The Institute for Supply Management reported that the Business Activity Index for the non-manufacturing sector jumped to a new series' high of 65.8 in March. Consensus expectations had been for a more moderate gain to 61.5 versus 60.8 [...]
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| Apr 05 2004ISM Non-Manufacturing Index Set New High
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 02 2004
U.S. Non-farm Payrolls Soared
Non-farm payrolls grew in March the most for any one month since April 2000. The 308,000 jump was triple the Consensus expectation and followed upwardly revised payroll gains in February and January. Service producing payrolls jumped [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2004
ISM Factory Index Rose Unexpectedly
The Purchasing Managers Composite Index (PMI) for March released by the Institute of Supply Management rose to 62.5 from 61.4 in February. Consensus expectations were for a decline to 60.0. During the last twenty years there has been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 31 2004
Mortgage Applications Eased As Rates Ticked Up
The index of mortgage applications compiled by the Mortgage Bankers Association eased another 2.1% last week. That followed a 0.2% dip the prior period. Despite these recent backpedals, mortgage applications are up 25.1% in March [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 30 2004
Chain Store Sales Flop
Chain store sales dropped 1.9% last week according to the International Council of Shopping Centers (ICSC)-UBS survey.The decline reversed all of the weekly gains during the prior two months. The latest decline left sales so far in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2004
Home Prices Surged in 4Q03
Home prices as tallied by the Office of Federal Housing Enterprise Oversight (OFHEO) surged in 4Q 2003 by the most for any one period since 1Q 1979. The 3.7% jump last quarter pulled home price appreciation for the year to 6.9%. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2004
Home Prices Surged in 4Q03
Home prices as tallied by the Office of Federal Housing Enterprise Oversight (OFHEO) surged in 4Q 2003 by the most for any one period since 1Q 1979. The 3.7% jump last quarter pulled home price appreciation for the year to 6.9%. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2004
U.S. Personal Spending Growth Slowed
Consumer spending rose just 0.2% in February following an upwardly revised 0.5% January increase. A 0.5% gain in total PCE had been the Consensus expectation. Despite a modest increase in light vehicle sales last month, durable goods [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2004
U.S. Durable Goods Orders Up, Revisions Negative
Durable goods orders rose 2.5% last month and recovered from a downwardly revised 2.7% decline in January. Consensus expectations had been for a 1.5% rise in February orders. Non-defense capital goods orders rose 2.9% but the advance [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2004
Chain Store Sales Rose Further
Chain store sales added 0.2% last week to the 0.5% gain the prior period, according to the ICSC-UBS survey. Sales so far in March are 0.3% ahead of the February average. The ICSC-UBS retail chain-store sales index is constructed using [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2004
Industrial Materials Prices Surge With Output
Prices for industrial materials have surged 13.4% since yearend, as measured by the JoC-ECRI index. Higher prices for metals have led the gain with a 15.5% jump that reflects a 27.5% jump in steel scrap prices and a 32.2% rise in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2004
ECRI Leading Indicators: Economic Growth Prospects Strong & Inflation Pressure Low
The Weekly Leading Index of the US economy published by the Economic Cycle Research Institute (ECRI) moved higher through early March. The move was accompanied by an uptick in ECRI's Future Inflation Gauge but that followed a 7.1% [...]
by:Tom Moeller
|in:Economy in Brief
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