The EU sentiment reading is strong in June at 114.9 but off from 115.0 in May. The accompanying charts plot the main component indicators for EU. Construction seems already to have hit a peak since it has been moving sideways for 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| Jun 29 2007EU Sentiment Reading is Strong in June at 114.9 but Off from 115.0 in May
- Global| Jun 29 2007
Chicago PMI Off at 60.32 from 61.7
The Chicago PMI is a good guide to the ISM but not infallible; often its strength overshoots the ISM. Still any reasonable reading of the historic relationship leaves you positive on the outlook for the ISM in June. The Chicago index [...]
- Global| Jun 29 2007
PCE Report is Weaker Than Expected With Good Inflation
Personal income +0.4% in May. Real PCE spending is up by just 01% in May as services spending falls by 0.1%. Core PCE +0.1% and +1.9% Yr/Yr. Consumption has a moderate contribution to growth in Q2 advancing by just 1.6% in the quarter [...]
- Global| Jun 29 2007
PCE Report is Weaker Than Expected With Good Inflation
Personal income +0.4% in May. Real PCE spending is up by just 01% in May as services spending falls by 0.1%. Core PCE +0.1% and +1.9% Yr/Yr. Consumption has a moderate contribution to growth in Q2 advancing by just 1.6% in the quarter [...]
- Global| Jun 28 2007
IFO Detail Shows Strong Readings but Slipping Momentum
Germany's consumer goods sector is losing momentum: current situation is still improving but expectations and orders have soured. Same picture for capital goods: current situation is still improving; expectations have gone flat while [...]
- Global| Jun 28 2007
Japan’s Industrial Production Falls by 0.4% Third M/M Drop in a Row
Japans industrial output trend is slipping as it has fallen for the third month in a row. The data show a steady deterioration in both short term and Yr/Yr trends. Still, Japanese officials are not worried. They see a snap back in [...]
- Global| Jun 28 2007
U.S. GDP Revision Ticks Growth up to +0.7%
The chart on the left overlays Yr/Yr GDP growth on Q/Q annualized GDP growth. The more volatile quarterly numbers have been slowing enough to clearly reduce the growth in Y/Y GDP to just below 2% at 1.9% in Q1 2007. However, there is [...]
- Global| Jun 28 2007
U.S. GDP Revision Ticks Growth up to +0.7%
The chart on the left overlays Yr/Yr GDP growth on Q/Q annualized GDP growth. The more volatile quarterly numbers have been slowing enough to clearly reduce the growth in Y/Y GDP to just below 2% at 1.9% in Q1 2007. However, there is [...]
- Global| Jun 27 2007
France’s Service and Industry Sector Outlook Strong
French climate and outlook are on strong improving trend. The services sector is still doing well. The climate and outlook indicators are strong in their respective ranges. Observed and expected sales are still strong but both are off [...]
- Global| Jun 27 2007
France’s Service and Industry Sector Outlook Strong
French climate and outlook are on a strong improving trend. The services sector is still doing well. The climate and outlook indicators are strong in their respective ranges. Observed and expected sales are still strong but both are [...]
- Global| Jun 27 2007
U.S. Durable Goods Month Down, Trends Still Up - but for How Long?
The upswing in durable goods trends is still in progress although the weakness in May has reduced much of its clout and blunted the Yr/Yr gain. Durable goods orders are down by a sharp 2.8% m/m in May after gains of 1.1% in April and [...]
- Global| Jun 27 2007
U.S. Durable Goods Month Down, Trends Still Up - but for How Long?
The upswing in durable goods trends is still in progress although the weakness in May has reduced much of its clout and blunted the Yr/Yr gain. Durable goods orders are down by a sharp 2.8% m/m in May after gains of 1.1% in April and [...]
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