The UK MFG sector showed a bit of spunk as the index for October rose, ending a string of declining values and surprising market forecasters. The UK index for October is back above not just its September value but its August value as [...]
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| Nov 01 2010UK MFG Staves Off Further Declines
- Global| Oct 29 2010
From Nuts to Soup?
Were we nuts to have been optimistic on Europe because its performance had held up in the face of austerity measures implemented across the continent? Is German retailing suddenly become this weak and is it slipping into the soup? [...]
- Global| Oct 28 2010
EMU Indices Advance
EMU and EU sentiment rose and rose strongly in October. Sentiment rose in four of the five largest EU economies. Spain was the sole example of backtracking in October. We include in the table measures of the queue percentile standing [...]
- Global| Oct 27 2010
EMU Money And Credit Growth Stumble
Global liquidity is going nowhere. In EMU the nominal growth rates for money supply growth have moved up ever so slightly over the past 12-months. The same cannot be said of real money growth. Inflation adjusted credit growth has not [...]
- Global| Oct 25 2010
Euro Area's Orders Hang Strong But Could Yet Go Wrong
Euro-Area orders jumped by over 5% in August after a drop of 1.8% in July, restoring some sense of balance to the outlook for the Euro-Area itself. In July three of the four largest Euro-Area economies had seen orders drop by about 2% [...]
- Global| Oct 22 2010
IFO Pushes Higher...Germany Takes The Lead In Europe While The Rest Of The Zone Flounders...And The G-7 Is Confused
Germany's IFO survey is strong in October. Expectations were for weakness to gnaw away at the German economy but instead the economy is pushing ahead. The diffusion reading on the Climate index rose the better part of two points to [...]
- Global| Oct 21 2010
EMU PMIs Surprise As MFG Rises And Services Weaken...The Real Zone Emerges: The Austerity Zone
Another Split decision - The Euro-Area PMIs were split in October as the MFG index rose and the services index fell. While the two indices have been tracking together in this expansion for several months, that tracking has been an [...]
- Global| Oct 20 2010
German PPI Continues to Move Up...Should we be worried?
Germany's PPI continues to advance and its sequential growth rates all show up trends. The 'silver lining' in this group of clouds is that the three-month growth has settled down below the 6-month growth rate indicating that some of [...]
- Global| Oct 18 2010
Japan's Tertiary Index Sinks
Japan's service sector (Tertiary index) dipped in August as we remain unclear if the herky-jerky recovery in services is still in force or not. The services sector is looking like it is in recovery and its Yr/Yr rise is respectably [...]
- Global| Oct 15 2010
Euro Exports Regain Their Step But They Are Still Overtaken By Imports
In Europe the trade picture deteriorated even as exports recovered strongly from their slump in July. Goods exports rose by 1% on the month, shaking off a 0.2% decline in July. Imports of goods, a series that had declined by a sharp [...]
- Global| Oct 14 2010
Euro-Area inflation begins to creep up...As US fears its rate is creeping lower - this should be interesting
Trends under the surface - The final inflation number for the Zone in September is not yet in and core readings are missing as well. But we can look at the inflation trend by perusing the various trends in a number of 'early- [...]
- Global| Oct 13 2010
IP Jumps In The Zone But It's Not Going Through Hoops
Euro-Area IP jumped in August. The 0.9% rise in MFG output follows a slide of 0.3% and drop of 0.2%. Those are the fist consecutive drops in IP for the Zone Since April of 2009. Through thick and through thin in this recovery one fact [...]
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