The U.K. industrial sector is showing signs of a slowdown. U.K. industry total orders fell to -7 in September from -1 in August. The reading is substantially weaker than its 12-month average which is also -1. In the historic sweep of [...]
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| Sep 22 2015U.K. Industry Weakens in September
- Global| Sep 21 2015
German PPI Trends Begin to Turn Lower Again
The chart displays the three key frequencies of growth I regularly calculate for the German PPI. It plots them and clearly reveals the last four cycles in German PPI pressure. The three-month percentage change leads the parade of [...]
- Global| Sep 18 2015
Italian Exports and Imports Slow As Global Theme of Weakness Plays Out
Italy's current account surplus shrank in July as exports and imports both fell. Declining trade flows may get greater scrutiny now that the U.S. Federal Reserve has put its rate hike plans on hold. Judging from market reactions, [...]
- Global| Sep 17 2015
Japan's Trade Erosion Abates Slightly in August
On a trend basis, Japan's exports are still stronger than its imports; thus, a move to surplus should still lie ahead for Japan. However, in the last few months, the import decline has abated (month-to-month growth) and imports have [...]
- Global| Sep 16 2015
EMU HICP Flirts with Danger Again
Mario Draghi warned that the EMU could face another period in which its inflation gauge, the HICP, declined. In August the monthly HICP fell by 0.1%, its second drop in three months. Now the year-over-year HICP gain is just 0.1%. The [...]
- Global| Sep 15 2015
ZEW Nose Dives
The ZEW expectations reading, the part of this report that gets the headline, fell to 12.1 in September from 25.0 in August, better than halving its value. ZEW expectations have dropped more than this in one month only about 8.5% of [...]
- Global| Sep 14 2015
Italian HICP Ticks Higher in August
Consumer prices in Italy are very well-behaved. The HICP headline rose by 0.1% in August as the core was flat. The domestic CPI fell by 0.1% in August. Italy's 12-month inflation is 0.5%; the core measure is up by 0.9%; the domestic [...]
- Global| Sep 11 2015
Shifting French Trade Trends in Uncertain Times
France's current account slipped into deficit as its deficit on goods trade moved into deeper deficit. Export growth has been exceeding import growth for some time but only over the last nine months have exports got higher enough to [...]
- Global| Sep 10 2015
EMU IP Shows Mixed Trends With Lingering Weakness
Spain is the large-economy success story for industrial production in the euro area. IP in Spain rose by 0.4% in July, up at a 3.8% annual rate over three months. The three-month pace is near the top pace for any EMU nation and by far [...]
- Global| Sep 09 2015
OECD LEI Barely Goes Over the Hurdle of Neutrality
The OECD has put a brave face on its new round of leading indicators, portraying the global economy with stable growth. When these indicators are at 100, they are indicating no tendency to accelerate of decelerate so the overall OECD [...]
- Global| Sep 08 2015
German Exports Spurt in July
German exports surged by 2.4% in July, more than offsetting the 1.1% drop in June. The euro exchange rate continues weak, bolstering German exports. Exports are outpacing imports handily over three months and six months. But year- [...]
- Global| Sep 04 2015
Suddenly German Order Trends Do Not Look So Good
German orders fell sharply by 1.4% in July, backtracking on most of the gain made in June. The June gain was made on the back of strong foreign orders; similarly, the July drop is on the back of an outsized drop in foreign orders. [...]
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