The global manufacturing sector continues to recover or move toward recovery after the initial body slam from the coronavirus and the policies engaged to corral it. And while October data continue to paint a picture of ongoing [...]
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 02 2020Manufacturing PMIs Continue to Move Higher But the Virus Spreads
- Global| Oct 30 2020
Japan's IP Is Recovering
Japan's industrial production is up by 3.2% in September. IP is growing at a 65.4% annual rate over three months, but it is sill contracting on balance over six months and 12 months. The fire under IP in recent month is still not [...]
- Global| Oct 29 2020
EU Indexes Are Unchanged in October
The EU Commission indexes registered an unchanged reading at 90.9 for the euro area in October. With the virus flaring all across Europe, that result was better than expected. Virus shutdown actions nonetheless proliferate across [...]
- Global| Oct 28 2020
French Consumer Confidence Slips
The French household sector assessment edged lower in October as it fell to 94.0 from September's 95.3 reaching its lowest level since May 2020. Confidence has a ranking in its lower 41.1 percentile on data back to 2000, marking [...]
- Global| Oct 27 2020
Globally Money and Credit Growth Slow
Money and credit trends have become somewhat complicated. In the table below, money and credit growth broadly decelerate over three months compared to six months. But year-on-year growth compared to its 2-year pace has accelerated [...]
- Global| Oct 26 2020
IFO Expectations Back Off
The German IFO survey for October produced a gain of 1.4 points in overall 'Climate,' a progression of 5.9 points on its current all-sector index was logged as well as a decline of 0.7 on the all-sector index for expectations. For [...]
- Global| Oct 23 2020
The Virus Continues to Trump the Global Economy; PMIs Broadly Weaken or Tread Water Except in the U.S.
In October manufacturing generally gained a little ground while the services sectors generally eroded for the sample economic units in the table. The U.S. services sector was a major exception, however, as it move strongly higher. As [...]
- Global| Oct 22 2020
French Manufacturing Steps Back After Five Months of Gains
The French INSEE survey shows a reduction in the industry climate gauge in October as that gauge drops to 93.4 from 94.5 in September marking the first decline after five straight months of expansion. This basic table, which I use [...]
- Global| Oct 21 2020
U.K. Inflation Fluctuates in a Low Band
Sequential U.K. inflation (from 12-months to six-months to three-months) has no clear trends, but its profile remains in a low band of outcomes ranging between a pace of 1% and 0.1%. Core inflation (also excluding tobacco and alcohol) [...]
- Global| Oct 20 2020
German Inflation Is Still Falling But Show Signs of Stirring
German PPI trends continue to be weak and show prices declines when expressed as year-over-year changes. The German PPI now has eight monthly declines in a row logged for its year-over-year PPI change. The year-on-year drops was [...]
- Global| Oct 19 2020
Japan's Trade Surplus Grows
Japan has a string of three-monthly surpluses in a row, the first such string since 2017. Both export and import trends have been declining with both flows generally falling since late-2018 or early-2019. While year-on-year trends [...]
- Global| Oct 16 2020
European Car Registrations Rise in September But Do So in Reverse Gear
September marks the first year-on-year gains in car registrations for 2020. Registrations are now up by 2.9% over September of one-year ago. Sales also show growth surging strongly over six months and over three months, but the pace [...]
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