Durable goods orders slipped 0.3% in May versus the Consensus expectation for a 1.0% rise. April figures were little revised. Sharp declines in orders for transportation equipment, off 1.6%, and electrical equipment, down 2.2%, were [...]
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| Jun 25 2003Durable Goods Orders Slip
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2003
Consumer Confidence About Flat
The Conference Boards Index of Consumer Confidence was about flat in June. The index fell 0.1% m/m to 83.5. Consensus expectations were for a decline to 82.5. Since the low of this past March, Confidence has risen 36.0%. That rise is [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2003
Philadelphia Fed Index Higher
The Philadelphia Feds index of general business conditions matched Consensus expectations for improvement to 4.0, up nearly nine points from May. The m/m improvement was the most since November of last year and moved the index into [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2003
Initial Jobless Insurance Claims Slipped
Initial claims for unemployment insurance fell 3.0% last week to 421,000. The decline was from an upwardly revised level the prior week. Claims were slightly higher than Consensus expectations for 425,000. Weekly jobless claims are [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2003
U.S. Current Account Deficit A New Record
The US current account deficit deepened to a record$144.9B in 1Q and totaled 5.1% of GDP, near the record set in 1Q03. Consensus expectations had been for a 1Q deficit of $142.0B. Exports of goods, services & income in 1Q rose 2.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2003
Mortgage Applications Up
The index of mortgage applications compiled by the Mortgage Bankers Association rose 1.0% last week and recovered a piece of the 9.3% drop the prior week. Applications for home purchase were about unchanged w/w and in June are up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2003
Consumer Price Index Flat, Core Boosted by Higher Services Prices
The Consumer Price Index (CPI-U) was unchanged last month following a 0.3% drop in April. Consensus expectations had been for a 0.1% decline. Higher prices for most services offset continued price declines for energy and goods. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2003
Empire State Factory Survey Higher
The Empire State Manufacturing Survey index of general business conditions rose to the highest level in the survey's brief two year history. The rise to 26.8 in June added 16 points to the even sharper improvement in May. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2003
Producer Prices Fell Again
Finished producer prices fell 0.3% in May following the record 1.9% April drop. Consensus expectations were for a 0.2% decline. Finished energy prices fell 2.6% and accounted for virtually all of the decline last month. Gasoline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2003
Retail Sales Up, Less Autos & Gasoline Firm
Retail sales rose an expected 0.1% in May following a 0.3% April decline. The April decline was revised deeper than the initially reported 0.1% drop due to a lowered number for motor vehicle sales. Sales excluding motor vehicles and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 11 2003
Mortgage Applications Fell
The index of mortgage applications compiled by the Mortgage Bankers Association fell 9.3% last week. The most recent level was the second highest on record and followed a 13.6% gain the prior week. During all of May mortgage [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2003
Chain Store Sales Down
Chain store sales fell 0.3% last week following four weeks of flat to down movement, according to the BTM-UBSW survey. Sales began the month of June 0.3% below the May average. During the last five years there has been a 59% [...]
by:Tom Moeller
|in:Economy in Brief
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