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 [...]
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 07 2016German IP Rises - A Mixed to Weak View from the Rest of Europe
- 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 [...]
- Global| Nov 28 2016
Euro Area Money Supply and Credit Growth Are Not Behind the Excitement
After looking at all the monetary stimulus and special lending programs that the ECB has unleashed then turning to look at these charts, you have to wonder if money even matters. Clearly to some, such a statement is anathema. But such [...]
- Global| Nov 25 2016
Italian Economy Weakens Ahead of Italian Referendum
Italy is showing some weakening economic trends ahead of its early December referendum. And while everyone is still buzzing about Brexit and the Trump election in the U.S., the Fed continues to talk of potential Brexit risks as though [...]
- Global| Nov 23 2016
Euro Area PMI Hits Year's High
EMU PMIs make a push for the mediocre levels of readings that prevailed earlier in this cycle. The EMU is improving and the very weak readings of 2016 are being put behind it. Still, there is a long way to go to reach true normalcy [...]
- Global| Nov 22 2016
U.K. Industrial Orders Strengthen in an Unimpressive Way
Despite the ongoing weakness in the British pound sterling, U.K. industrial orders are 'losing ground.' However, at -3 the net balance for November is much better than last month's -17 and better than the series 12-month average of [...]
- Global| Nov 21 2016
CFNAI Diffusion Index Weakens in October
The CFNAI Diffusion Index weakened in October, declining to -0.35 from September's -0.16, according to the Federal Reserve Bank of Chicago. The components of the index all show weakness relative to trend except for the employment [...]
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