was unusual as the U.S. employment [...]
- Global| Sep 01 2017
Japan's Manufacturing PMI Ticks Higher in August
Japan's manufacturing diffusion PMI gains to 52.2 in August from 52.1 in July. The manufacturing sector is showing growth, but it has no momentum. As it turns out, that is a theme for early PMI reports in Asia. The August reading is a [...]
- Global| Aug 31 2017
EMU Unemployment Rate Steadies Employment Growth Rates in U.S., Germany and EMU Converge
Unemployment in the EMU area was unchanged at 9.1% in July. However, the number unemployed rose by 0.5%, a sharp difference from June's 0.9% decline. Still, unemployment rates are unaffected for the region as a whole. But 10 of the [...]
- Global| Aug 30 2017
EMU Indexes Continue to Advance As Italy Joins the Parade
Perhaps the most surprising development this month is the sharp improvement in Italy's index. The overall EMU sentiment reading rose to 111.9 in August from 111.3 in July (a gain of 0.5%). The Italian gauge jumped by 3.4%, the second [...]
- Global| Aug 29 2017
German Confidence Leads a Happy Europe
Good times in the euro area The GfK survey somehow magically surveys (projects) German confidence for the month ahead. The reading for September has ticked up from its August level to reach a new high in the series (it dates from [...]
- Global| Aug 28 2017
EMU Money Supply Is Flat and Credit Growth Is Off Peak
In the wake of the Federal Reserve's monetary conclave in the wilds of Jackson Hole Wyoming (albeit 'wilds' with room service), we find that global monetary conditions remain as they have been. This, of course, is not surprising since [...]
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