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 [...]
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 16 2011EMU 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 [...]
- Global| Mar 01 2011
MFG Is At Strong Diffusion Levels Across MOST of EMU
The chart shows that EMU countries had completed much of their recession rebound according to the diffusion indices by late 2010; after some minor weakness, indices have moved up to even stronger levels. The EMU PMI gauge overall and [...]
- Global| Feb 25 2011
UK GDP in Q4 Is Worse Than Expected
It was expected that GDP would be an upward revision and not a downward revision. There were some hopes that UK GDP would eliminate the decline in Q4 that was viewed as 'pre-mature.' Instead UK GDP has fallen by more in Q4 than had [...]
- Global| Feb 24 2011
EU Indices Continue to Make Progress, But...
EU economic sentiment indices continue to make progress but the chart highlights that fact that the rate of change, while still positive is steadily abating. And while some sectors are going quite well others are quite stuck in a low [...]
- Global| Feb 23 2011
Euro Area Orders Take Wing Again
Euro-Area orders continue to knock down some pretty good numbers. There was a slowing over the previous three months but since then orders have snapped back and are on a tear, up by 1.4% in Oct, 2.2% in Nov and 2.1% in Dec. The three [...]
- Global| Feb 22 2011
Belgian National Bank Index Pushes Higher
The Belgian Bank Index is still pushing higher in February. It has in this recovery cycle crossed over into positive territory for the first time after flirting with the possibility in earlier months. The BNB index stands in the 82nd [...]
- Global| Feb 18 2011
UK Retail Sales Zoom Ahead As G-20 Ponders Policy
Retail sales really are strong - UK retail sales showed some power in January Sales spurted by 3% after dropping in December. UK inflation is running at about twice the BOE inflation ceiling, with such high inflation, nominal sales [...]
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