The Ifo index fell to 9.3 in October from 10.1 in September. The all-sector drop is less that the drop of the ZEW index reported earlier. The expectations portion of the Ifo index actually saw improvement in October and it is hard to [...]
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| Oct 23 2015Can Europe Prosper on Services Alone?
Manufacturing in Europe has come up lame again in October. The sector has decelerated for the second month in a row and holds to a reading of 52.0, not much elevated from the neutral reading of 50.0. Still, Europe has been so weak [...]
- Global| Oct 22 2015
U.S. FHFA Prices Slow
U.S. FHFA home prices slowed in August, rising by just 0.3% after a 0.5% July increase, data from the Federal Housing Finance Agency showed. Also year-over-year prices slowed, rising by 5.5% in August after a 5.8% July rise. The July [...]
- Global| Oct 22 2015
U.K. Retail Sales Show Some Life
U.K. retail sales surged in September, rising by 1.4% after a 0.8% August decline. Clothing and footwear sales remained weak in August as they fell by 1.8%, their second fall in three months. Food and beverage spending rose by 2.3% in [...]
- Global| Oct 21 2015
Japan's Exports and Imports Lose Momentum
Japan's goods exports and imports fell in September with imports falling faster thereby shrinking the trade deficit. Export trends show nominal exports weak on all horizons of one year and less, and declining on balance over six [...]
- Global| Oct 20 2015
EMU Trade Surplus Contracts in August
The EMU trade surplus contracted sharply in August, falling by 2.5 billion euros month-to-month. Still, the surplus is smartly higher year-over-year. Both exports and imports are losing momentum (see chart). In August, exports fell by [...]
- Global| Oct 16 2015
European Car Registrations Continue to Surge Higher Year-over-Year
Car registrations in Europe edged lower month-to-month but continue to show solid and strong gains year-over-year across all the countries and aggregates listed in the table. European registrations are up by a strong 9.8% year-on- [...]
- Global| Oct 15 2015
Japan's Indices Wander in Different Directions
Japan's tertiary index (services sector) in August edged only slightly higher. The industry index has fallen to 96.3 from 97.5. And the industrial production index for August fell by 1.2%, more than the initial estimate of -0.5%. [...]
- Global| Oct 14 2015
EMU IP Clings to Growth But Decelerates
EMU industrial production excluding construction (IPxC) fell by 0.5% in August after a 0.8% increase in July. Over three months, IPxC is net lower, falling at a 0.2% annualized rate. Over six months, IPxC is falling at a 1.2% pace. [...]
- Global| Oct 13 2015
ZEW Careens Lower
ZEW financial experts cut their assessment of current conditions in the German economy and chopped their expectations as well. Expectations were cut by 10.2 points while the current situation index was slashed by 12.3 points. These [...]
- Global| Oct 12 2015
France Shows Trade Flow Reversal
French trade flows have turned sharply weaker in August as exports fell by 1.7% and imports dropped by 2.9%. The relatively sharper weakness in imports thrust the current account into surplus (0.2 billion euros). Sequential growth [...]
- Global| Oct 09 2015
UK Trade Trends Show Deterioration
In August U.K trade data are relatively upbeat as exports rise 3.5% overall and imports fall by 0.7%. But the broader picture is still disconcerting. Over three months exports are falling at a 24% annual rate as imports advance at a [...]
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