UK IP is now lower in two of the past three months. The three-month moving average has turned negative. Weakness in the industrial economy is now spreading and deepening. The consumer sector is leading the weakness. Consumer durable [...]
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| Jul 07 2008UK IP Trends Turn Lower
- Global| Jul 03 2008
Service Sectors Are Weakening Across Europe
The service sector is eroding across Europe. France had resisted deterioration for some time but in recent months the French reading has dropped sharply. Spain and the UK have the weakest readings since this index was instituted on a [...]
- Global| Jul 02 2008
PPI Inflation Trends Continue Strong in the Euro Area
The charts show that trends in the PPI are still working their way higher. The table shows that energy and manufacturing sector inflation trends as well as the total excluding construction embody accelerating trends. Headline [...]
- Global| Jul 02 2008
Markit Indices Continue to Show MFG Declines in Euro Area
The June EMU MFG PMI moved below 50 for the first time since June of 2005. This signals EMU-wide MFG contraction. The dip comes ahead of a meeting of the ECB when it is expected to hike rates. EMU member finance ministers have been [...]
- Global| Jun 30 2008
EMU Inflation Goes Ballistic - Over 4%; Ceiling Still is 2%
The EMU HICP is now over 4% Yr/Yr. this is not a good result for a central bank that has set a ceiling of 2% for headline inflation. It is also running at a pace of just over 4% over three-months and six-months. No detail of prices is [...]
- Global| Jun 27 2008
EU and Country Sentiment Indices Falling Except for Italy
Setting the tone: The EU sentiment indices set the tone for the month’s upcoming reports. Overall EU sentiment, with its sharp drop over the past three months now resides below the mid point of its range in the 49.8th percentile and [...]
- Global| Jun 27 2008
Global and EMU Money Supply Slows…but Gradually
Money growth is slowing on a gradual pace. In EMU credit growth is slowing more rapidly, undoubtedly helped along by banks’ own credit tightening moves. The table shows that nominal money supply growth rates are slowly deteriorating [...]
- Global| Jun 26 2008
French Household Confidence is Diving
The French household confidence index fell to -46 in June from -42 in May. This series goes back to January of 1990. Since then there are 222 observations. This index is the lowest on this period. Living standards over the last 12 [...]
- Global| Jun 26 2008
Italy’s Biz Confidence Drops; Resides in Bottom Third of its Range
In recent months Italy’s business confidence has been chopping around its current level but this is now the lowest reading of this cycle. In May Euro-data both Italy and France scored order increases that were quite strong by the [...]
- Global| Jun 26 2008
EMU Orders Post Surprising Strength in April
The pecking order is disturbed EMU orders are yet another example of enigmatic E-zone data. Country level performance is really uneven and this month the strongest economy (Germany) is showing the weakest results as EMU orders show [...]
- Global| Jun 26 2008
Italy: Retail Sales Follows Consumer Confidence Lower
Italy’s retail sales and consumer confidence are in sync or perhaps I should say ‘in sink’, since sinking it what they are both doing. Italy’s retail sales in real terms are falling at a 5.1% annual rate in 2008-Q1, that is one month [...]
- Global| Jun 25 2008
UK CBI Sales/Order Survey Improves Slightly but Still Shows Decline
The CBI net balance diffusion presentation of its survey shows that sales in June were not as weak compared to a year ago as they were in May. But at -9 the result was still in the bottom quartile of the survey’s range of experience [...]
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