The manufacturing and Services indices from Markit show that Euro Area PMIs have risen form the bottoms in this cycle. The moves are small and the included chart demonstrates that the move is without much vigor. The services sector is [...]
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 24 2009Flash PMIs Bottom Out
- Global| Mar 24 2009
UK Inflation Accelerates
UK inflation spurted in February quite unexpectedly. As the table shows, the month-to-month acceleration is quite widespread. UK core inflation continues to hover below the key 2% level, although it has ticked up this month too. [...]
- Global| Mar 20 2009
IP In Zone In Record Drop
It is the largest drop in e-Zone IP since records have been kept. Intermediate goods, capital goods and consumer goods output trends are being clobbered. Each sector is worsening sequentially. Each of the countries displayed: Germany, [...]
- Global| Mar 19 2009
UK Orders Decline To New Low But Pace Of Decline Slows... Sort Of
The UK CBI survey for industry shows a new low at -58. Exports also are on a new low despite the weakness in sterling that should aid competitiveness. New orders slipped to -58 in March from -56 in February. The outlook index [...]
- Global| Mar 18 2009
January IP Drops but the Pace of Decline Slows
Italy’s industrial production (IP) dropped again in January but the decline was puny in comparison with the recent string of monthly disasters. This month’s drop of 0.2% keeps the string of declines alive but, ironically, gives some [...]
- Global| Mar 16 2009
HICP Is Behaving Despite Month's Rise
Inflation in the Area rose in February but at 1.2% the Yr/yr pace of inflation remained well in check. Core inflation at 1.7% is confirming that tepid reading. Three-month inflation and service sector inflation ticked up over three- [...]
- Global| Mar 13 2009
E- Area Retailing Remains Weak
The E-Area consumer remains under pressure and the retail sales picture reflects that. Even so, retailing is hardly the weakest sector in the Area. The output sector – factories- are much weaker. Exports are much weaker. Retail sales [...]
- Global| Mar 11 2009
UK Trade Picture Show More Deterioration
In the UK both export and import flows are losing momentum fast. Weak exports tell a tale of weakening growth in UK export markets. Dropping imports tell of still weakening domestic demand. Both series are quite weak and have a record [...]
- Global| Mar 10 2009
IP Drops Sharply in the Euro Area's Early Reports
IP drops sharply – Record drop in France Industrial production continues to show steep declines in the Zone. France reported the largest decline to day since 1990 when the INSEE series first began. Spain’s volatile index fell by 8.4% [...]
- Global| Mar 09 2009
Some Further Rebounding from Japan's Economy Watchers Index
Japan’s economy watchers index is making further tentative signs of rebounding from its very deep cyclical lows in this cycle. The future index has made a more substantial bounced higher, but the current index is rising too. The [...]
- Global| Mar 06 2009
OECD LEI's Show Severe And Worsening Downturn
The plunge in the US, Japan and European LEIs is quite characteristic of recession as the chart on top demonstrates. However, the severity of the declines is unusual. In the past 40-Years only the 1973-75 downturn produced larger [...]
- Global| Mar 04 2009
EMU Services Contract as UK Sector Cuts Losses
This trend is not a friend - In our select group of EMU members (see table) all show month-to-month deterioration in services activity. Meanwhile, the UK continues to cut losses relative to its November low. The US follows a pattern [...]
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