There has been a noticeable lull in manufacturing over the past year. It is not just Europe or just the United States. The Markit PMI data confirm a global slowdown with low PMI readings being endemic to the global economy. Global PMI [...]
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| Oct 12 2016Euro Area IP Gains
- Global| Oct 11 2016
German ZEW Index Moves Higher
The closely watched ZEW expectations index rose by nearly 6 points in October, rising to 6.2 from 0.5 in September. The current index advanced to 59.5 from 55.1, a gain of about four points. These are not large monthly gains and they [...]
- Global| Oct 10 2016
OECD LEIs Stuck in Very Low Gear: A Eulogy for Growth
The OECD LEIs remain mired in the muck of readings below the breakeven value of 100, but close enough for the OECD to continue to look for relatively stable growth. The overarching OECD index, the U.S. index, the U.K. index, the Japan [...]
- Global| Oct 07 2016
German IP Rebounds Strongly; Still...More Volatile Than Strong
German IP rebounded to gain 2.5% month-to-month in August after a 1.5% drop in July. With this rebound, German GDP is up at an 8.8% annual rate over three months. However, it is only up at a 0.5% pace two months into the third [...]
- Global| Oct 06 2016
German Orders Rise But Path Remains Listless
German orders rose by 1% in August, their second monthly gain in a row. It was the first back-to-back monthly gain since November. However neither domestic nor foreign orders have posted monthly gains back-to-back since March for [...]
- Global| Oct 05 2016
Euro Area Composite PMI Dragged Down by Services
German service sector weakness clobbers the EMU readings The long slow erosion, depicted in the chart of the EMU region's services PMI, stepped up in September as the EMU service sector index slipped by 0.6 points on the month, its [...]
- Global| Oct 04 2016
Euro Area PPI Falls Again As Rising Trend Is Interrupted
PPI prices are starting to turn higher. At least the downward momentum is shifting and the rate of change is no longer as powerfully negative. Seven of the thirteen monthly PPI movements in the table are positive in August; that [...]
- Global| Oct 03 2016
Euro Area Manufacturing PMI Shows Some Lift
While the global manufacturing PMI data are still disappointing in September, they are for the most part better than they have been. The unweighted average of values in the table show the actual reading is above its six-month average [...]
- Global| Sep 30 2016
Euro Area Unemployment Rate Is Locked at 10.1%; Meanwhile, Inflation Is Starting to Percolate and Other Issues Are [...]
Fresh unemployment and inflation data are out for the EMU area. Inflation is starting to creep up as the impact of stable then rising oil prices is taking a toll. But the unemployment rate has been stuck for both the EU and the EMU [...]
- Global| Sep 29 2016
Euro Area Indices Put Bad Month Behind Them
The plotted EU indices show some stabilization and pick up in the most recent data. The overall EU index bumped up to 105.6 in September from 103.8 in August. The August reading is the weakest since December 2014- quite a stretch. But [...]
- Global| Sep 28 2016
German Consumer Confidence from GfK Edges Lower But Remains Lofty
Germany's look-ahead consumer confidence indicator from GfK sees a drop in confidence in October. The setback is small, taking the monthly reading to 10.0, from September's 10.2, which has been the cycle as well as the all-time high. [...]
- Global| Sep 27 2016
Euro Area Money and Credit Growth Bump Along
Throw in the kitchen sink, Mario The euro area remains largely unresponsive to all the central bank's efforts to revive it. Mario Draghi in his address to the European parliament's Economic and Monetary Affairs Committee noted that [...]
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