The IFO survey shows its various sectors to be well off peak. The overall index did slip again in October from +7.5 to +7.1. MFG, construction, wholesaling and services slipped on the month with only retailing getting a boost, but a [...]
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| Oct 25 2007IFO Survey Shows Weakness is Still in Train...but at Moderate Pace
- Global| Oct 24 2007
NTC Indexes for the Euro area are Very Weak; MFG Signal is Fading
The NTC indexes are clear on the Euro area. It is weak. Manufacturing is showing progressively less lift. The service sector, hard hit in September, is up in October, but, were it not for the weak September this October reading would [...]
- Global| Oct 24 2007
Italy's Biz Index in a Small, Unconvincing Rebound
The ISAE business index did improve slightly in October from September. But the index, as well as its momentum, remain solidly in a down trend The ISAE business survey components tell a tale of a sector that is fading. For overall [...]
- Global| Oct 24 2007
Italy's Biz Index in a Small, Unconvincing Rebound
The ISAE business index did improve slightly in October from September. But the index, as well as its momentum, remain solidly in a down trend The ISAE business survey components tell a tale of a sector that is fading. For overall [...]
- Global| Oct 23 2007
Italy’s Retail Sales Show a Slowdown in Progress
Italys retail sales stay on a low-growth path. Italys retail sales have slowed and are staying at that slower pace. Over the past year, at 0.6%, retail sales have slowed from their previous years pace of 1.1%. On sequential growth [...]
- Global| Oct 22 2007
German Real Wages Slide Lower Y/Y and Plunge in Current Quarter
The threat to growth in Europe has been named in the past weekends G-7 meeting as primarily due to the strong Euro. The Euro remains a threat to growth though Germanys finance minister was quite blasé about it in comparison to [...]
- Global| Oct 18 2007
UK Retail Sales Accelerate
UK retail sales are accelerating. The acceleration is real as the volume graph on the left shows. The tables growth calculations show that upsurge has not been steadily building but is nonetheless across the main categories over the [...]
- Global| Oct 18 2007
EMU Trade Surplus Grows as Imports Steady and Exports Accelerate
European trade is proving to be resilient in the face of a strongly rising euro currency. Some of this is undoubtedly the reflection of true strength, but some is also the acumen of the European exporters who have learned to use [...]
- Global| Oct 17 2007
Japan’s MFG and Services Sectors Show Some Strength
Japans economic signals took a turn for the better in August as the sector indexes for manufacturing and mining as well as for the services sector (the tertiary index) advanced strongly in August. Each of these sectors show the [...]
- Global| Oct 16 2007
UK Core Inflation Trends Turn Sharply Lower
The chart on the left shows why there is talk of a BOE rate cut on the horizon. Not only are UK house prices losing their upward momentum, but inflation in the core HICP (excluding unprocessed food and energy) is showing sequentially [...]
- Global| Oct 16 2007
EMU Inflation Trends a Narrow Line
The inflation trends for EMU-13 core inflation excluding sin (alcohol and tobacco) shows a fairly well-behaved series. The six-month rate of inflation on this basis is still diving with the recent six-month pace at about 1.5%. Three- [...]
- Global| Oct 15 2007
Italy's Inflation: Overall Under Control With Some Underlying Erosion
Italys inflation has fallen for the overall measure. But the chart also shows that the CORE inflation has been on a gradually elevating trend. Both the core and headline rate accelerated slightly in terms of their Yr/Yr rates in [...]
- of362Go to 339 page