Industrial output (excluding construction) fell in the EMU in June, dropping by 0.4%. This is the second consecutive monthly drop. These drops follow a monthly gain of just 0.1% in April. IP in the EMU has been steadily decelerating [...]
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| Aug 12 2015EMU's Industrial Sector Weakens
- Global| Aug 11 2015
ZEW Expectations Continue to Lag
The ZEW current index continued its slow slog higher in August as expectations backtracked. Expectations are below their historic midpoint as they are higher fully 55.8% of the time, thus lower about 45% of the time. The current index [...]
- Global| Aug 10 2015
Bank of France Survey: France Continues to Struggle
France's business survey by the Bank of France ticked higher in July; however, remaining off its recent peak. The index edged up to 97.96 from June's 97.88, still below May's 99.08 reading. The July reading is slightly above its [...]
- Global| Aug 07 2015
German IP Drops
German industrial production dropped in June, falling by 1.4% month-to-month. Overall IP has been steadily decelerating with annualized growth rates shrinking or turning progressively to larger negative numbers as the horizon [...]
- Global| Aug 06 2015
German Orders Rise on the Foreign Sector; Domestic Orders Remain Moribund
The story this month is less about how well German orders are doing and more about how weak Germany's domestic orders have become. With an economy that is doing quite well - certainly by Europe's standards - and maintaining a low rate [...]
- Global| Aug 05 2015
Total PMIs Back Off in July
Spain is the exception in July with a total PMI rising. But among the four largest EMU economies, as well as for the EMU itself, the consolidated PMI readings in July took a step back. Among the manufacturing and services sectors of [...]
- Global| Aug 04 2015
EMU PPI Drops But It Also Decelerates
The PPI headline in June fell by 0.2%, its first month-to-month decline since January. The headline rate shows a pattern of deceleration in its drop from12-month to six-month to three-month. But none of the components show clear [...]
- Global| Aug 03 2015
Manufacturing PMIs in July
The manufacturing PMIs in the EMU show a monthly reduction in the PMI for the EMU as a whole and declines in four of six early reporters. Only France is showing manufacturing contraction in July. The EMU has a percentile standing at [...]
- Global| Jul 31 2015
EMU Unemployment Is Unchanged; There's Germany; Then There's Everyone Else
he EU unemployment rate is unchanged in June at 9.6%. The EMU rate is at 11.1%, also unchanged from the previous month. The unemployment rate is still falling in both the EU and the EMU over three months, six months and 12 months. But [...]
- Global| Jul 30 2015
EU Commission Indices Show Strength in July
The overall index for the EU moved to 106.6 in July from 105.5 in June to notch a 69.5 percentile standing for the EU countries. The EMU gauge rose by 0.5% to stand at 104 in July, posting a queue standing at its 60.5 percentile. The [...]
- Global| Jul 29 2015
German Consumer Sentiment Flat-Lines in August- and Nearly for Fifth Straight Month
The GfK consumer confidence climate measure was dead flat in August at a level of 10.1. It peaked at 10.2 in this cycle in June and registered 10.0 in April. It has been nearly flat since April with only minor variations. While the [...]
- Global| Jul 28 2015
Italian Consumer Confidence Continues Its Erratic Move Lower
Italy's economy is still under a great deal of pressure. While it has a large number of people wanting work, the number looking for work (a key ILO statistic to be considered unemployed) has dropped off sharply. It is not surprising [...]
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