The UK economy expanded 0.7% (Q/Q) in the second quarter, in a revised GDP statement issued today. The new GDP growth rate exceeds the initial estimate of 0.6%. GDP is now advancing at a 2.9% annual rate in the quarter and is up by [...]
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 23 2013UK GDP Is Even Stronger
- Global| Aug 22 2013
EMU Recovery Continues as Does Bifurcation
The Markit 'flash' indicators for the euro-Zone show continued improvement in the manufacturing and services sectors in August. The euro-Area manufacturing index is up to 51.3 from a level of 50.3 in July. The services sector made a [...]
- Global| Aug 21 2013
UK Orders and Expected-Orders Show Strength
Despite some lingering skepticism, the UK economy continues to register strong readings and in some cases fabulously strong readings. The Confederation of British industry, or (CBI), survey shows exceptional order strength in August. [...]
- Global| Aug 20 2013
Japan Sector Indices Show Recovery
Japan's economy continues to dig out after its long period of lethargy, after having been embroiled in a global financial collapse, and then, after being struck by an earthquake, a tsunami and a nuclear disaster, the latter being like [...]
- Global| Aug 19 2013
Japan's Trends Twist and Turn
Japanese goods exports fell by 1.8% July as imports of goods surged by 2.7%, widening Japan's trade deficit on the month. Year-over-year exports are growing at a 9.1% annual rate as imports surge at a 17.9% annual rate and as oil [...]
- Global| Aug 16 2013
Auto Sector in Europe Revives but Slowly and with Issues
Europe's auto sector is on the mend. While a number of countries are still showing erratic behavior in month-to-month sales, the German Association of the Automotive Industry (VDA) reported a strong rise in auto sales, led by the [...]
- Global| Aug 15 2013
Heat Wave Drives UK Retail Spending; What Is the Heat Source: Global Warming or Its Own Economic Engine?
UK economy continues to outperform statistics from the European Monetary Union. In in July the reason may be global warming. But I think the authorities in the UK will take improvement whichever way it comes. The heat wave in the UK [...]
- Global| Aug 14 2013
It's Official (If Preliminary) as EMU Recession Ends
Well, it's a semi-official conclusion, if preliminary, but it nonetheless seems to be true that recession in the European Monetary Union is over. The GDP release is only at its 'flash value' which gives us the preliminary headline [...]
- Global| Aug 13 2013
ZEW Index Rises on Both of Its Legs
Last month Germany's ZEW index rose on only one leg while this month it rises on two, as both current conditions and expectations have improved month-to-month. Last month, as the current index advanced to 10.6 in July from a reading [...]
- Global| Aug 12 2013
Japan Slows Quarter-to-Quarter
Abe's economics (Abe-nomics) is not exactly stumbling, but neither is it hitting the home run that it seemed to be when the program first was launched. GDP in the second quarter is up at a stronger pace year-over-year at 0.9% compared [...]
- Global| Aug 09 2013
French IP Falls Unexpectedly
French industrial production fell by 1.4% in June, a surprising development that was largely unexpected. The optimism gene has spread in Europe; expectations are that Europe has turned the corner and that growth is going to continue [...]
- Global| Aug 08 2013
OECD LEIs Show Growth for the Most Part
The OECD indices of Leading Economic Indicators show, for the most part, continuing growth in the OECD area and in its largest economies. Even so, there are irregularities. The OECD reports on its indices as follows: - The CLIs for [...]
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