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. [...]
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 07 2016German Orders Erode in January on Domestic Weakness
- Global| Mar 04 2016
European GDP Reports Begin to Finalize: The End of Good News?
The table contains data from the EMU and for select EMU member countries as well as comparisons with the U.S. Quarterly GDP weakened in only four countries compared to their respective Q3 rates of growth. Year-over-year growth rates [...]
- Global| Mar 03 2016
Globally Services Sector Implodes -Be Afraid; Are We Locked Up in a Prison of Ideology?
When I began to detect a slowdown in the U.S. and the global economy, I portrayed the final outcome as likely to be the result of a strong services sector vs. a weak manufacturing sector. So the final outcome would be the result of [...]
- Global| Mar 02 2016
PPI Deflation and Other Growing Risks in Europe
EMU PPI trends continue to feature price declines. The headline PPI series (PPI excluding construction) shows declines in January and December. In fact, the month-to-month declines go all the way back uninterrupted to March 2015. [...]
- Global| Mar 01 2016
PMIs Drop in Step with Unemployment Rates
We are visited today by more dissonance in data as global and EMU PMIs fell, showing broad-based declines as unemployment fell across the EMU, in Japan, and has been staying low in the U.S. I guess we should cut the Fed some slack on [...]
- Global| Feb 29 2016
European Inflation Makes a False Start Higher As Deflation Returns; G20 Meets Amid False Hopes and Delivers
The overall price level in the EMU fell again in February after dropping in January. Year-over-year inflation once again is falling for the first time in five months. Core inflation is positive but with its lowest year-on-year gain [...]
- Global| Feb 26 2016
Europe Shows Widespread Weakness
Of the 25 reporting EU members for February, the comprehensive EU Commission indices deteriorated in all but three countries. Those three were Cyprus, Poland and Slovakia. Sector indices also weakened across the board with significant [...]
- Global| Feb 25 2016
German Confidence Unexpectedly Ticks Higher
Germany's GfK consumer climate look-ahead gauge for March shows an unexpected increase of one tick to 9.5 from February's 9.4. In February, the gauge was flat with its economic component lower, income expectations strongly higher and [...]
- Global| Feb 24 2016
French Household Confidence Backs Off After a Run of Gains, Currently at a Six-Month Low
The INSEE household confidence indicator for France fell to 95 in February from 97 in January. The index was last lower six months ago. The index had recouped a lot of its losses by May 2015. The current set back takes it to the [...]
- Global| Feb 23 2016
German Ifo Expectations Turn Sharply Lower
The Ifo index for Germany has turned sharply lower as the expectation index has weakened abruptly in February. All sector indicator weakened except for construction where spending on housing for migrants may be a stimulating factor. [...]
- Global| Feb 22 2016
Is EMU Weakness a True Drop or Part of Sideways Volatility?
The Markit private sector readings for manufacturing and services backed off in the EMU as well as in Germany and France in February. EMU-wide both manufacturing and services weakened. Both sectors weakened in Germany. France's [...]
- Global| Feb 19 2016
German PPI Inflation Continues to Sink
Germany's PPI (excluding construction) fell by 0.8% in January. It fell by 1.1% in manufacturing and by 0.2% in manufacturing excluding energy. Overall manufacturing and ex-energy manufacturing inflation all are falling over three [...]
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