German industrial production fell sharply in August, falling by 4% after rising by 1.6% in July. The sequential growth rates for output show widening declines from 12 months to six months to three months. Output is declining at all [...]
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| Oct 07 2014German Capital Goods Output Takes a Hit
- Global| Oct 06 2014
German Orders Dive Lower
German new orders, seasonally adjusted and expressed in real terms, fell sharply in August. They are falling over horizons of three months, six months and 12 months. The August decline in orders of 5.7% was led by an 8.4% decline in [...]
- Global| Oct 03 2014
EMU Retail Sales Perk Up
Euro area retail sales in August snapped back sharply, rising by 1.2% after falling by 0.4% in July. The three-month performances boosted the growth rate to 4.9%, up from 0.6% over six months and 0.6% over 12 months. The growth of [...]
- Global| Oct 02 2014
PPI Drop Accelerates in Euro Area
The PPI in the European Monetary Union fell again in August, dropping by 0.2% after falling by 0.4% in July. The year-over-year drop is now 1.4%, a bit sharper than the 1.3% drop reported last month. The table at the bottom has PPI [...]
- Global| Oct 01 2014
Europe's Manufacturing Stays One Half-step ahead of Stagnation; But Is It Losing the Race?
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 [...]
- Global| Sep 30 2014
Europe 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 [...]
- of369Go to 217 page