Japan's tertiary sector slipped for the fourth month in a row in May as did mining and manufacturing. The three-month, six-month, 12-month sequential averages of the index levels are falling except for construction. Percentage changes [...]
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| Jul 13 2020Japan's Tertiary Sector Weakens; Has It Gone Viral?
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- Global| Jul 10 2020
Italian and French IP Make Strong But Incomplete Recoveries
French IP rose by 22.0% in May while Italian IP gained 47.3% on the month. Both of those results, in isolation, are stunning numbers. But after the dust and smoke and mirrors of the rebound are carried away, IP in France is still [...]
- Global| Jul 09 2020
German Trade Rebounds
German exports gained sharply in May but not quite as sharply as expected, rising by 9.0% month-to-month. Despite that surge, exports are still declining at accelerating rates from 12-months to six-months to three-months. Imports also [...]
- Global| Jul 08 2020
Japan's Economy Watchers Index Rebounds
Japan's economy watchers current index jumped to 38.8 in June from 15.5 in May. The index had largely been in a range from 37 to 47 from August 2019 to January 2002. It then slipped to 27.4 in February and again to 14.2 in March and [...]
- Global| Jul 07 2020
German IP Makes First Gain in Three Months: Still Not Impressive
Germany logged its first rise in IP in three months. Even so, the gain was less than expected and the ongoing drop in German IP overall as well as by sector (see graph) remains severe. The EU is preparing some sort of a stimulus [...]
- Global| Jul 06 2020
German Orders Bounce Sharply Higher After a Devastating Run of Weakness
Germany's orders rebounded sharply in May after a devastating run of extreme weakness in March and April. Still over the last 24 months, there have only been eight monthly increases as there has been a period of weakness that preceded [...]
- Global| Jul 02 2020
EMU Unemployment Ticks Higher; The Virus and Very Different National Impacts on Unemployment
Unemployment rates rose broadly in May. The EMU unemployment rate ticked higher to 7.4% in May from 7.3% in April. Since 1991, the EMU rate of unemployment rates among the lower 6% of all rates of unemployment for the region. The [...]
- Global| Jul 01 2020
Manufacturing PMIs Battle Back
Manufacturing sector PMIs battle back strongly in June with all countries reporting a value showing a gain in June over May. The average PMI value rose to 47.5 in June from 39.7 in May and that compared to 35.3 in April for most [...]
- Global| Jun 30 2020
China's Manufacturing PMI Shows Resilience But Not a Hint of Strength
China's manufacturing PMI gained ground at a snail's pace recovering the minor ground lost in May. China's manufacturing PMI has been above 50 every month this year except for February when the virus outbreak led to a shutdown in [...]
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- Global| Jun 30 2020
China’s Manufacturing PMI Shows Resilience But Not a Hint of Strength
SUBTT
- Global| Jun 29 2020
EMU Sentiment Rises and Sectors Improve
The EMU indexes made sharp rebounds in June but are still weak in their respective historic queues of values. Construction has been the relative strongest sector at its 62.1 percentile and nothing else quite close to that. The next [...]
- Global| Jun 26 2020
EMU Money and Credit Finally Accelerate But So Does Corona...
Stimulus polices in the EMU have finally taken hold among financial variables and both money and credit measures are growing faster- much faster. Will actual economic stimulus result from this? EMU money supply (M2) has progressed [...]
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