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 [...]
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 01 2015Globally Manufacturing PMIs Are Weak
- Global| Nov 30 2015
Japan's IP Marks a Strong October Gain
Japan's industrial production index rose by 1.4% in October, pushing the three-month growth rate up to 5.4% annual rate. Manufacturing now has two consecutive monthly gains of more than 1%. Still, growth is negative on balance over [...]
- Global| Nov 27 2015
EMU Index Holds Its Ground in November
The EU overall sentiment index slipped this month while the index for EMU members was dead flat at last month's level. The EU index sits in the 71st percentile of its historic queue of data. The EMU index is a bit weaker, standing in [...]
- Global| Nov 25 2015
Retail Sales Growth Turns Negative In September
Retail sales volumes and consumer confidence in Italy have recovered much better than has the Italian industrial sector. Italian orders fell for the second month in a row. Italian foreign orders have fallen in each of the last three- [...]
- Global| Nov 24 2015
Germany's IFO Improves
Germany's IFO Index advanced in November, with its all-sector index rising to 10.9 from 9.4 in October. The all-sector index sits in the 81st percentile of the measure's historic queue of data a relatively strong standing. Current [...]
- Global| Nov 23 2015
EMU PMI Climbs - Much Ado about Very Little
The Markit private sector PMI flash gauge rose by 0.4 points in November the 25th largest one month gain in the last 70 months. However, even that small gain brought the level up to its highest value since May 2011 bringing the index [...]
- Global| Nov 20 2015
Inflation divergence stalks Germany and EMU
In October the overall German PPI fell by 0.4%. The index fell excluding energy by 0.2%; manufacturing prices fell by 0.3%. The harmonized PPI fell by 0.3%. There is a consistency across the board of weakness in October and of price [...]
- Global| Nov 20 2015
Inflation divergence stalks Germany and EMU
In October the overall German PPI fell by 0.4%. The index fell excluding energy by 0.2%; manufacturing prices fell by 0.3%. The harmonized PPI fell by 0.3%. There is a consistency across the board of weakness in October and of price [...]
- Global| Nov 19 2015
EMU Trade Surplus Climbs While Underlying Flows Sink
EMU posted a wider trade surplus in September as that surplus moved up to 20.1bln from 19.0bln Euros in August. But a widening surplus does not mean that all is well in EMU or in the rest of the world. EMU exports rose by 1.1% in [...]
- Global| Nov 17 2015
Zew Expectations Rebound but Do Not Change the Story
Zew expectations jumped in November, rising to an index level of 10.4 from 1.9 in October. Still, the level in November is below the level in September which stands at 12.1. The November expectations index standing has been stronger [...]
- Global| Nov 16 2015
European Inflation Remains Low but Its Prices Are not Falling
If Mario Draghi needed to see continued outright deflation to take more aggressive policy steps, he did not get what he wanted in October. The Haver Analytics seasonally adjusted HICP rises by 0.2% in October while the ECB's own [...]
- Global| Nov 13 2015
Year-over-Year EMU GDP Shows Some Recovery
EMU shows year-over-year GDP in a ramp up in growth to 1.6% in Q3 from 1.5% in Q2 and 1.2% in Q1. Yet, five of ten EMU member in the table saw year-over-year GDP growth decelerate in Q3 from Q2; only The Netherlands decelerated in Q2. [...]
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