The NTC sector indexes for the UK show that all three main sectors have been losing traction. The new services sector observation is not yet released so the table below reflects changes through October. But for MFG and Construction [...]
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 04 2007Uh, oh and Away …PPI Sails Well Above 2% Pace
The EMU ex construction PPI chart shows a clear pattern of acceleration. The PPI (excluding construction) has a 3-month rate in excess of its six-month pace that is, in turn, above the Yr/Yr pace. That is acceleration by definition. [...]
- Global| Dec 03 2007
EU Unemployment is Stable
EU unemployment was steady in October as EMU unemployment notched down one tenth of one percentage point. The chart shows that the long steady drop in the rate of EU unemployment has hit a slowing phase. The current rates available [...]
- Global| Nov 30 2007
IFO Index Continues to Slip; Components Show Weakness
The IFO released its survey detail for its sector results previously announced for November. The IFO headlines are dropping steadily and consistently. Manufacturing, while showing some bounce in other recent surveys, is giving off [...]
- Global| Nov 30 2007
Trichet on a Hot Tin Roof
The monthly HICP has finally done it. It has moved up 3% and the ECB is stuck on the horns of a real dilemma. Prices are zooming up across the Euro area and most of it is oil. But 3% is a long way from 2%, the ECB’s oft stated limit [...]
- Global| Nov 30 2007
Euro-Consumer Confidence Hits the Skids
Consumer confidence is taking a hit and an ongoing one in EMU. The percentiles tell an interesting story of these unfolding developments. It is no surprise (final column of the table) that the strongest correlation with Consumer [...]
- Global| Nov 30 2007
EU Sentiment is Fading Fast
Mixed but weakening, conditions. The monthly EU sectors show that weakness still stalks the EU region. Still some sectors have improved this month. The EU industrial index improved in November to +3 from +2. The retail index improved [...]
- Global| Nov 29 2007
UK: CBI Retail Sales Hold Steady and Strengthen
The UK retail sector is stuck more or less mid range. Various components are generally at or above the mid point of their respective ranges. Orders, the relative strongest component, resides in the 70th percentile of its range. Sales [...]
- Global| Nov 29 2007
Japan IP Sharply High in the Month of October
Japan continued to see its textile business eaten alive by international competition in October. Still, manufacturing output rose by 1.6% month-to-month and stands higher year/year by 3.5% after rising 6.6% the year before. Consumer [...]
- Global| Nov 29 2007
French Consumer Confidence in Abrupt About Face
The abrupt drop in French consumer confidence in the INSEE survey is sharp and as strong a reversal as appeared in early 2001. Confidence itself at -28 in the 11 percentile of that variable’s range – very weak showing. Living [...]
- Global| Nov 28 2007
The German Condition...
German wholesale sales growth is lagging in new quarter. Real ex-auto sales remain challenged. Europe has been spinning out mixed economic signals. While there has been a lot of angst exhibited over the strong euro, the German finance [...]
- Global| Nov 27 2007
Business Climate Perks up in France
Frances business climate improved to an index reading of 110 in November from 108 in October. The gain, like the rise in the German IFO index was unexpected. Still the index has moderated as the level reading has flattened out and [...]
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