The manufacturing PMI for the European Monetary Union edged lower to 50.3 in September from its already weak 50.7 reading in August. The September reading of 50.3 stayed just ahead of the reading of 50.0, which would indicate [...]
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| Sep 30 2014Europe Dodges a Bullet; EMU Unemployment Rate Stays Put in August
The unemployment rate in the European Monetary Union stayed put at 11.5% in August. The unemployment rate for the broader European Union fell slightly to 10.1% in August from 10.2% in July. Unemployment remains high. As the chart [...]
- Global| Sep 29 2014
Spain's Retail Sales Rise but Have Long Road to Recovery Ahead
Spain's real retail sales have slipped enormously since their peak back in 2007. In 2012 there was another sharp break lower in retail sales. However, from that point onward, Spain has built on that base and now there is a slight [...]
- Global| Sep 26 2014
German Confidence to Fall; Economic Expectations Already Have Plunged
The German consumer climate reading has fallen for the second consecutive month, according to the GfK survey. The survey looks ahead to October and registers an 8.3 reading for climate, down from 8.6 in September. At this level, [...]
- Global| Sep 25 2014
Little Evidence of ECB Stimulus Taking Hold in August
On the plus side of things, both EMU credit and money supply have begun to bend their growth rates higher. However, for money supply, growth is still weak. It remains below its feeble 2013 cycle peak. For credit, the growth rate has [...]
- Global| Sep 24 2014
Germany's Ifo Continues to Slip
In the wake of the weak PMI data from Markit released yesterday, it's not surprising to see that the German Ifo index continues to slip in September. The Ifo all-sector index has fallen from 5.3 in August to a level of 2.3 in [...]
- Global| Sep 23 2014
EMU Private Sector PMI Hits Lowest Flash Value Since December
The euro area continues to struggle in September with its flash private sector gauge falling to 52.3 from 52.8 August. This is the lowest flash value for the index since December 2013. While the six-month average is still above the [...]
- Global| Sep 22 2014
July Italian Orders Sag
Both Italian foreign and domestic orders fell in July. Foreign orders have fallen for three consecutive months. Domestic orders have fallen in two of the last three months. The trends in orders are not reassuring either. Italian [...]
- Global| Sep 19 2014
Japan's Sector Indices Lose Momentum Again
Japan's economy is losing momentum again. Despite a pledge to get inflation back to 2% and an aggressive program of quantitative easing, the economy is losing momentum. The Japanese government downgraded its overall economic [...]
- Global| Sep 18 2014
U.K. Retail Sales Rebound
U.K. nominal retail sales growth bounced back in August, rising by 0.2% after a 0.3% July decline. The sequential growth rates of retail sales have been extremely steady over three months, six months and 12 months around and just [...]
- Global| Sep 17 2014
Euro Area HICP Steadies at 0.4%
The overall inflation rate in the European Monetary Union settled in at 0.4% year-over-year in August. That's the same pace as the previous month, but it keeps the downtrend for year-over-year inflation in place. Core inflation is up [...]
- Global| Sep 16 2014
ZEW Expectations Drop By Less Than Expected
The ZEW index in September fell to a level of 25.4 from the August level of 44.3. This drop means that current conditions have been stronger than this 29% of the time, instead of 15% of the time as was the case last month. The [...]
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