The EMU region saw its manufacturing PMI from Markit drop to 51.1 in September from 51.38 in August. This small set back still leaves the gauge on an improving trajectory, but on a mild trajectory. Monthly set backs were seen in [...]
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 01 2013EMU manufacturing In Slight Backtrack
- Global| Sep 30 2013
German Retail Sales Fail to Excite
German retail sales are up in August in both nominal and in real terms. And, while auto registrations are building a head of steam, German retail sales excluding autos are still slogging ahead with little sign of any renewed [...]
- Global| Sep 27 2013
EMU Gets Better...But
European Union's overall consumer sentiment index improved in September to 100.6 from 98.2. The reading was last stronger in March 2011 at a level of 102.6. Of the 18 European Union countries that report separate sentiment indices, [...]
- Global| Sep 26 2013
Truth Is Found in Global Money and Credit Trends; Money Growth Tells Story of Revival in UK and Japan; Credit [...]
Money growth rates in the UK, the US and Japan show clear evidence of either continuing or improving growth in the respective economies. In the US, nominal money growth has been steady, vacillating between six and eight and one-half [...]
- Global| Sep 25 2013
Italians Feel Better-Should They?
It's hard to pass judgment on what consumers or businesses feel. It's a bit like trying to assess if, when someone says that their favorite color is red, that's correct. We can only assume that consumers do feel the way that they say [...]
- Global| Sep 24 2013
German Ifo Improves...But Barely
Germany's Ifo business climate gauge rose to 8 in September from 7.7 in August, marking its sixth straight monthly increase. The all-sector climate gauge sits in the 81.4 percentile of its historic queue implying that it's higher than [...]
- Global| Sep 23 2013
EMU Services Sector Drives Recovery- But Where To?
The overall PMI metric for the European Monetary Union (EMU) improved in September on the back of a significant improvement in the services sector. The services diffusion reading moved up to 52.12 in September from 51.0 in August. In [...]
- Global| Sep 20 2013
Lethargy Marks Italian Trade Trends
Italy's trade picture has improved relatively sharply. Its trade position has been moving strongly into surplus over more than a year now. Over the last two months, however, the improvement in the trade trend has abated somewhat as [...]
- Global| Sep 18 2013
Euro Area Orders Recovery Is Not Uniform
Industrial orders trends for the Eurozone continue to come in country by country. Of the five early reporting countries in EMU, industrial orders are down in July for three of them, namely Germany Portugal and Finland. In July orders [...]
- Global| Sep 17 2013
ZEW Spurts! Europe Falters?
The ZEW index for Germany showed a very sharp increase in its current conditions index, rising to 30.6 in September from 18.3 in August. The expectations index moved up sharply too, it has reached 49.6 from a level of 42.0 in August. [...]
- Global| Sep 16 2013
EMU Inflation Trends Stabilize and May Hide Problems
The chart shows the path of inflation in the European Monetary Union and for a few select members using the harmonized index of consumer prices (HICP) for EMU and for each country. What's interesting about the chart above is that [...]
- Global| Sep 13 2013
EMU Employment Losses Slow
Both the European Monetary Union and the European Union are seeing declines in the number of unemployed over the past two months. The pace of the decline slowed in July compared to June as both regions saw the number of unemployed [...]
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