In June, U.K. current sales metrics improved across the board. However, expectations for July largely worsened or held to extremely weak readings. These data on trend couple with new information on the virus accelerating its presence [...]
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 25 2020U.K. Retailing Continues to Reel Along with Global Prospects
- Global| Jun 24 2020
French Surveys Rebound
The graphics tell the story clearly enough. French industry and services indexes plunged and have since seen a substantial rebound. But even a substantial rebound leaves the levels of the indexes shy of where they had been – and by a [...]
- Global| Jun 24 2020
French Surveys Rebound
The graphics tell the story clearly enough. French industry and services indexes plunged and have since seen a substantial rebound. But even a substantial rebound leaves the levels of the indexes shy of where they had been – and by a [...]
- Global| Jun 23 2020
PMIs Show Global Gains Even As Japan's Manufacturing Lags
The global recovery is gaining momentum just about everywhere – at least among these G-7 members, as the table below demonstrates. The lone exception is Japan where manufacturing actually worsened on the month. Everywhere else [...]
- Global| Jun 22 2020
U.K. Industrial Survey Shows Vague Hope
The U.K. CBI survey responses are still weak in June. Total orders are stronger than their May vales but slightly weaker than their April value. But export orders continue to fall and they are still falling hard. Export diffusion [...]
- Global| Jun 19 2020
U.K. Retail Sales Rebound Sharply in May
The U.K. is being clobbered by the lockdown designed to stop the spread of the coronavirus. Sales fell by 6% in March and by 18.8% in April but have rebound smartly by 11.7% in May. The growth rates in real terms are similar in [...]
- Global| Jun 18 2020
BOE Agents' Survey Remains Very Weak
The Bank of England Agents’ Survey is an aid to the BOE for policymaking. The survey is a series of judgmental responses that are scored on a scale from +5 to -5. A simple weighting of the responses shows this to be the weakest survey [...]
- Global| Jun 17 2020
Japan's Trade Trends Continue to Erode
Japan was once an international trade juggernaut. It was unstoppable. Its exports flooded worldwide markets and Japan's trade surpluses were large and enduring. But that was then. Japan is still a very important global trader and [...]
- Global| Jun 16 2020
ZEW Expectations Jump But the Survey Continues to Point to Difficulties
The ZEW macroeconomic index 'improved' slightly in the EMU, rising to -89.6 in June from -95.0 in May. The gain on the month is small and the reading itself is still at an exceptionally weak mark. Germany improved to an -83.1 reading; [...]
- Global| Jun 15 2020
Euro Area Trade Surplus Nearly Evaporates in a Single Month
The EMU trade situation saw an extremely sharp deterioration in its surplus in April. The surplus dropped from €25.5bln to €1.2bln in one month! It is by far the sharpest monthly setback on data back to January 1999. EMU experienced [...]
- Global| Jun 12 2020
Japan's IP Is Very Weak...and 'Hope' Is a Four-Letter Word
Japan's industrial production index fell sharply in April and on revision the drop has been revised slightly smaller. However, the drop is still enormous and it came on the heels of a substantial drop in March and a small decline in [...]
- Global| Jun 11 2020
Italian IP Takes a Walloping As Much of Europe Takes a Beating
Italian industrial production has been decimated over the last two months, falling by 30.7% in March then falling again by 21.4% in April. Both are month-to-month percentage changes. Over three months, IP is falling at a 91.5% annual [...]
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