U.K. industrial orders moved up to a diffusion reading of 5 in December from 3 in November in the CBI survey of the U.K. industrial sector. While a small-seeming positive number, this reading stands in the 93rd percentile of 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 15 2014UK Overall Orders Look Solid Even As Export Orders Fade
- Global| Dec 12 2014
Never-Ending Process of Adjustment in the Euro Area
Inflation in the euro area remains contained. In fact, it remains way under the level to which it is supposed to be contained. Inflation is so low that it is out of control in a manner not appreciated and not planned for by the [...]
- Global| Dec 11 2014
IP in EMU Members: Should We Believe the Weakness or the Strength?
A breadth of expansion in October: Industrial output has risen in October in seven of ten early reporting EMU members and has fallen in just two. This follows September when six of ten countries advanced. However, the drop in August [...]
- Global| Dec 10 2014
Consumer Confidence in Japan Withers: What of the Future?
Japan's consumer confidence index in November fell to 37.7 from 38.9 in October. It was last weaker in April of this year. Japan's consumer confidence metric is a diffusion index. It was last above 50 (the expansion/contraction line [...]
- Global| Dec 09 2014
French Imports Flounder While Exports Show Surprising Strength
France's trade deficit in October edged deeper into deficit falling to -6bln Euros from -5.9bln Euros. Both exports and imports edged higher in October but imports rose just slightly faster. That slightly faster speed plus the fact of [...]
- Global| Dec 08 2014
OECD LEIs Tell Unsettling Story
The OECD LEI in October signals weakness for most of the OECD reporting countries. The LEI readings are below 100 in October for Japan, China, Austria, Denmark and Germany. These weak readings point to lees than trend growth. In [...]
- Global| Dec 05 2014
German Orders Rebound: Mixed Message
German new industrial orders in October surged by 2.5%, rising faster than had been expected. The rise follows a 1.1% increase in September. This comes after a period of severe volatility. Despite the rise in orders the Bundesbank has [...]
- Global| Dec 03 2014
EMU Total PMIs weaken...on trend
The manufacturing and services sectors for EMU are weakening and are staying on their recent trends as they do so. Conditions are weak and headed to get weaker. While there are many distortions in the global economy there are also [...]
- Global| Dec 02 2014
No Relief for ECB from PPI; No Relief for PPI from ECB
Euro-Warfare: The EMU PPI is down by 1.4% year-over-year. Yet all the stories out of Europe are about the European Central Bank and whether it can launch a quantitative easing program or whether that will be blocked. And while the [...]
- Global| Dec 01 2014
Manufacturing Diffusion Weakness Reveals Global Slowdown
The manufacturing sector on a global basis is expanding in November with five reporting entries contracting (two of them ensconced in the euro area, which itself expanded, but slowed) while 10 showed manufacturing PMI values above 50. [...]
- Global| Nov 26 2014
Italian Consumer Confidence in an Era of Radioactivity
Italy's consumer confidence indicator from ISAE fell in November to reach a nine-month low. In the guts of this survey, we see evidence many of the conditions that are continuing to plague consumers around the world. For example, [...]
- Global| Nov 25 2014
Finalized GDP in Germany, the Vampire Economy
The German economy in the third quarter posted weak growth. GDP rose by 0.3% in Q3 2014 after a 0.3% decline in Q2. So Germany has escaped the clutches of recession. Still, the German economy isn't doing well as recent growth rates [...]
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