EMU GDP accelerated in Q1 2015 with growth rising to an annual rate of 1.6%, up from 1.3% in Q4 2014. It's not much of a pickup, but it is acceleration. Among the early reporters of GDP in Q1 2015, only two, Finland and Greece, have [...]
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| May 13 2015European Growth Steps Up...Small Step
- Global| May 12 2015
OECD LEIs Find Encroaching Weakness in March
The OECD leading indicators for March show slippage in the OECD, the U.S., the U.K., and China. The EMU gauge is unchanged in March while Japan's gauge has moved higher. The U.S. has been slipping since June 2014. Its reading of 99.6 [...]
- Global| May 11 2015
Dutch IP Surprisingly Sags as EMU Outlook Hangs on Greece
Dutch manufacturing and overall IP both fell in March. Overall IP fell for the first time in two months while manufacturing had fallen in two of the last three months. Trends for IP are not good. Utilities output and transportation [...]
- Global| May 08 2015
German IP Surprisingly Sours
German industrial output fell by 0.5% in March, a drop that was not expected. Furthermore, German exports rose by 1.2% on the month, faster than expected, driving a wedge of inconsistency between the IP and export results for the [...]
- Global| May 07 2015
Grim News from Germany Despite Order Rebound
German real orders rose by 0.9% in March after two months of falling. Orders, however, are still falling at a 6.1% annual rate in the just completed first quarter. But this drop is not the reason for my pessimism over this report. [...]
- Global| May 06 2015
EMU Services Slip a Bit in April
The services sector has been carrying the European recovery, but that sector backed off with its PMI index edging lower to 54.1 in April from 54.2 in March. Still, the services PMI has a queue standing in the 76.2 percentile, much [...]
- Global| May 05 2015
Europe's PPI Gets Ready to Shift
The component year-over-year trends do not show much evidence of a shift in the PPI trend. But in the table it is clear from the monthly data that the period of price declines is coming to an end. This is certainly true unless oil [...]
- Global| May 04 2015
Europe's Manufacturing PMIs Show or Hold Trend Progress
The story of the EMU PMIs this month is a bit convoluted. Germany and the EMU had upward revisions to their weak flash estimates, but the two gauges each still declined in April. At a diffusion reading of 52, the EMU gauge is actually [...]
- Global| May 01 2015
U.K. Manufacturing PMI Drops Sharply
Only the U.K. manufacturing index is available for April. That indicator fell sharply to 51.9 in April from 54.02 in March. This is the manufacturing sector's sharpest one-month drop since February 2013 when it fell by more than three [...]
- Global| Apr 30 2015
EU/EMU Unemployment Rates Unchanged in March
Unemployment rates in Europe were largely unchanged in March. The EU and EMU regions both showed no change in their region-wide unemployment gauges. Under the surface, huge differences among national rates of unemployment, of course, [...]
- Global| Apr 29 2015
European Commission Indices Show EMU Weakness
While sentiment in the EU area advanced again in April, in the EMU there was a setback. Of the 16 reporters, six showed declines in their overall sentiment indices as the overall EMU index fell by 0.2%. Eight of these member countries [...]
- Global| Apr 28 2015
French Household Sector Confidence Rises Further
French household confidence has increased in seven of the last nine months and has gone nine months without a setback to confidence. However, the confidence reading is still weak historically. At 94 the current confidence reading is [...]
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