The chart is clear. The manufacturing sector stepped up in June while services stepped back. The two sectors now have nearly the same raw PMI score, but their queue standings are wide apart. The services sector usually is expanding [...]
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| Jun 23 2016Euro Area Flash PMI Steps Back on Weak Services
- Global| Jun 22 2016
Canadian Nominal Retail Sales Snap Back As Real Sales Lag
Canadian sales patterns have become confusing. While its nominal patterns look quite upbeat, real sales have slowed and are declining in the current quarter-to-date. Nominal sales are quite mixed with large blocks of sales showing [...]
- Global| Jun 21 2016
Sharp Rebound in German ZEW Expectations; What Do ZEW Experts See that Janet Yellen and Her Merry Band of Fed [...]
Despite the unexpected and relatively sharp rise in June's German expectations, the June expectations index is still higher nearly half the time (43%, approximately). Current conditions in Germany are better only 17% of the time, [...]
- Global| Jun 20 2016
Japan's Trade Trends Wither
Japan is getting a boost to growth through its external sector. Its trade surplus is growing. But the boost is not the type we like to see. Japan's exports are falling year-over-year, but since imports are falling by more the trade [...]
- Global| Jun 17 2016
Canadian Inflation: Alone in the Sweet-Spot
Inflation globally is low. In the EMU, the price level is falling. Japan's inflation is weak. In the U.S., the CPI is up only 1.1% although the U.S. targets the PCE deflator which shows a much weaker core trend than the CPI. In [...]
- Global| Jun 16 2016
Euro Area Growth and Inflation Send Mixed Signals
Mixed Grill... Today we pair a table on historic HICP EMU performance with monthly retail and auto sales in the EU. The consumer and the inflation are perhaps the two most critical variables watched by policy makers apart from job [...]
- Global| Jun 15 2016
Euro Area Trade Surplus Jumps Sharply
Trade in the EMU remains somewhat enigmatic. Exports and imports (of manufactured goods) are still quite soft over 12 months as well as over six months. But over the recent three months, exports have exploded to life as imports have [...]
- Global| Jun 14 2016
Euro Area IP Rebounds with Europe in Turmoil
Euro area industrial production rebounded by a smart 1.1% in April, more than recovering its loss of output in March but still behind its combined February-March loss. IP is still falling on balance over three months, but the six- [...]
- Global| Jun 13 2016
Japan's Retail Sales Flounder
Japan's seasonally adjusted retail sales were flat in April after a 1.5% gain in March. However, sequential sales show spending by consumers has been declining on balance over three-month, six-month and 12-month. Over 12 months, not [...]
- Global| Jun 10 2016
Euro Area IP Shows Very Solid Gains in April
Industrial production rose in April in each and every one of the early reporting EMU members in the table. Month-to-month IP increases range from a low 0.9% rise in Italy to an outsized 6.7% gain in Ireland. These are very sizeable [...]
- Global| Jun 09 2016
German Trade Surplus Moves Higher: Fiddle Dee Dee Europe
German trade flows came up lame in April as exports were flat and imports fell by 0.2%. These performances follow a 1.9% gain for exports in March and a 2.3% drop for imports. Exports grow but imports stay slow or worse Suddenly [...]
- Global| Jun 08 2016
OECD LEIs Still Struggle
The OECD's own results for this month's report are, in my opinion, way too weak to show, or do much more than very vaguely hint, at stabilization in the U.S., China or elsewhere. But that is the headline that news services are picking [...]
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