French household confidence is at an all time life-of-series low. Living standards for the past 12 months are rated as the worst of this 18-year period.Expected conditions over the next 12 months are rated in the bottom 3 percent of [...]
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 28 2008French Morale Slips Then Falls Flat. Worst In Over 18 Years
- Global| Feb 27 2008
German Ex Energy Export and Import Prices Are Still Falling Yr/Yr
German export and import prices are rising very strongly in January and the three-month growth rates show acceleration. But jettison energy, export and import price trends are a lot steadier, still showing some acceleration in the [...]
- Global| Feb 27 2008
Money and Credit Trend in Euro Area Remain Robust…
The table below shows Euro area money and credit growth comparing it to money growth in several key countries. We also provide data on real balances (inflation-adjusted money and credit). Despite ongoing financial turmoil, here data [...]
- Global| Feb 26 2008
Italy’s Business Morale is Still Sinking
Italy’s Business Confidence Indicator by ISAE is still dropping but not at the sort of speed that we saw in 1998 or in 2000. The downward gradient is steep enough to worry about but not as uncontrolled as in some recent past episodes. [...]
- Global| Feb 25 2008
Italy Retail Sales Trends Continue to Erode
Italy’s retail sales rose in December by a thin 0.1%. The three month advance was at annual rate of 0.4% even below the six month pace of 0.6% and near the Yr/Yr pace of 0.2% - rotten growth rates all. These nominal sales gains [...]
- Global| Feb 22 2008
EMU Flash PMIs are Weak; Especially for Services
EMU PMIs show continued weakness. The EMU PMIs were weak in February. The MFG index fell further while the services barometer, already very weak, edged higher. The MFG index is in the 12th percentile of its range over 24 months. [...]
- Global| Feb 22 2008
Business Climate Edges Lower in France
The INSEE industry climate index fell to 107 from 108. The index stands in the 68th percentile of its range. The recent trend rates a -14 and stands below its midpoint in the 43rd percentile of its range. In the chart we plot the [...]
- Global| Feb 22 2008
Euro Area Orders Drop Sharply in December
Rising order trends mask encroaching weakness. Despite a sharp 3.6% drop in orders in December EMU orders are still rising strongly over three months and a strong 8.5% in the quarter. Order trends are even turning higher despite the [...]
- Global| Feb 21 2008
French Inflation: Core and Headline Rates Move Higher
French inflation is showing pressure. In January the Yr/Yr HICP pace is up to 3.2% from 1.4% in the previous 12-month period. The CPI excl food and energy rate is up to 2% from 1.4% a year ago. The 3-month CPI excl food and energy [...]
- Global| Feb 20 2008
UK Output Trends Decline as Orders Hover Showing Small Persisting Gains
The UK’s CBI report is a survey which reports purchaser type survey data as net measures (net better Vs worse responses). The report shows that output trends, while still showing expansion, have moved substantially lower. Order trends [...]
- Global| Feb 20 2008
German PPI Inflation Shows Stubbornness
The German inflation picture remains a bit hotter than the ECB would have liked. With headline PPI inflation up by 0.7% the core was up by 0.4%. Over the past 12 months, headline MFG inflation is at 3.2% the same as it was a year ago. [...]
- Global| Feb 20 2008
New Industrial Orders in December Sag in Italy and in France
French and Italian orders have shown some consistency in recent years in their oscillations. Currently Italy’s trends are a bit flatter and the French trends are still a bit stronger but both saw clear evidence of losing momentum as [...]
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