The chart puts the evolution on the EMU-area PMIs in their proper context. Last month the two sector indices fell sharply. This month there is a partial rebound with services rebounding slightly more and manufacturing showing a very [...]
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| Mar 22 2016EMU Private Sector Picks Up in March But Fails to Restore Full Confidence
- Global| Mar 21 2016
What Does the Stubborn Euro Area Current Account Surplus Really Mean?
The chart in this article shows that the euro area current account surplus is still quite large. However, in the table data, we see month-to-month it is lower and that over three months it is lower and over 12 months it is lower. The [...]
- Global| Mar 18 2016
Drink the German Kool-Aid; Take the German Medicine; German PPI Continues Its Wayward Path Along with the CPI
Germany's PPI fell in February and it has been falling with great persistence. There have been 10 month-to-month declines in the PPI in the last 12 months and it has been 13 months since the German PPI has increased month-to-month at [...]
- Global| Mar 17 2016
EMU Trade Balance Withers As Do Exports and Imports
The EMU trade balance shrank in January and stands a tick below its three-month average. Exports have fallen in January and are lower over three months and six months but higher by 1.2% over 12 months. Imports are lower in January, [...]
- Global| Mar 16 2016
European Car Registrations Continue on the Road to Recovery
European car registrations rose by 9.1% in February and by 14.4% year-over-year marking another month of strong gains. The propensity for countries to post persistent gains in registrations has been rising as not only the strength of [...]
- Global| Mar 15 2016
French Inflation Crosses Over to an Expanding Dark Side: Deflation
French inflation has turned to the dark side, showing persisting deflation and going deeper down the rabbit hole of deflation. Prices are now falling for two months in a row, as even the domestic measure, the CPI ex-energy, is [...]
- Global| Mar 14 2016
European IP Jumps; But Can It Hold the New Pace?
After falling for two straight months, industrial production (IP) suddenly is stronger in the euro area. That by itself is suspicious amid conditions of ongoing struggle. Consumer goods and capital goods output are rising strongly in [...]
- Global| Mar 11 2016
Germany's Inflation Stays Low; Trends Work Lower Or Deflation Speeds Up
Deflation and monetary policy All eyes have been on the ECB and its next move which it executed just yesterday. The ECB rate cut was modest and the step up in asset purchases was a bit more. Broadening its programs and the asset [...]
- Global| Mar 10 2016
German Exports Fade Again
Despite the overwhelming competitiveness of the German economy inside the euro area and despite the very weak euro, itself which makes all of the euro area countries very competitive in their trade outside the zone, German exports [...]
- Global| Mar 09 2016
Bank of France Monthly Survey Slips; BoF Cuts GDP Outlook
The Bank of France business indicator took a sharp turn south in February as it dived back below its October 2015 level but above its November 2015 level. Upon seeing its survey results, the Bank of France cut its Q1 GDP outlook to a [...]
- Global| Mar 08 2016
Japan's Economy Watchers Index Shows Erosion
Japan's economy watchers index is lower month-to-month with its employment conditions index sinking and the future index unchanged. This index is geared to track the goings on in the services sector in Japan. The rank standing of the [...]
- Global| Mar 07 2016
German Orders Erode in January on Domestic Weakness
German orders fell in January for the second straight month. However, each month the declines were relatively small, and together, they fail to offset the 1.5% order gain in November so that the three-month change is still positive. [...]
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