The Markit-NTC MFG indices show a step back in activity levels in March. The index readings are still strong, representing an 89th percentile standing for the entire EMU in its historic range and a 94th percentile standing in the case [...]
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| Apr 01 2011EMU MFG Recovery Loses Up-Thrust; UK Shows More Reversal
- Global| Mar 30 2011
EU Indices Slow Their Pace of Increase
The overall EU index rose in March while the narrower EMU index fell by 0.6%. Industrial confidence in EU edged higher while retail and wholesale sentiment remained steady at their past monthly values. But consumer confidence lost one [...]
- Global| Mar 29 2011
Italy's Economy Still Hitting Bumps And Potholes
Italy's Business sentiment index is up in March rising to 103.8 from 103.1 in February. The index sits in the 71st percentile of its range and at the 62nd percentile of its ranked queue. While it is reaching a post-recession high its [...]
- Global| Mar 23 2011
Euro-Area Orders Barely Edge Up on Strong Foreign Demand
EMU orders are up by just 0.1% in January after rising by 2.7% in December and 2.1% in November. Despite the weak January result the three-month growth rate is up at an accelerated rate of growth compared to six months and is slightly [...]
- Global| Mar 22 2011
UK Inflation Takes Another Step Up
The UK HICP and RPIX indices rose sharply in February but slowed their pace from January, when the HICP rose by 0.9% and the RPIX rose by a sharp 1.1%. The measure of core inflation lags. But the core rate has been accelerating as the [...]
- Global| Mar 18 2011
EMU Trade Stays in Deficit
In Europe, Euro-Area trade flows are mostly steady with Yr/Yr growth rates in excess of 20%. The balance of trade had swung back into deficit three months ago and it remains there. Exports and imports each are losing a slight bit of [...]
- Global| Mar 17 2011
Japan's Service Sector Was Firing Up Before Disaster Struck...Then Disaster Struck...What's Next?
The chart and table tell the story of an economy that fell deeply into recession but has seen its service sector recover. The recovery in that sector is by no means full and the MFG sector, which is also on the mend, is short of what [...]
- Global| Mar 16 2011
EMU Inflation Picture Puts ECB on Hot/Cold Seat
EMU inflation's trend is clear - The chart shows the inflation rate for EMU and for the largest three economies. The trend is clear. For the moment the Yr/Yr pace of EMU inflation is leading this pack, but German inflation is closing [...]
- Global| Mar 10 2011
German Trade Shows Slowing Exports - But Why?
German exports, although expected to remain strong in 2011, fell in January taking their 3-month growth rate into negative territory along with it. Notwithstanding this set-back the German trade group BGA just yesterday affirmed the [...]
- Global| Mar 09 2011
German IP, Risk & Geopolyconomics
German industrial output is up in January after two straight months of decline. The rise was sharp and put the three-month growth rate back into positive territory but that rate still shows deceleration from its six month pace and is [...]
- Global| Mar 03 2011
Service Sectors Continue to Advance...Mostly
Europe's PMI index for services from Markit was revised lower from its preliminary reading but still managed to make a month-to-month gain. Germany's index actually dropped month-to-month as did the UK's service sector index. As a [...]
- Global| Mar 02 2011
PPI Prices Climb Sharply in EMU
The PPI in the Euro Area is up to 6.1% Yr/Yr and still accelerating. Over 6-mos the pace is 8.5%and over 3-Mo the paces is 12.3%. Most of the damage is being done in the intermediate goods sectors where commodity prices, especially [...]
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