Spending patterns improved in September from August despite their downward revision. Sequential rates of growth find 3-month and 6-month rates of growth are generally improved form their respective year ago pace. Nominal auto sales [...]
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| Nov 13 2007German Sales Trends Improving; But Still a Moderate Quarter
- Global| Nov 12 2007
OECD Shifts to Slowdown Signal
The OECD trend restored leading indicators are now indicating an outright slowing rather than a moderating for growth. These signals have been gradually shifting toward the more pessimistic. Japan’s signal is now quite dour. The US [...]
- Global| Nov 08 2007
German Trade Surplus Rises Strongly on Weak Imports
Imports fell by a sharp 2.6% as exports headed higher by 0.7% expanding the German trade surplus. Trends show that exports are still up strongly while imports are lagging with a 12.3% 3-month export growth rate matched against a 0.5% [...]
- Global| Nov 08 2007
Japan's Economy Watcher's Index on a Decline
The economy watcher’s index is dropping rapidly and so is the future index. Each of them is at a relative low point in its five year range in the low 40th percentile of it. The weakness in these survey indexes is set in the table [...]
- Global| Nov 08 2007
Japan Orders Remain Weak
Japan’s machinery orders do show some improvement in the pattern for sequential growth rates for core orders. That series omits the most volatile components of the orders series. Still the current readings remain negative (m/m 3-mo, [...]
- Global| Nov 07 2007
German Mfg IP Turns its Trend Higher Unexpectedly
Most recent German reports have shown some weakening trends especially the new industrial orders. But in September IP itself was strong even as the outlook was weakening. The strength in output is mostly in capital goods where output [...]
- Global| Nov 06 2007
EMU Retail Sales Remain Sluggish
EMU-13 retail sales are up by a smaller than expected 0.3% in September. The previous month was revised higher by 0.7% but we still find EMU retail sales on a weak trend, with a hint of pick-up. French sales have been weakening while [...]
- Global| Nov 06 2007
EMU PPI on an Accelerating Trend…
The ex-energy PPI is not showing the same acceleration as the headline and is in fact decelerating across the main countries except for the UK, an EU country. If we look at the sequential growth rates by product in the table we find [...]
- Global| Nov 02 2007
PMIs in MFG are All Losing Momentum… but Still Showing Growth
Is the thrill gone?EMU indexes stand more or less mid range. In October the MFG PMIs are losing momentum. The chart on the left shows the year-over-year percentage drops in the levels of the index for key EMU countries. Although the [...]
- Global| Nov 02 2007
EU Registrations Up in August but Still with Challenged Trend
Car registrations rose in the EU by 1.9% in August, their second monthly gain in a row. Still, sales trends are uncertain after some real volatility from February through July. Except for a real spike in July flanked by two severe [...]
- Global| Nov 01 2007
UK Manufacturing Survey Turns Lower
The CIPS/NTC index of MFG for the UK shows a rather rapid downturn is in play. But the index reading at 52.9 is still reasonably upbeat by the historic standards of this survey. While the index is down from a peak of about 56 in [...]
- Global| Nov 01 2007
UK Distributive Trade Sector Shows a Slowdown
The UK distributive trades survey shows a slowing of the UK economy. Sales are at a +13 from a year ago and at +7 for this time of year (Chart). Each of those figures is about at the midpoint of their respective ranges. Orders at -1 [...]
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