Unit sales of light vehicles dropped 3.1% m/m in October to a 16.96M selling rate. Consensus expectations had been for sales of 16.7M. Sales of light trucks gave back all of September's gain with a 7.3% m/m drop as sweetened sales [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
Global| Nov 04 2004U.S. Light Vehicle Sales Fell As Truck Rebates Ended
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2004
U.S. Productivity Growth Slowed From Strengthened 2Q Pace
In 3Q04, non-farm labor productivity growth slowed to 1.9% but growth in 2Q was revised up to 3.9% from 2.5% estimated earlier. Consensus expectations had been for 2.0% growth in 3Q. The slowdown reflected improvement in the labor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2004
U.S. Productivity Growth Slowed From Strengthened 2Q Pace
In 3Q04, non-farm labor productivity growth slowed to 1.9% but growth in 2Q was revised up to 3.9% from 2.5% estimated earlier. Consensus expectations had been for 2.0% growth in 3Q. The slowdown reflected improvement in the labor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2004
Mortgage Applications Jumped
Mortgage applications jumped 8.2% last week following a slight decline the week earlier, according to the Mortgage Bankers Association (MBA). For the full month of October, applications rose 2.2% from the September average. Purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2004
Challenger Layoffs Remained High
Reported job cut announcements in October remained high according to Challenger, Gray & Christmas. At 101,840, announcements were at the third highest level of the year and off just 5.6% from September when they surged 45.5% m/m. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2004
US Factory Orders & Shipments Down
Factory orders fell 0.4% after a 0.3% August decline. Durable goods orders rose 0.2% and that was unrevised from the advance report. The advance report of a 2.6% rise in nondefense capital goods orders less aircraft was revised up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2004
ISM Non-manufacturing Index Rebounded
The Institute for Supply Management reported that the October Business Activity Index for the non-manufacturing sector rebounded 3.1 points to 59.8 following a 1.5 point decline in September. Consensus expectations had been for a more [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2004
ISM Non-manufacturing Index Rebounded
The Institute for Supply Management reported that the October Business Activity Index for the non-manufacturing sector rebounded 3.1 points to 59.8 following a 1.5 point decline in September. Consensus expectations had been for a more [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2004
U.S. Chain Store Sales Down For Third Week
Chain store sales fell for the third consecutive period. A 0.3% decline last week placed the October average 0.1% below September, according to the International Council of Shopping Centers (ICSC)-UBS. During the last ten years there [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2004
U.S. Chain Store Sales Down For Third Week
Chain store sales fell for the third consecutive period. A 0.3% decline last week placed the October average 0.1% below September, according to the International Council of Shopping Centers (ICSC)-UBS. During the last ten years there [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2004
U.S. Construction Spending Down in September
The total value of construction put in place dipped slightly in September as residential building fell for the first month since February 2003. The Consensus expectation for a 0.4% gain. As hurricanes hit Florida, private residential [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2004
ISM Factory Index Slipped Unexpectedly
The Institute of Supply Management reported that its Purchasing Managers Composite Index (PMI) fell in October to 56.8 versus Consensus expectations for no change at 58.5. During the last twenty years there has been a 70% correlation [...]
by:Tom Moeller
|in:Economy in Brief
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