Germany's industrial production is up by 1.2% month-to-month in May after a 0.7% gain in April. The three-month growth rate at 8.5% annualized is a part of a sequential acceleration from 12-month to six-month to three-month. [...]
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| Jul 07 2017German IP Looks Very Strong; Output Growth Ramps Up
Global| Jul 06 2017German Orders Make Partial Rebound in May
German factory orders gained 1% in May as foreign orders surged by 3.1% against a drop of 1.9% in domestic orders. Domestic orders are now lower for three consecutive months. Domestic orders are some 7.7% lower than their peak in this [...]
Global| Jul 05 2017Services PMIs Generally Weaken in June; Central Bankers' Policy Quandary Deepens: Do-Do or Don't-Don't?
The PMI gauge for Europe has declined in June relative to May, but the final tabulation is a bit stronger than the flash estimate. China's private sector (composite or total PMI) expanded at the slowest pace in a year on a weakening [...]
Global| Jul 03 2017Japan's Tankan Survey and Outlook Perk Up
Japan's Tankan survey is conducted by the Bank of Japan; it is abroad survey executed across various industry classifications of Japanese firms and across firms of different size categories. The large enterprise survey is considered [...]
Global| Jun 29 2017EU Indexes Make Strong Gains in June. What's Next? Will June End the Monetary Policy Honeymoon...Soon?
Strong gains in and across EMU The EU Commission index for all of the EMU rose to 111.1 in June from 109.2 in May. Over the last 21 years, a monthly gain this strong or stronger has occurred only 16% of the time, marking the month's [...]
Global| Jun 28 2017EMU Money and Credit Growth Inspire Little Confidence; Global Trends Show Some Improvement But Offer Little [...]
The year-on-year growth rates of money and credit in the EMU (loans to the private sector) show a leveling off of money growth at the 4.5% to 5% mark with recent growth perhaps creeping up at a pace of 1 to 1.5%. Mario Draghi has [...]
Global| Jun 27 2017Italian Confidence Rebounds in June
Italian consumer and business confidence rose in June. Business confidence reverses the decline of last month but still leaves the June reading below the level of April, but just ahead of March. Consumer confidence for June also rose [...]
Global| Jun 26 2017German IFO Gauge Shows Strong Ongoing Growth
The IFO ordinary indexes (see Chart) continue to climb in June. The ordinary IFO indexes (not the diffusion indexes) are at their highest marks since January 1991 for both the headline and the current index. The expectation index has [...]
Global| Jun 22 2017Pull Back in French Total Business Climate
Climate backs off in month as year-on-year gains continue their small pick up The French industrial climate gauge backtracked slightly to 108.4 in June from 108.8 in May. The rank or queue standing of the index falls into its 78th [...]
Global| Jun 21 2017Sharp Rise in Japan's Sector Indices is Led by Construction
Japan's sector indices from METI show gains across the board led by a huge rise in Construction. The construction index jumped by 8.1 points in April the largest month-to-month gain in the history of the series that goes back to early [...]
Global| Jun 20 2017German PPI Backtracks in May as Oil Falls to 7-month Low in "Real Time"
Virtually all major swings on this time line in the German PPI are caused by swings in oil prices. But now Brent is falling. In the most topical daily data venue Brent has hit a 7-month low in price. An oil glut is eviscerating OPEC. [...]
Global| Jun 19 2017Japan's Trade Surplus Levels Off
Japan's trade surplus continues to putter along in a show draft instead of rising as had been expected in May. Japan's exports were flat while imports advanced by 0.3%. Exports show a steady trend of deceleration with growth of 12.2% [...]
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