It's a mixed bad for Euro-Area industrial output as output fell for the second month in a row. The October drop is a decline of only 0.1% and compares to a drop of 0.9% in September. In August IP had spurted by 0.9% and that gain [...]
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| Dec 14 2016Euro Area IP Falls
- Global| Dec 13 2016
Zew Expectations for Germany Are Unchanged as the U.S. Is Off to the Races
The main take away from the Zew report in December The main take away from the Zew report in December is that globally conditions are in flux. Brexit is an issue, Zew experts see Italy deteriorating. The US is expected to perform [...]
- Global| Dec 12 2016
Japan Continues to Struggle
Japanese trends remain listless whatever their angle New readings today for Japanese orders and core orders as well as for its tertiary index (services) leave key trends in the doldrums. All of the surveys have different ways of [...]
- Global| Dec 09 2016
French IP Provides a Bridge to a Preview of ECB Policymaking in 2017
French manufacturing and overall industrial output fell in October. The French PMI reading has output advancing in October. The chart shows that over broad periods the IP and PMI indices for France move roughly in the same direction [...]
- Global| Dec 08 2016
OECD LEIs Tick Ever So Slightly Higher as the OECD Trumpets Gaining Momentum
The OECD itself reports the following analytical assessment of its release this month: * Signs of growth gaining momentum have emerged in the CLIs for the United States, Canada, Germany, and France. In the United Kingdom, there are [...]
- Global| Dec 07 2016
German IP Rises - A Mixed to Weak View from the Rest of Europe
Germany's industrial production has come through another period of relative turbulence. IP rose by 3.0% in August, fell by 1.6% in September, and expanded by a modest 0.3% in October. The upshot of these turbulent rates of growth is a [...]
- Global| Dec 06 2016
German Orders Leap Ahead
German orders surged in October, rising on a broad front. Both foreign and domestic orders jumped. Overall orders rose by 4.9% in October led by a 6.3% surge in domestic orders supported by a 3.9% gain in foreign orders. Order trend [...]
- Global| Dec 05 2016
Euro Area Win/Win: PMIs Improve and Retail Sales Improve
The EMU services gauge finalized shows a lift to 53.8 in November from 52.8 in October. The services, manufacturing and total PMI sector gauges are above their 12-month, six-month and three-month values in November, signaling ongoing [...]
- Global| Dec 02 2016
Euro Area PPI Accelerates As Oil Is the Catalyst
The PPI is off to the races. It is underpinned by oil and oil is underpinned by a new OPEC agreement. We will have to wait and see on OPEC which has in recent years talked a much better game than it has played. The cartel and friends: [...]
- Global| Dec 01 2016
Global PMIs Are Improving But Mixed
The Markit finalized PMI gauges ticked higher in November on balance. The unweighted average moved up to 51.7 in November from 51.5 in October and its average has been steadily rising when calculated over 12 months, six months and [...]
- Global| Nov 30 2016
German Retail Sales Rebound Strongly; Still More Volatility Than Trend
German retail sales rebounded strongly in October, gaining 2.6% after a 1% decline in September. Even with two monthly drops in a row in August and September, the October rebound puts rates on a three-month growth track. But German [...]
- Global| Nov 29 2016
Euro Area and EMU Indices Advance in November But Barely Gain Year-Over-Year
The EU Commission indices for November showed a pick up on the month and the highest EU index in 11 months. The EMU area index ticked higher to 106.5 in November from 106.4 in October; its highest reading in 11 months as well. The EU [...]
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