Euro Zone IP fell by 0.3% in September after dropping by 0.4% in August. Manufacturing IP also has been falling for two consecutive months. Although the EMU-Area MFG PMI is above the "boom-bust- line" of 50, IP in the Zone is falling. [...]
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| Nov 12 2015Euro Area IP Falls for Second Straight Month
- Global| Nov 11 2015
Japan's Money Growth Steadies
Money supply growth in Japan steadied in October as M2 was up 0.2% after being flat in September and up by 0.5% in August. M3 growth was up by 0.1% and M1 growth gained 0.4% in October, but both series slowed compared to August only [...]
- Global| Nov 10 2015
French and Italian IP Show Fledgling Recovery
France and Italy are the second and third largest economies, respectively, in the EMU. Their recent trends in industrial output make a good summary of what is going on in the EMU as a whole. Neither is particularly strong and yet both [...]
- Global| Nov 09 2015
Bank of France Indicator Jumps in September; Still Not Out of the Woods
The Bank of France indicator moved up to 98.7 in October from 97.8 in September. It is still below its long-term average of 100. Nonetheless, the pick-up in this indicator has the Bank of France looking for growth of 0.4% in Q4 2015, [...]
- Global| Nov 06 2015
German IP Makes A Second Consecutive Drop
German IP drops for the second consecutive month in September. That pairs with a string of declines in real manufacturing orders to create a poor performance in September and a weak outlook ahead. This is not what the ECB had wanted [...]
- Global| Nov 05 2015
German Orders Send Ominous Signals
German orders send ominous signals as they drop for the third consecutive month in September. Orders are not just falling; they are decelerating with successively larger annualized negative rates of growth from 12-month to six-month [...]
- Global| Nov 04 2015
EMU Final Total PMI Gauge Revised Lower; Growth Yes...Momentum No!
The PMI total indices add new observations on services to the revised manufacturing readings issued earlier this week. The new total private sector index is the result. We see a slight downward revision to the EMU overall gauge and to [...]
- Global| Nov 03 2015
Oil and Select Middle Eastern Country PMI Ills
Oil prices crashed late in 2014 and have created a sort of chaos in world markets ever since. The crash in the oil price was a combination of things involving slower growth in China and in the rest of the world as well as the impact [...]
- Global| Nov 02 2015
Globally Manufacturing PMIs Remain Lethargic
Manufacturing PMIs remains relatively weak. Note the percentile standings posted in the table and also note the period over which these are calculated. These are all comparative readings from the post-apocalyptic economy of the [...]
- Global| Oct 30 2015
EMU Unemployment Rate Falls/Inflation Goes Dead Flat; No Phillips Curves Need Apply
The unemployment rate ticked lower in both the EU and the EMU in September. EMU area unemployment now stands at 10.8% with EU unemployment at 9.3%. Both are still high and in the neighborhood of where U.S. unemployment would be today [...]
- Global| Oct 29 2015
EU Sentiment Falls; EMU Sentiment Rises
The EU and EMU indices are split this month with the EMU area improving and the broader EU index that includes EMU nations deteriorating. Still, only five of 16 EMU nations showed deteriorated indices in October. The overall EU index [...]
GfK reports this month that concerns over the impact of migrants in Germany have set back the expected confidence reading for November. But the lagging components of the index show the sharpest drop is in economic expectations. [...]
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