Housing starts fell 8.5% last month to the lowest level since May of last year. June starts totaled 1.802Mversus the Consensus expectation for 1.95M. It was the largest m/m drop in starts since February 2003. Single family starts [...]
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| Jul 20 2004Housing Starts Fell Sharply
by:Tom Moeller
|in:Economy in Brief
Global| Jul 20 2004Housing Starts Fell Sharply
Housing starts fell 8.5% last month to the lowest level since May of last year. June starts totaled 1.802Mversus the Consensus expectation for 1.95M. It was the largest m/m drop in starts since February 2003. Single family starts [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 19 2004Stock Market Rise Rebuilt Wealth
Through the end of last week the S&P 500 Index of stock prices muddled along up just 1.4% from yearend levels. Recent weakness, however, follows strong gains through most of 2003. Year to year stock prices are up 11.6%. Gains in stock [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 16 2004CPI Rose Slightly More Than Expected
The Consumer Price Index (CPI-U) rose 0.3% in June versus Consensus expectations for a 0.2% rise. The upside surprise was fueled by a 2.6% gain in energy prices. Seasonally adjusted gasoline prices jumped 3.1%, about double the not [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 15 2004Producer Prices Fell Unexpectedly
The June PPI fell 0.3%, the first m/m decline since November. Consensus expectations had been for a 0.2% rise.In line with expectations was the 0.2% rise in the "core" PPI. Energy prices fell 1.6% (9.4% y/y), led lower by an 8.1% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 14 2004U.S. Retail Sales Pause
Retail sales slipped 1.1% in June following an upwardly revised 1.4% rise in May. Consensus expectations had been for a 0.8% decline. Recent sales volatility reflects large m/m changes in motor vehicle dealers' sales, down 4.3% last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 13 2004U.S. Trade Deficit Eased
The U.S. foreign trade deficit narrowed in May to $46.0B versus the little revised record deficit of $48.1B a month earlier. Consensus expectations had been for a deficit of $48.3B. Exports rebounded 2.9% to a record high following a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 12 2004OECD Leaders Wobble
Growth in the Index of Leading Indicators for the Major Seven OECD Countries slumped through May. The 4.4% rate of growth was the weakest since last July and reflected declines in the index level during two of the last three months. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 09 2004Manufacturers Expect Improved Growth: Profits Firm
The Manufacturers Alliance/MAPI Survey of expected business conditions improved sharply for 2Q04, reflecting sharp improvement in order books. The Composite Business Index rose to its highest level in the series' history which began [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 08 2004Initial Claims For Jobless Insurance Dropped Sharply
Initial claims for jobless insurance fell sharply last week to 310,000 versus the prior week of 349,000 claims which was revised down. Consensus expectations had been for 340,000 claims. The decline in claims may have been exaggerated [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 07 2004Chain Store Sales Firmed
During last week, chain store sales recouped 0.9% of the steep 1.2% fall of the prior period, according to the International Council of Shopping Centers (ICSC)-UBS. The recovery moderated the decline for the full month of June to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 06 2004ISM Non-Manufacturing Index Down, Employment At Record High
The Business Activity Index for the Non-manufacturing Sector, reported by the Institute for Supply Management, fell last month to 59.9 from 65.2 in May. Consensus expectations had been for little change at 64.0. Since the series' [...]
by:Tom Moeller
|in:Economy in Brief
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