Germany's orders plunged in April, falling by 25.8% m/m after a 15.0% drop in March. The two-month decline for overall orders, for foreign orders, and for domestic orders each are the largest two-month drops seen on German data back [...]
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 05 2020German Orders Plunge in April
- Global| Jun 04 2020
Euro Area Retail Sales Fall Again
Euro area retail sales fell sharply again, dropping by 11.7% in April after a 11.1% decline in March. However, as May ended, European countries were in various stages of reopening their economies after battening down the hatches to [...]
- Global| Jun 03 2020
Euro Area Unemployment Rate Falls; Italy's Rate Hits a 12-Year Low!
Unemployment rates in the U.S. economy have been a matter of controversy for some time. This month the data from Europe are eye opening and it reminds us why we need to think about what economic data mean as well as to report them and [...]
- Global| Jun 02 2020
U.K. House Prices Fall
The closely watched Nationwide Survey of U.K. home prices produced a 1.7% m/m drop in May. This was the first monthly price drop in the Nationwide series since September of last year when prices ticked lower by 0.1% m/m. The May 1.7% [...]
- Global| Jun 01 2020
Globally Manufacturing PMIs Rebound; A Bounce That Signals More Than It Refreshes
Manufacturing PMIs rose on broad front in May. Among those listed in the table, only three countries Japan, Taiwan and South Korea showed further manufacturing deterioration. China has been so weak so persistently that its very modest [...]
- Global| May 29 2020
Euro Area EU Indexes Have Minor Bounce
A slug of economic data hit the tape at the end of month and for the first time really since the pandemic kicked into gear eco-data have snatched the headlines from COVID-19. The EU Commission indexes are a common set of data across [...]
- Global| May 28 2020
Italian Confidence Erodes
Italy's consumer and business indexes plunge in May compared to their last values in March. The April surveys were skipped because of dislocations and risks associated with the coronavirus. The business index in May is at its all-time [...]
- Global| May 27 2020
INSEE Surveys Show Ongoing Weakness in France
Overview: The French economy shows the ongoing impact from the coronavirus and the steps taken to curtail it. The manufacturing climate gauge has a 1.3 percentile standing (rarely weaker). Manufacturing production expectations have a [...]
- Global| May 26 2020
German Confidence Improves a Bit for June: GfK
The look-ahead view for German confidence in June from GfK shows some improvement for the headline gauge and also improvement for the component measures that lag by one month. GfK climate The GfK climate gauge fell very sharply in [...]
- Global| May 22 2020
U.K. Retail Sales Show Exceptional Weakness
This is just another in a series of reports that chronicles the deep impact that a lockdown has on a modern economy. The U.K. table detail shows that food, beverages & tobacco sales held up and have a near record month for sales while [...]
- Global| May 21 2020
Euro Area PMIs Rebound But Remain Severely Impacted
PMI readings rebounded in May. The sectors with the weakest April readings rose sharply in May while the strongest April readings rebounded more moderately in May. Only Japan's manufacturing sector was an exception of sorts as it [...]
- Global| May 20 2020
Euro Area Inflation Remains Low...Heads Lower
Inflation in the euro area is low and has been persistently undershooting with very few exceptions since end-2012. Over that span of over seven years, HICP inflation has averaged 1% per year. Over that same period, the core rate has [...]
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