The chart shows the long flat performance of the EMU-wide services metric while manufacturing shows only a recent tendency to tick higher. The EMU has a composite PMI measure that is even with its six-month average but below its [...]
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| Dec 16 2015EMU Flash Total PMI Slips in December- Little to Cheer
European car registrations are showing some strength in November as there are gains in four of five of the countries in the table plus a strong headline gain. Germany is lagging, where Volkswagen and its assorted name plates are [...]
- Global| Dec 14 2015
Japan's Tankan Is Unchanged But the Outlook Is Cut
Japan's large manufacturing firms, the bellwether group in the tankan report, showed an unchanged reading of 12 in Q4 2015. Nonmanufacturing firms showed an unchanged reading as well, but the overall total industry index ticked lower [...]
- Global| Dec 11 2015
France's Current Account Swings Back to Deficit
France's current account surplus proved to be short-lived. A smattering of monthly surpluses has given way to deficits again. The current account averages deficits over 12 months, six months and three months. French export growth [...]
- Global| Dec 10 2015
French IP Makes Surprise Gain
French industrial production rose by 0.5% in October. This marks three straight months of IP increases in France and gains in nine of the last 12 months. With the fourth quarter having just begun, IP is advancing at a 7% annual rate [...]
- Global| Dec 09 2015
German Trade Flows Continue on Sinking Trends
German export and import flows continued to compress in October. Imports in October plunged by 3.4% as exports fell by 1.2%. Exports and imports each are falling over three months and six months; sequential growth rates in the table [...]
- Global| Dec 08 2015
OECD LEIs Are Stable... But Barely
The OECD LEIs show values below the true stable `100' level for the OECD as a whole, for the U.S., for the U.K., for Japan and for China. Only the EMU region has an index above 100, at 100.6 in October. However, the EMU's normal [...]
- Global| Dec 07 2015
German IP Makes Small Gain After Two Drops
Germany's industrial production rose by 0.2% in October after falling for two consecutive months. Manufacturing IP which also fell for two consecutive months is advancing by a stronger 0.6% in October. The manufacturing IP gain is [...]
- Global| Dec 04 2015
German Orders Show First Growth in Four Months
German orders snapped a three-month losing streak to rise by 1.8% in October month-to-month. Both foreign and domestic order rose in October. Foreign orders had fallen for three months in a row previously and domestic orders had [...]
- Global| Dec 03 2015
Retail Sales Show Their Weak Side; ECB Offers More Stimulus
Note that the graph presented here is a two-scale plot on the level of vehicle registrations and the level of the retail sale volume index. Both retail sales and motor vehicle registrations are well off peak. MV registrations are back [...]
- Global| Dec 02 2015
Euro Area Inflation Is Still Weakening
The preliminary HICP inflation rate for November was reported at a 0% rise month-to-month and as a skinny 0.1% gain over 12 months. The core rate fell by 0.1% month-to-month and is higher by 0.9% year-over-year. These trends are not [...]
- Global| Dec 01 2015
Globally Manufacturing PMIs Are Weak
November was a difficult month for global manufacturing. The PMIs from select countries in the table above show 14 countries and one area (EMU); among these, PMI gauges fell in six of them and two others were flat. That's bad news for [...]
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