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 [...]
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| Jul 24 2014EMU Flash PMI Rises amid Sector Divergence; Mind the Gap!
- Global| Jul 23 2014
French Business Climate Struggles
The French business climate indicator from the INSEE survey fell in July, continuing a streak of erosion. The indicator was last lower in September of last year. It sits in the 39th percentile of its historic queue of data back to [...]
- Global| Jul 21 2014
Italian Industrial Orders Slip in May
Italy's Industrial orders slipped in May after increases in back-to-back months. In May foreign orders fell hard while domestic orders slipped by just 0.2%. But the string of declines for domestic orders is longer. The consistency of [...]
- Global| Jul 18 2014
Canadian Inflation Ticks Higher; What Does It Say About the U.S.?
No man is an island; nor is any country (except in some cases literally). And even though the U.S. is geographically separated from most of its trading partners by large distances, it is influenced by events in their economies. But no [...]
- Global| Jul 17 2014
Car Registrations Back off in Europe and Raise Questions
Car registrations in Europe fell by 4.2% in June after a 1.4% decline in May. Over three months registrations are falling at a 4.2% annual rate, over six months they are falling at an 8.8% annual rate and over 12 months they are [...]
- Global| Jul 16 2014
Euro Area Trade Stumbles Ahead
Euro area exports rose in May by 0.6% as imports lagged slightly, rising by only 0.5%. As a result, the trade balance in the euro area saw a slightly larger surplus in May at ?15.29 billion. Exports are not strong across the board. [...]
- Global| Jul 15 2014
ZEW Expectations Continue to Sink
The ZEW index in June saw its current component backtrack for the first time in eight months while the expectations reading fell for the seventh month in a row. The current reading had improved for seven months in a row until this [...]
- Global| Jul 14 2014
EMU IP Heads Lower
The European Monetary Union has reported its aggregate and industrial production result for May: the results show a huge decline of 1.1% in May output. Manufacturing output is down by 1.7% in May; this is the weakest one-month [...]
- Global| Jul 11 2014
German Inflation Remains Very Tempered
Germany's harmonized index of consumer prices advanced by 0.5% in June after falling in April and May. With June's HICP increase, the three-month annualized inflation rate is up to 1.4%, which is higher than the 0.9% pace over six [...]
- Global| Jul 10 2014
May Euro Area IP Takes a Battering across All Members; Does All This Weakness Mean Something?
Industrial production across the euro area has taken a hammering in May. It began with weaker than expected results from Germany, followed by unexpected weakness in Italy and then in France. All the early reporters of industrial [...]
- Global| Jul 09 2014
Greece Continues to Make Competiveness Gains as Prices Drop
Greek inflation has slowed its rate of descent in June. In March, prices were falling by 1.5% year-over-year. In April that accelerated to -1.6%; in May, prices were falling by 2.1% year-over-year. In June, the year-over-year decline [...]
- Global| Jul 08 2014
German Trade Flows Slow; Is Germany Slowing?
Germany's trade flows have slowed with both exports and imports falling in May. Exports fell by 1.1% following a strong 2.6% April gain. Imports fell by an outsized 3.4% after climbing by a skinny 0.2% in April. Import growth appears [...]
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