German activity data have been weakening recently. There is speculation that the sanctions on Russia are an important factor. But trade data for June show some rebound in German trade flows. Exports rose 0.9% in June as imports [...]
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 08 2014German Trade Flows Seem to Revive
- Global| Aug 07 2014
German Industrial Output Makes Weak Rebound
Industrial production in Germany in June rose by 0.3%, only partly restoring May's 1.7% drop. German industrial output is falling over three months and six months. The pace of decline is gathering steam over shorter horizons. All [...]
- Global| Aug 06 2014
German Orders Sink as Italy Slips into Recession
It has not been a good day for statistics out of Europe. Italy has just unexpectedly recorded its second consecutive drop in quarterly GDP, giving way to cries of recession. Germany has reported out a large drop in orders and the [...]
- Global| Aug 05 2014
EMU Total PMIs Edge Higher
In July the composite PMI for the European Monetary Union rose to 53.8 from June's 52.8. This represents a slight backtracking from the preliminary value. Moving averages over 12 months, six months and three months show progress from [...]
- Global| Aug 04 2014
EMU PPI Slows Its Decline; Has It Begun a Reversal?
The EMU producer price index rose by 0.2% in June as its year-over-year drop was cut to just -0.1%. The trend for the PPI is not absolutely clear from the sequential growth rates since there is a speedup drop from 12 months to six [...]
- Global| Aug 01 2014
Manufacturing Stays Subdued in Europe in July
The Markit EMU manufacturing PMI was flat in July at 51.8. At that level the EMU metric stands in the 61st percentile in its historic queue. Germany, the usual manufacturing leader in Europe, has its manufacturing PMI in the fifth [...]
- Global| Jul 31 2014
EMU Unemployment Falls
The rate of unemployment in the EMU fell to 11.5% in June from 11.6% in May. For the EU area the rate fell by one tenth of one percentage point as well to 10.2%. The gap between the highest (24.5%) and the lowest (5%) unemployment [...]
- Global| Jul 30 2014
EU Indices Take a Step Back in July as the EMU Reading Steps Up
The EU index of economic sentiment fell to 105.8 in July from 106.4 in June. The comparable index for the EMU economies rose by 0.1% to a lesser standing of 102.2. For the EU members in July the industrial index slipped slightly more [...]
- Global| Jul 29 2014
Spain's Retail Sales Sink in June
The chart shows how mightily Spain's retail sales have fallen. The chart plots an index of real retail sales; it is not a plot of a growth rate. We can see that, in recent months, sales are stirring, but also that they are only a [...]
- Global| Jul 28 2014
Italian Business Sentiment Tails Off
Both Italian business sentiment and consumer sentiment dipped in July. This comes at a time of irregular readings around the euro area. The new reading is for Italian business sentiment. It has dipped from 99.9 in June to 99.7 in [...]
- Global| Jul 25 2014
German Ifo Slips for Third Consecutive Month
Germany's Ifo index fell for the third straight month in July. The index fell to 8.6 from June's 11.8. In April it stood at 14.7; it has lost 6.1 points in four months. A number of German reports have been weak recently, ranging from [...]
- Global| Jul 24 2014
EMU Flash PMI Rises amid Sector Divergence; Mind the Gap!
The European Monetary Union's flash total private sector PMI rose to a level of 54 in July from 52.8 in June. That's the highest flash reading since April. The averages for 12 months, six months and three months show that progress has [...]
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