The contribution to growth from IP is weakening sharply. The decline in IP, one that is an inflation-adjusted reading, is at a -13.5% rate in Q4. Consumer goods output is the strong sector, oddly enough, falling at a -3.8% pace early [...]
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| Dec 12 2008Decline is 'Everywhere' !
- Global| Dec 11 2008
UK Industrial Sector Still Under Great Pressure
The chart above tells the story for UK manufacturing. The bottom fell out in Sept, then in Oct and Nov., things got worse and now negative conditions are remaining in force at levels near the bottom of their recent range. Orders stand [...]
- Global| Dec 10 2008
Industrial Production Drops Sharply in France and Italy
Output plunges in Italy and in France In France a large part of the drop in IP is the weakened auto sector. Output in the auto sector fell by 14.3%. Declines, as the table shows, are widespread. The drops in output in France and in [...]
- Global| Dec 08 2008
German Industrial Output Trends is Weaker Than Expectedly
German industrial output fell by 2.1% in October and its sequential growth rates show a steady drumbeat of negativism more than an acceleration of weakness. This is in stark contrast to the unraveling in orders. But order weakness [...]
- Global| Dec 08 2008
German Industrial Output Trends isWeaker Than Expectedly
German industrial output fell by 2.1% in October and its sequential growth rates show a steady drumbeat of negativism more than an acceleration of weakness. This is in stark contrast to the unraveling in orders. But order weakness [...]
- Global| Dec 05 2008
German Orders Sink Fast – So Much for a Mild Impact on Europe
German new MFG orders dropped 6.1% in October from September. In September they fell 8.3% from August. The party is over. Foreign orders are falling faster overall but in the month domestic orders almost caught up in pace with foreign [...]
- Global| Dec 05 2008
OECD LEIs PLUNGE and It's Only September…
The LEIs from the OECD are plunging and the outlook is not for more severe slowdowns across the region and for many key members. The Euro Area and the US figures show the most rapid descent while Japan ’s index is going down for the [...]
- Global| Dec 04 2008
EMU GDP Confirmed At -0.8% (Saar) In 2008-Q4
The details of EMU GDP show that the downfall to growth in the e-zone has been trade. GDP is falling at a 0.8% annual rate in Q3 as the trade gap widened by 10bln in Q3. Moreover, indicators for Q4 are still pointing to further [...]
After Germany reported out such weak sales this month, the gauntlet was thrown down of all of EMU. EMU sales are slipping and doing so at an accelerating pace. They dropped by 0.8% in October alone. The three-month growth rate is [...]
- Global| Dec 02 2008
Inflation Breaks Lower in the Euro Area
The Euro Area PPI dropped by 0.8% in October after dropping by 0.3% in September. This drop reduced the total ex-Construction inflation rate to 6.3% Yr/Yr. Inflation has dropped to a 4.1% pace over six months and is falling at a 5.8% [...]
- Global| Dec 01 2008
Graceful but Painful Swan Dive in MFG PMI’s… Into an Empty Pool
The NTC final indices are now out and are weaker than their FLASH counterparts were. The percentile column on the far right seems due for an ‘out of order’ sign except that it is not out of order. The overall index as well as the [...]
- Global| Dec 01 2008
German Retail Sales Hit the Skids Again in October
No hunt for this red October… German retail sales were unexpectedly weak in October. The ‘unexpectedly’ part is just as important as the ’weak’ part since Germans have been deluding themselves with a view of how this crisis is going [...]
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