US retail sales surged 1.2% in December on the strength of a 4.3% (8.9% y/y) jump in spending on motor vehicles. Consensus expectations had been for a 1.0% gain following the 0.1% rise in November sales which was unrevised. 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| Jan 13 2004U.S. Retail Spending Boosted By Vehicle Sales
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2004
U.S. Retail Spending Boosted By Vehicle Sales
US retail sales surged 1.2% in December on the strength of a 4.3% (8.9% y/y) jump in spending on motor vehicles. Consensus expectations had been for a 1.0% gain following the 0.1% rise in November sales which was unrevised. Sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2004
Chain Store Sales Down Again
Chain store sales fell 0.4% last week and that followed a 0.1% dip in the opening week of 2004, according to the ICSC-UBS survey. So far in January sales are up 1.9% versus December. During the last five years there has been a 61% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 12 2004
OECD Leaders Signal Further Growth
The Index of Leading Indicators for the Major Seven OECD Countries rose 0.7% (5.3% y/y) in November, the eighth consecutive firm monthly gain. Revisions to the leading indexes for Japan and in North America substantially lowered [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2004
U.S. Non-farm Payrolls Disappoint
Non-farm payrolls rose a weak 1,000 in December and gains in prior months were revised down.Consensus expectations were for a 150,000 December gain. Next month, the payroll figures will undergo an annual benchmark revision. The index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2004
Jobless Insurance Claims Ticked Up
Initial claims for jobless insurance rose a moderate 14,000 last week to 353,000 and reversed virtually all of the prior week's decline which was unrevised. Consensus expectations had been for claims of 350,000. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 07 2004
Mortgage Applications Up Modestly
The index of mortgage applications compiled by the Mortgage Bankers Association last week recovered half of the prior week's 9.0% drop (-49.3% y/y). Purchase applications rose 2.9% w/w (+6.7% y/y) following two weeks of sharp decline. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 06 2004
Incentives Spur U.S. Light Vehicle Sales
Light vehicle sales added 7.2% in December to the 7.7% November gain and rose to 18.06M, the second highest monthly selling rate for the year. Consensus expectations had been for sales of 17.0M. For the year, light vehicle sales fell [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 05 2004
U.S. Construction Spending Strong
The value of total construction put in place jumped 1.2% (7.4% y/y) in November. A 0.5% rise was expected. On average, construction spending has risen 1.2% in each of the last six months. Private residential building activity surged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 02 2004
ISM Factory Index Up Further
The Purchasing Managers Composite Index (PMI) released by the Institute of Supply Management rose to 66.2 in December from 62.8 in November. It was the highest level for the Composite Index since December 1983. Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 31 2003
Jobless Insurance Claims Lowest Since Early 2001
Initial claims for jobless insurance fell last week to 339,000, the lowest level since the first week of 2001. The prior week's level was little revised at 354,000. Consensus expectations had been for claims of 350,000. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 30 2003
Chicago Purchasing Agents' Index Down More Than Expected
The Chicago Purchasing Managers Business Barometer for December gave back slightly more of the prior month's surge than was expected. The decline to 59.2 was versus Consensus expectations for a decline to 62.0 and followed the [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 1041 page