The Weekly Leading Index of the US economy published by the Economic Cycle Research Institute (ECRI) slipped the week of August 8th, but the 0.8% w/w decline did little to dent the strong series uptrend in place since the middle of [...]
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| Aug 22 2003ECRI Weekly Leading Indicators Slip, Uptrend Strong
by:Tom Moeller
|in:Economy in Brief
Global| Aug 21 2003Initial Claims for Jobless Insurance Fell
Initial claims for unemployment insurance fell to 386,000 but the prior week's level was revised up slightly to 403,000. Consensus expectations had been for claims of 395,000. The Labor Department indicated that last week's power [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 20 2003Mortgage Applications Down
The index of mortgage applications compiled by the Mortgage Bankers Association fell another 10.7% last week following the 16.1% drop the week prior. Since the peak in late May mortgage applications are down by almost two-thirds. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 19 2003Housing Starts Highest Since 1986
Housing starts were stronger than expected last month, rising 1.5% m/m to 1.87 mil. units. Consensus expectations had been for starts of 1.78 mil. July was the highest level of starts since April 1986. Starts had surged in May and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 18 2003Housing Market Index Much Higher
The National Association of Home Builders (NAHB) reported that their Composite Housing Market Index rose in August to the highest level since January 2000. The index jumped 6 points from July to 71 and was up 29.9% from August of last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 15 2003CPI Up As Expected
The Consumer Price Index (CPI-U) rose an expected 0.2% in July following a like increase in June. The CPI less food and energy also rose 0.2%. That rise was stronger than Consensus expectations for a 0.1% increase. A 1.2% jump in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 14 2003Producer Prices Up As Expected, But Core Prices Firmed
Finished producer prices matched Consensus expectations and rose 0.2% in July following a 0.1% June drop. Excluding food and energy prices rose 0.2%, a bit more than expectations for no change. Higher prices for capital equipment led [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 14 2003Producer Prices Up As Expected, But Core Prices Firmed
Finished producer prices matched Consensus expectations and rose 0.2% in July following a 0.1% June drop. Excluding food and energy prices rose 0.2%, a bit more than expectations for no change. Higher prices for capital equipment led [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 12 2003Chain Store Sales Tick Higher
Chain store sales ticked 0.1% higher last week according to the BTM-UBSW survey. The mailing of tax-rebate checks, state tax holidays and the beginning of the back-to-school shopping season likely encouraged sales. The small advance [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 11 2003OECD Leaders Up Again
The OECD Index of Leading Indicators (Big 7) rose in June for the third consecutive month. The 0.9% gain followed an upwardly revised 0.9% rise in May. Gains amongst the member country leading indexes perhaps began to broaden out. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 08 2003Consumer Credit Usage Fell
The Federal Reserve indicated that consumer credit outstanding (which excludes mortgages) fell $0.4B (-0.2% AR) in June. Consensus expectations had been for a $6.5B rise. The gain in May was revised up due to raised usage of revolving [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 07 2003U.S. Productivity Surged in 2nd Quarter
Nonfarm labor productivity growth last quarter surged 5.7%, nearly equaling the barn-burner 5.9% growth in 2Q 2002. Consensus expectations had been for 5.0% growth. Prior years' figures were revised up. The surge in productivity [...]
by:Tom Moeller
|in:Economy in Brief
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