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 [...]
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 09 2015UK Trade Trends Show Deterioration
- Global| Oct 08 2015
OECD LEIs Show Widespread Slowing
The OECD area shows a step down to 99.9 from 100 demonstrating sub-normal growth. The U.S. index fell to 99.2 in August from 99.5. The U.K. fell from 99.7 to 99.5 in August. Japan fell to 99.8 in August from 99.9. China fell to 97.2 [...]
- Global| Oct 07 2015
German Industrial Output Falls in August; Is it a Harbinger?
In August German IP fell by 1.2% marking declines in two of the last three months. Last month's 1.2% gain is offset by this month's 1.2% drop. Consumer goods and capital goods output both fell in August; intermediate goods output was [...]
- Global| Oct 06 2015
German Orders Drop Again in August
Year-over-year German orders are still advancing but they fell in month-to-month in August for the second month in a row. German orders fell by 1.8% in August after shedding 2.2% in July. Both domestic and foreign orders fell in [...]
- Global| Oct 05 2015
Global MFG Takes Another Step Back in September
The Markit (and for the US, ISM) MFG PMI's largely weakened globally in September. There were readings below 50 in nine of the seventeen countries/units in the table. There were month to month declines in the MFG-PMI indices in 11 of [...]
- Global| Oct 02 2015
EMU PPI Collapses as HICP Turns to Show Deflation
The ECB's targeted HICP already has dipped below zero in its year-over-year change. In August the PPI shows another sharp drop in headline PPI prices. Are the forces of deflation gathering steam? The August PPI in the EMU fell by 0.9% [...]
- Global| Oct 01 2015
Japan's Tankan Survey Tails But Holds High
Japan's Tankan survey of large, medium-sized and small firms showed a drop in its bellwether large company index of manufacturers. That index fell to 12 in Q3 2015 from 15 in Q2. The index value of 12 is below the four-quarter average [...]
Europe gets another taste of deflation as its unemployment rate hangs high. European (EU) unemployment came in at 9.5% for the second consecutive month in August. In the EMU, the unemployment rate is lodged at a much higher level, at [...]
- Global| Sep 29 2015
EU Index Shows Surprising September Rise
The overall EU sentiment indices are moving higher year-over-year in the three largest EMU nations and for the EMU index itself. In September, the indices of the three largest EMU members also moved higher while the index for Spain, [...]
- Global| Sep 28 2015
Italian Confidence Makes Strong Gains; Strongest Level for Confidence since March 2002
Italian consumer confidence rose sharply to 112.7 in September from 109.3 in August. The monthly change in confidence marks a substantial rise that has been larger only 15 times in the last 248 months, making it a top 7% event. The [...]
- Global| Sep 25 2015
French Consumers Begin to Feel Better in September
French consumer sentiment increased to 97 in September from 94 in August, up from its 12-month average of 92. Still, the index sits only in the 50.2 percentile of its historic queue of data. That leaves it just a smidgen above its [...]
- Global| Sep 24 2015
German Ifo Moves Higher, Bucking Some Contrary Trends
The German Ifo index showed improvement in September in three of its four sector indices. Current conditions eroded, but expectations improved. The index had been expected to weaken in the month. Instead, the Ifo index rose. The [...]
- of355Go to 183 page