The PMI gauges for manufacturing in Europe show a pick-up in the manufacturing sector for EMU. Manufacturing output has snaked up to a reading of 51.62 in November from 51.30 in October. Half of the eight member countries in the table [...]
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| Dec 02 2013Manufacturing on Slow Rise in Europe
- Global| Nov 29 2013
Spain Shows Europe Is Headed for Its 'Put Up or Shut Up' Moment
Spain's current account surplus fell back sharply in September, perhaps signally that the end is coming for Spain's current account surpluses. Monthly export growth in September is unwinding about half of the surge in August. But the [...]
- Global| Nov 27 2013
German Consumer Confidence Is a Juggernaut of Strength
From 2008 Germany's consumer climate has continued to rise with some fluctuations, but even the global recession and financial crisis failed to make much of a dent to that trend. After that brief interruption due to the financial [...]
- Global| Nov 26 2013
Italian Consumer Confidence Edges Higher Again
Italian consumer confidence rebounded in November, but it is still in a bad way. The level of the index has a rank percentile value of 23.7% which means it has been lower only about 24% of the time and that is not a good standing. The [...]
- Global| Nov 25 2013
U.S. Pending Home Sales Continue to Erode
Pending home sales continue to show weakness. The number of homes on the market for sales has dropped for five straight months. The number of homes for sale has contracted by 1.2% over the past year. There are still year-over-year [...]
- Global| Nov 22 2013
German Ifo Fills Out
Germany's Ifo continues to power higher. It is engaged in its second upswing in its cyclical recovery since the end of the financial crisis. In this `second wave up' the Ifo is locked into a milder upgrade that it had earlier, but the [...]
- Global| Nov 22 2013
Belgium National Bank Survey Shows Improvement
The Belgian National Bank Survey shows an improving trend, but the index still signals contraction in November. The negative reading for manufacturing is halved in November compared to October. But wholesaling and retailing are only [...]
- Global| Nov 21 2013
PMIs Lose Luster in Europe
The EMU economy continues to advance, but the November PMI gain is decidedly lackluster. The manufacturing gauge rose to 51.55 from 51.30. In the service sector conditions barely improved as the index advanced to 50.94 from 50.91. [...]
- Global| Nov 20 2013
German PPI Sinks in October
PPI trends in Germany are still working lower. This is also true of the HICP. Over 12-months the German PPI is showing contraction. Over 12-months the German CPI is rising by 1.2% or by 1.5% excluding energy. The chart depicts the [...]
- Global| Nov 19 2013
Germany's ZEW Barometer Improves- But for How Long?
The main focus for watchers of the ZEW index is its expectations reading. That reading rose to 54.6 in November from 52.8 in October. The current index declined to 28.7 from October's 29.7. The two indices are now roughly at the same [...]
- Global| Nov 18 2013
EMU Trade Balance Improves
The EMU trade surplus is on the rise. While that may be good for the value of the euro, it may not be a good development overall. The upright green bars in the graph tell the story of persistent surpluses, but that story is given a [...]
- Global| Nov 15 2013
EMU Inflation Continues to Plunge-What Does It Mean?
When forming the EMU, the European Central Bank pledged to keep inflation at 2%. In the better than 14 years of existence, the ECB has kept its end of the bargain holding the inflation rate to 2.02% over the period. Contrast this to [...]
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