U.K. optimism fell sharply in the Q3 CBI industrial trends survey by the Confederation of British Industry. The better-minus-worse (or up-minus-down) index of expectations fell to -47, a figure that has been this low or lower only 5% [...]
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| Jul 25 2016UK CBI Survey for Q3 Deteriorates
- Global| Jul 14 2016
Euro Area Progress and Peril
EMU area and country level inflation continues to coalesce around the zero mark as it has since late 2014. There are hints of inflation divergence cropping us as the chart shows Italian inflation moving even lower while German [...]
- Global| Jul 13 2016
Euro Area IP Drops Like a Rock in May
Euro area industrial output fell by 1.3% in May, giving back most of the gains from April's previously impressive 1.4% rise. However, April was preceded by a 0.8% drop so that on balance EMU area IP is lower at a 2.8% annual rate over [...]
- Global| Jul 12 2016
German Inflation Edges Up As Euro Area Picture Gets Murky
Rising inflation in Germany with still-weak conditions in the rest of the euro area is a prescription for more intense euro area conflict. And that may be what is now in train. Germany in June posted its second monthly HICP hike in a [...]
- Global| Jul 11 2016
Bank of France Business Indicator Is Flat
The Bank of France business indicator is flat in June, hovering just outside the lower one-third ranking in its historic queue of data. Expected production is back up in June after posting a negative survey value in May and sits in [...]
- Global| Jul 08 2016
German Export and Import Flows Decay
Germany's trade surplus contracted slightly in May, but the surplus remains huge. German exports fell by 1.8%, marking their largest drop in nine months. German imports ticked higher by only 0.1% in May after a 0.3% decline in April. [...]
- Global| Jul 07 2016
Surprise Drop in German IP
Weakness on the doorstep and Brexit looms German IP dropped 1.3% in May, marking its third drop in four months as well as its fifth drop in seven months. The IP drops in May and March are large, each in excess of 1%, while the April [...]
- Global| Jul 06 2016
German Orders Run Flat
German orders (all data in real terms) came up flat in May after a 1.9% decline in April. Despite the poor two-month run of orders, orders are still advancing at a 2.9% annual rate over three months and the real orders series actually [...]
- Global| Jul 05 2016
Euro Area Retail Sales Are Soft and So Is the Outlook
Retail sales volumes in the euro area in May grew by a solid 0.4% but in the wake of a 0.2% gain in April and after a 0.6% drop in March. Over the last three months, retail sales are still contracting on balance in the EMU. The [...]
- Global| Jul 01 2016
Euro Area Improvement Is Loud and Clear...But Will It Endure Brexit?
Phillips Curve Busters! Unemployment rates fell in six of 11 of these early-reporting EMU member states in May. Greece, where data lag by two months, shows a decline on that basis as well (making it seven of 12 drops in the `most [...]
- Global| Jun 30 2016
German Retail Sales Rebound
German retail sales ex-autos rose by 0.8% in May after a skinny gain of 0.1% in April. The three-month growth rate is zero. Over six-months, sales are up at a 0.5% pace. Over 12-months, sales are up at a 0.7% pace. Sales are [...]
- Global| Jun 29 2016
EU Commission Indices Show Mixed Trends
The overall EU economic sentiment indicator from the EU Commission ticked higher to 105.7 in June from 105.6 in May. Meanwhile the EMU index edged lower to 104.4 in June from 104.6 in May. Coming attractions... With the U.K. adoption [...]
- of369Go to 182 page