French and Italian IP both rose in March. In France manufacturing IP gained 2.5% and in Italy it rose by 1.2%, both solid to strong gains. In France the rise more than offsets a fall in February. In Italy the gain builds on a rise of [...]
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| May 10 2017Italian and French IP Both Expand in March But Fall in Q1
- Global| May 09 2017
German Surplus Erodes As Exports Fade
German trade data features the headline balance which shows the surplus having diminished in March and export and import data that show a bit of an import surged juxtaposed to an export weakening. The commodity detail lags by one [...]
- Global| May 08 2017
German Orders Rise on the Back of Foreign Order Strength
German orders rose by 1% in March on the back of a strong gain in foreign orders. Foreign orders advanced by 4.8% on the month, their strongest gain since March of last year. Foreign orders broke a seesaw pattern of orders in March, [...]
- Global| May 05 2017
Spain's Industrial Output Stays on a Strong Growth Path
Today I feature Spain's industrial output. It is the Cinco de Mayo which is a Mexican, not a Spanish, holiday (lo siento mucho!-loosely translated that's 'sorry about that'). The holiday commemorates a Mexican victory over the French [...]
- Global| May 04 2017
Retail Sales Continue to Advance in EMU
Euro area retail sales were soft again in March. Nonfood sales are up by 0.2% and up at a 2% annualized pace over three months, at a 0.4% pace over six months and at a 1.7% pace over 12 months. For an economic area sporting its best [...]
- Global| May 03 2017
GDP: Early Reporters Show Tepid Results
GDP reports for Q1 are starting to roll in. In the EMU, the year-on-year pace is 1.7% with Q1's annualized quarterly pace at 1.8%. EMU Q1 growth exceeds growth in the U.S., but the U.S. still has faster growth than Europe over four [...]
- Global| May 02 2017
The EMU Unemployment Rate Steadies at Recent Low
The EMU unemployment rate remains low. The EMU rate in March stabilized at February's cycle low. In February, four of 11 of these early EMU members saw their unemployment rates fall. Only Austria saw its rate rise in February. In [...]
- Global| May 01 2017
Japan's Manufacturing PMI Moves Up; Inflation Gauges in the PMI Get an Unexpected Lift- Can That Last?
Japan's manufacturing PMI gauge is higher in April at a 52.7, up from 52.4 in March. Ranked over all values since January 2012, it stands in the top 87.5 percentile of all recent surveys. It's a good solid report. Japan's services [...]
- Global| Apr 28 2017
EMU Money and Credit Perk Up; Financial Indicators Join the Optimism Parade
There is nothing here to knock your socks off. So you needn't be wearing sandals to read this. But the financial signals are glowing brighter. There is some noticeable acceleration in EMU money and credit growth. And those are good [...]
- Global| Apr 27 2017
EMU Sentiment Index Regains Its 2007 Level
The European monetary area continues to show progress. This month each one of the five indicators rose month-to-month and for the 16 reporting members of EMU all but Slovenia and Cyprus reported month-to-month gains in their overall [...]
- Global| Apr 26 2017
Japan's METI Indexes Show Ongoing Gains
Different strokes for different folks There are various Japanese indicators and some are available up through March. But here we are going to look at the updates through March to compared METI (indexes from Ministry of Economy, Trade [...]
- Global| Apr 25 2017
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March. However, the recent-trend was up and the likely-trend was up on the month. The industrial price level reading has softened over the past four months [...]
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