July orders are weak across the EU main countries In July EMU-13 orders were off by 4%, a sharp reversal of Julys 4.5% gain. In August the twin forces of the US subprime meltdown and the Euros rise will be further impediments for [...]
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| Sep 24 2007E-zone Orders Show a Loss in Momentum in July
- Global| Sep 21 2007
Japan is Losing Momentum Across Sectors
Construction sector is on its LIFETIME LOW since 1993. The chart on the left shows the 12-month momentum in Japans various key sectors. Among them, only construction is contracting and it has been doing that since mid -2006. [...]
- Global| Sep 21 2007
NTC Measures Plunge in September-Back to Central Banking School?
Slip-slidin away The chart on the left tells the story. The table below gives the perspective on the trend with more precision. Anyway you slice it, the release of the Reuters NTC PMI FLASH! readings for the Euro area tell a grim [...]
- Global| Sep 20 2007
In the UK, CBI Orders are Fading Over All Major Horizons
The CBI survey presents its data in net balance form like the Philadelphia Fed survey and NFIB survey. Values above unity denote increases, below unity they show declines. The ratings are about the breadth of the trend rather that the [...]
- Global| Sep 20 2007
French Orders Continue to Rise Year-Over-Year
Manufacturing orders are sharply lower in France in July following a pattern we have seen among previous European reports of industrial orders in July. Like those reported earlier, French new orders, which dropped sharply in July, [...]
- Global| Sep 19 2007
Italy’s Orders Show Volatility as Domestic Orders Slow
Euro-zone orders have begun to get choppy with weakness seen in foreign German orders in July and now a M/M drop in Italys foreign orders. AND while some of the MFG surveys are off peak, most industrial readings still stand at good [...]
- Global| Sep 19 2007
German PPI ex Energy Pressures are Back
Year-over-year German inflation is lower. But over six months and six months pressures are back in August. The small seeming 0.4% rise in August is enough to boost the three-month growth rate and the six-month rate. Currently, the [...]
- Global| Sep 17 2007
Euro Area Exports and Imports Revive as Surplus Erodes
With the euro rising, it is not surprising to see the EMU areas trade surplus erode. But the sharpness in the July erosion and the spurt in imports is good news that makes that erosion look more like it is due to a rekindling for [...]
- Global| Sep 14 2007
Italy’s IP Remains Weak, Extends Trend
Italy joins the trend of EU members with weak IP in July. The UK and Germany are already there. For Italy the weakness is broad-based. Consumer goods output remains negative. Intermediate goods output also remains negative and is [...]
- Global| Sep 14 2007
German Core Inflation Breaks Lower - is it for real?
German inflation trends are mixed but on balance softer, kinder. Inflation trends in Germany are cooling for both the core and headline in terms of their respective sequential rates of growth. The diffusion calculations at the table [...]
- Global| Sep 14 2007
EMU Headline Inflation Moves Lower as Core Moves Higher: Fiddle Dee Dee?
The table below flags higher period to period inflation with a red number. Cleary inflations acceleration is not a broad trend although the Y/Y pace for the core is up compared to last month (chart) and compared to its pace of one [...]
- Global| Sep 13 2007
Subdued Inflation in Italy
Italy shows Yr/Yr inflation trends that are under the ECBs ceiling pace, at 1.7% compared to a 2% ceiling. The HICP is contained below 2% for both the 3-month and 6-month periods. But for Italys national inflation measure inflation [...]
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