The U.K. services sector index for growth prospects turned lower in Q3, falling after nearly 2 years of improving trends. The CBI index is turned lower in the third quarter for both consumer and business and professional categories. [...]
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| Aug 26 2014UK CBI Services Survey Weakens but May Not Point to a Slowdown
- Global| Aug 25 2014
Ifo Index Continues Its Descent as the Game of Sanctions Plays Out
Germany's Ifo climate index for August has fallen to 5.3 from 8.6 in July. The all-sector climate index is still relatively firm standing in nearly the 72nd percentile of its historic queue of ordered values. However, this standing [...]
- Global| Aug 22 2014
Canada's Retail Sales Surge
Canada's retail sales are hopping. Sales rose by 1.1% in June after rising 0.9% in May and 1.3% in April. Sales are accelerating at a 14% annual rate over three months, an 8.6% annual rate over six months, and a 5.9% annual rate over [...]
- Global| Aug 21 2014
U.S. LEI Begins to Accelerate
The index of leading economic indicators is beginning to accelerate. The three-month growth rate is 7.4% at an annual rate. Over the previous three months, it grew at a 2.0% annual rate. Over 12 months, it is growing at a 5.9% annual [...]
- Global| Aug 21 2014
EMU PMIs Wither Again in August- It Isn't the Heat
The flash PMI for the European Monetary Union in August slipped once again to 52.8 from 54.0 in July. The index is back to where was in June. The manufacturing index, which had been stable at 51.9 in June and July, has dropped to 50.8 [...]
- Global| Aug 20 2014
UK Orders Jump
Industrial orders in the U.K. saw the net order gauge rise to 11 in August, back to its June level. This is not just the strongest reading since June; it's a reading that has been surpassed historically only 1% of the time. The [...]
- Global| Aug 19 2014
UK PPI Gain Is Weaker Than Expected
UK factory prices rose less than expected, gaining 0.2% in July after falling 0.2% in June. Over three months, these prices are falling at a 0.6% annual rate. Over six months, they are rising at a 0.6% annual rate. Over 12 months, [...]
- Global| Aug 18 2014
EMU Trade Posts Lower Surplus
Geopolitical news is starting to take its toll on European Monetary Union data. But we are not seeing these effects in June trade flows. The confrontation in Ukraine began six months ago, but the imposition of sanctions is a much more [...]
- Global| Aug 15 2014
Finland's Trade Balance Turns Negative Again
With Russian sanctions biting, we saw the first impact on European growth in the recent GDP figures. Germany is now the largest trading partner with Russia in the European Monetary Union, having just surpassed Finland. However, [...]
- Global| Aug 14 2014
EMU GDP Edges Higher
GDP growth in the European Monetary Union (seasonally adjusted and working day adjusted) barely edged higher in Q2 2014, rising by 0.2%. The year-over-year figures show a deceleration in the growth rate to 0.7% in Q2 2014 from 0.9% in [...]
- Global| Aug 13 2014
EMU IP Weakens, Adding to Weakness Elsewhere
The worries about European growth are for good reason. Total EMU industrial production excluding construction fell by 0.3% in June after a 1.1% decline in May. In the quarter, it's rising at a 0.1% annual rate. That's pretty thin [...]
- Global| Aug 12 2014
ZEW Index Drops Sharply
Germany's ZEW current index fell sharply in August to 44.3 from 61.8 in July. The current index had peaked at 67.7 in June in this cycle. It's now on a two-month drop. Expectations, the more closely watched component, fell to 8.6 in [...]
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