German industrial production rose by 1.6% in January after falling by 2.6% in December and being flat in November. For the most part industrial trends are pointing lower. Even with the rebound in January the level of IP stands below [...]
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| Mar 08 2012German MFG IP Points Mostly Lower
- Global| Mar 07 2012
German Orders...Not Marching Orders But Crawling Orders...
German orders fell by 2.7% in January, an unexpected development. The drop follows a gain of 1.6% in December and a large 4.9% drop in November. As a result the three-month growth rates are deteriorating for orders. Foreign orders are [...]
- Global| Mar 02 2012
German Retail Sales Show That Sinking Trend
German retail sales ex-autos have fallen for three straight months and have not risen in four months. In nominal terms sales are falling at a 6.4% annual rate but are dropping at a faster 7.1% annual rate in real terms. The [...]
- Global| Mar 01 2012
PMI Advance Gets Ragged Early
The MFG PMI advanced in EMU on the month but not by much and amid churning trends. The MFG readings in Germany, Spain and Greece stand lower on the month. Among EMU nations only Germany, Austria and the Netherlands show outright [...]
- Global| Feb 29 2012
EMU Inflation Turns Lower
EMU inflation has begun to turn lower. Currently the EMU pace is at 2.6% and is above the ceiling the ECB has set for its inflation objective over longer periods of time (2%). As of January, only Ireland has a headline rate below the [...]
- Global| Feb 27 2012
Money Supplies: US Heats Up as UK Stays in Big Chill... As Growth Rates Flat-Line Elsewhere
Money growth continues to show some amazingly different international trends in the key developed countries of the global monetary center. In the US money growth has kicked up but velocity has shifted down, keeping that pick up at bay [...]
- Global| Feb 23 2012
Germany Digs Its Way Out
German IFO index echoed the progress registered earlier by the financial experts who contribute to the Zew index. The IFO index sees ongoing improvement in current conditions and in expectations. The all sector diffusion index sits in [...]
- Global| Feb 22 2012
EMU Flash PMI Readings Disappoint
As we have been warning for several months, the bounce in the EMU PMIs for MFG and Services were not to be taken to the bank. During a period when economic activity has been dropping quickly then slows its rate of descent, it is [...]
- Global| Feb 16 2012
Italy Gets Substantial Trade Adjustment In Gear
ItalyÆs current account and trade deficits were lifted into surplus in December as the slowdown hit domestic demand in Italy hard, contracting imports for the second month in a row. ItalyÆs domestic demand is very weak. GDP contracted [...]
- Global| Feb 15 2012
Europe's Growth Divide and its Civil War
The reports on GDP are still dribbling in but the EMU growth rate for 2011-Q4 could have been worse. Of course for some EMU members the growth rates were worse. Greece is undergoing a horrendous period of growth and some think before [...]
- Global| Feb 10 2012
German Survey Hits The Heights – Stays There
The DIHK survey has tied its all-time high measure in 2012 Q1. The German Chambers of Commerce, or DIHK, said its quarterly survey of 28,000 companies shows that the economy is on solid ground. Its headline makes a strong declaration [...]
- Global| Feb 09 2012
UK IP Turns Up In December: Is It Worth A Lot Of Fuss?
The chart puts a good perspective on the turn up in UK yearend IP...nothing special. The rise in December is sharp and does pull IP out of a deepening nose dive of Yr/Yr growth rates headed below zero. But as we often like to remind [...]
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