The EMU total PMI showed an advance for January but still in the context of sequential declines from its 12-month to 6-month to 3-month averages. Sequential decline also applies to the two EMU components for services and manufacturing [...]
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| Feb 04 2015EMU Total PMI Advances on Strength in Spain
- Global| Feb 03 2015
Stand By Your Deflation: D-E-F-L-A-T-I-O-N
Denial is not a viable option with which to fight deflation. I'm not saying that the euro area has a deflation problem, but of the 60 evaluations at the country level for monthly and sequential growth rates, only SIX are positive [...]
- Global| Feb 02 2015
EMU Mfg PMIs Rise in January on 'Small Country' Strength
Even with the manufacturing PMI rebound for the EMU in January, the broad brush shows PMI averages over shorter periods are still declining. France is a minor exception. Spain is accelerating and is a major exception (fourth largest [...]
- Global| Jan 30 2015
The Germans in the Dell: the Cheese and the Germans Stand Alone
The unemployment rate turned lower in December in both the EU and EMU. This, despite a host of problems: weak PMI readings and the ECB on a glide path to its controversial QE plan. Of the 11 topically reporting members in the table, [...]
- Global| Jan 29 2015
EMU Money and Credit Struggle Higher
EMU money and credit growth in December show signs of making progress. Money is steadily accelerating and rising at a strong 6.7% annual rate over three months. In real terms, money growth is up to an 8.2% annual rate over three [...]
- Global| Jan 28 2015
Does German Success Threaten Its Prosperity?
German consumers in February are feeling great, according to GfK. German confidence is on the rise and consumer climate is on a new high in February, according to the forward-looking GfK measure. The rest of Europe is struggling. [...]
- Global| Jan 27 2015
U.K. GDP Slows in Q4 but Finishes a Strong Year
U.K. GDP slowed in Q4 2014, rising by 0.5% after having gained 0.7% in the previous quarter. The U.K. office for National Statistics reports gains of 0.8% in services and of 1.3% in agriculture, against a slippage of 1.8% in [...]
- Global| Jan 26 2015
The Gathering Euro-Storm
The chart shows the steady march of the German Ifo indices even in the context of the business cycle and its aftermath. There was a large Ifo index drop in recession followed by recovery. There was a second down draft, much milder [...]
- Global| Jan 23 2015
EMU PMI: Best in Four Months...Still Not Very Good
While the EMU flash-gauges rose in January from their December values, Germany saw manufacturing deteriorate while France saw deterioration month-to-month overall and in services. Despite the month's for EMU pickup- for the euro area [...]
- Global| Jan 22 2015
Italian Orders Drop in November
Italian industrial orders fell unexpectedly in November even as orders from abroad rose. Italian domestic orders fell sharply by 3.9% in November, overpowering a 2.9% rise in foreign orders to drive the overall orders total lower by [...]
- Global| Jan 21 2015
Japanese Sector Performance Leaves Little Room for Optimism
Japan's sector indices were less weak than expected. Japan's LEI was revised higher, mitigating the adverse signal from its monthly drop. But on balance there is little good news here apart from the bad news not being worse. The [...]
- Global| Jan 20 2015
German ZEW Assessment Bounces Back
The ZEW financial experts contributing to the responses in the ZEW index are upbeat in January. The current index has jumped to 41.2 this month from 32.4 in December; it is stronger only 15% of the time. Since January 1994, the [...]
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