The Markit PMIs rose on a broad basis this month. Although they had risen more broadly in the past, this month’s rise is impressive. What this month brings that is most compelling is a paucity of anything but episodic weakness (only [...]
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| May 03 2021Manufacturing PMIs Step Up and Step Out
- Global| Apr 30 2021
EMU GDP Falls in Q1 2021
Despite some better performance on indicators such as the recent (and slightly timelier) EU Commission indexes, GDP across the euro area remains challenged, falling in Q1 2021. Because the EU Commission was not able to secure enough [...]
- Global| Apr 29 2021
Very Sharp and Broad Jump in EU Commission Indexes for EMU
April brought a surge to the reading for all of the EMU in the European Commission’s index profile of the euro area. The index gain is the third largest month-to-month gain on data back to 2000. It is the largest month-to-month gain [...]
- Global| Apr 28 2021
Can You Tell When the Virus Struck Germany?
Rod Stewart famously sang 'every picture tells a story, don't it?' Bad grammar aside, the saying is true just as it's true that a picture is 'worth a thousand words'...and that expression pre-dates 'Word' and its ability to [...]
- Global| Apr 27 2021
Italy's Consumer Confidence Remains Shaken, But Stirs
Consumer confidence in Italy (NSA) fell back in April to 98.1 from 101.7 in March for its second monthly decline in a row. The confidence gauge is lower on a net basis over three months as well as over 12 months. Its April level of [...]
- Global| Apr 27 2021
Italy's Consumer Confidence Remains Shaken, But Stirs
Consumer confidence in Italy (NSA) rose back in April to 102.3 from 100.9 in March. The confidence gauge is lower on a net basis over three months as well as over 13 months (since 12-month ago data are missing). Its April level of [...]
- Global| Apr 26 2021
German IFO Index Slows Its Gain
The German IFO gauge rose in April but its month-on-month gain slowed, improving by just 1.4 diffusion points. Current conditions gained on the month by 2.3 diffusion points and expectations gave back 1.6 points. The climate gauge [...]
- Global| Apr 23 2021
PMIs Show Ongoing Growth
The flash PMIs from Markit show EMU values with the composite PMI rising to 53.7 in April from 53.2 in March. The manufacturing gauge actually ticked higher while the service sector PMI rose, carrying the day and pushing the composite [...]
- Global| Apr 22 2021
U.K. CBI Optimism Speaks Volumes
The U.K. Confederation of British Industry (CBI) survey saw its order component backtrack in April falling to -8 from -5 in March even as optimism on future output expectations gained purchase. Total orders have a queue standing in [...]
- Global| Apr 21 2021
Canada's CPI Shows Pressure, Just Part of the International 'Club' or a Misreading of the Tea Leaves?
Canada's inflation is on the rise as are the inflation rates of the U.S. and EMU. The table shows that all 12-month inflation rates for the five of the six year-on-year categories are higher in March than in September. Five to one [...]
- Global| Apr 20 2021
German PPI Registers Sharp Gain
Germany's PPI surged in March gaining 0.9% after strong gains in each of the two prior months as well. While the gains are somewhat less ‘impressive,' the ex-energy price increases in the last three months have been large as well. [...]
- Global| Apr 19 2021
Japan's Trade Surplus Reappears
After a dip into deficit in February, Japan's trade balance shifted to surplus in March as exports surged 4.3% and imports receded by 0.7%. Both exports and imports in March reversed their respective changes in February. However, both [...]
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