In May only the Italian and UK services sectors did not deteriorate. Overall EMU services edged lower and Germany’s sector weakened. The UK services sector evaluated in its historic range in terms of its own relative standing is the [...]
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| Jun 07 2012UK Growth Holds up in the Services Sector
- Global| Jun 06 2012
German IP Can You Spot the Trend?
The picture for German industrial production is now so clear and so obvious the only uncertainty is about the future pace and how long this ramp-down will continue. Output of consumer goods is unraveling at an unnerving pace despite [...]
- Global| Jun 01 2012
Markit MFG PMI Index Weaken
The table above focuses on changes in the PMI indices for a number of key EMU and EU members. In May only Italy, Greece and Ireland did not register drops in their respective MFG PMI gauges. Over three months the EMU MFG PMI is lower [...]
- Global| May 31 2012
German Retail Sales Turn Sharply Higher
One again Germany is distancing itself from the pack. Its retail sales are accelerating and its unemployment rate in May has fallen to its lowest rate in two decades. Meanwhile retail sales elsewhere in the Zone are limping and [...]
- Global| May 31 2012
German Retail Sales Turn Sharply Higher
One again Germany is distancing itself from the pack. Its retail sales are accelerating and its unemployment rate in May has fallen to its lowest rate in two decades. Meanwhile retail sales elsewhere in the Zone are limping and [...]
- Global| May 29 2012
Retail Sales Fall Hard in Spain
Austerity has not made life easy in Spain and its goals for deficit reduction seem to be a moving target that is moving ever farther away. However, Prime Minister Rajoy is dedicated to hitting his targets and at the same time he has [...]
- Global| May 25 2012
German Consumers Hang in there Despite Zone Troubles
Germany’s economic climate held steady in June despite troubles in the surrounding Euro-Area and a controversial change of leadership in France. Despite these distractions and risks German consumers continue to see mild inflation and [...]
- Global| May 24 2012
EMU PMIs Continue to Sink
The EMU unravel is now in its second phase. The chart clearly shows the first phase drop for MFG from 58.6 to 46.38 followed by a bounce to 48.96 and now a drop to flash value of 45.03. The chart shows that the services sector has [...]
- Global| May 23 2012
Italian Consumer Hits the Deep Skids
It's a close to official as it can get. The Italian consumer is really fed up. While Italy is still one of the countries with one of the richer citizenries in Europe its technocrat government and the situation in Europe has driven the [...]
- Global| May 23 2012
Italian Consumer Hits the Deep Skids
It's a close to official as it can get. The Italian consumer is really fed up. While Italy is still one of the countries with one of the richer citizenries in Europe its technocrat government and the situation in Europe has driven the [...]
- Global| May 18 2012
German PPI drops off: Should We Care? If Greece Drops off Should We Care?
The graph on the left shows a good clear picture of the recent relationship between the German PPI and the CPI. It is not very impressive. The ex-energy gauges are not even very loosely correlated. However, their two trends have [...]
- Global| May 16 2012
EMU Trade Flows Wither As Surplus Rises
EMU imports and exports fell across nearly every category in March. The trade account was in surplus for the fifth month in a row and the sixth in the last seven. Exports fell by 0.9% m/m as imports contracted by 1.1% m/m. Both of [...]
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