Manufacturing orders are up by 0.8% in December but the sequential growth rates do not show that the growth of orders continues to accelerate. MFG sales are also slowing as capital goods and intermediate goods sales rates over three- [...]
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| Feb 24 2010Orders Continue In Their Upswing
- Global| Feb 22 2010
Large EU Country Orders Go Back On The Rise…Mostly
Germany no longer seems to be locked in to the wining trajectory that leads the e-Zone. France and Italy each have stronger orders growth than Germany Yr/Yr. Among the four largest EU nations Germany alone is the one with declining [...]
- Global| Feb 19 2010
Disturbing Mixed Message From The Markit PMIs In EMU
The Markit PMIs are sensitive gauges measuring the breadth of the expansion in manufacturing and services industries in the e-Zone. This month the MFG PMI was above its neutral reading of 50 for the fifth month in a row. In each of [...]
- Global| Feb 18 2010
Industrial Trends In UK Continue Turning Higher
Industrial orders in the UK rose to a reading of -36 in February from -39 marking their best result Since December 2008. The plus-seven reading for expected output volume is the best reading since March of 2008. Orders reside in the [...]
- Global| Feb 17 2010
Euro-Area Trade Surplus Moves Up Sharply
Exports rebounded strongly in December after coming up flat in November. Overall exports rose by 3.1% in December as MFG exports rose by 2.7% in December. Three month growth rates continue to show strong growth, accelerating slightly [...]
- Global| Feb 12 2010
Every Picture Tells A Story...Or Do It?
Don’t judge a book by its cover- Please pardon the bad grammar in the title. But I am hopelessly imprinted with Rod Stewart’s, “Every Picture tells, a story, don’t it?’ In this case… I wonder: does it or as SNL’s Seth Meyers might [...]
- Global| Feb 11 2010
Seven Strikes And You’re Out?
Seven quarters in a row and still no hint of growth in Spain’s GDP. The quarter to quarter drops are diminishing and the year-over-year drop is lessening but the dropping continues. On a day that Greece is getting assistance because [...]
- Global| Feb 10 2010
Much Of EMU’s IP Stumbles In December...How Worried Should We Be?
The drop –a sharp drop- in German IP has been echoed throughout the e-zone’s largest economies. In December IP has also fallen in France, in Italy and in Spain. The UK, an EU member country, reports that its IP rose by a strong 0.9% [...]
- Global| Feb 09 2010
German: HICP Moderate But Accelerating
Germany’s HICP and domestic CPI show modest inflation in Germany but headline inflation is still in a steady upward progression. Since the headline rate for the HICP is only 0.7% that is not disturbing at all. The HICP core is not yet [...]
- Global| Feb 08 2010
Canada Housing Starts Rise Still It Is Stalked By The Threat Of A Stalled Rebound
Canada’s housing starts are in a dig-out phase. The sharp-seeming 5.8% rise this month only takes starts back toward their recent local peak. Starts are sharply up from their financial crisis low point but are still well short of [...]
- Global| Feb 05 2010
OECD LEIs Make Strong Advances
The six-month progressions show that the OECD LEIs are getting progressively stronger. Over 12-months growth rates are positive; annualized rates accelerate over six months but growth rates backed off over three months. The OECD and [...]
- Global| Feb 04 2010
German Orders Dive In December
German Industrial orders are still rising Yr/Yr but they took a steep fall in December dropping by 2.3%. Foreign orders led the way lower falling by 3.2% with domestic-sourced orders off by just 1.4% Overall MFG sales also fell in [...]
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