Consumer credit outstanding (which excludes mortgages) surged $10.7B (7.3% AR) in April. Consensus expectations had been for a $2.0B rise. March figures were little revised. During the first four months of this year, consumer credit [...]
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 09 2003Consumer Credit Usage Surged
by:Tom Moeller
|in:Economy in Brief
Global| Jun 06 2003Unemployment Rate Highest Since 1994, Payrolls Fell
The unemployment rate rose to 6.1% in May, matching Consensus expectations. It was the highest rate of unemployment since July 1994. Employment fell 200,000 (+0.7% y/y), the third down month this year. The labor force rose 12,000 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 05 2003Initial Jobless Insurance Claims Rose
Initial claims for unemployment insurance rose more than expected last week. The 3.8% w/w rise to 442,000 was the largest weekly gain since early April and was to a five week high. Consensus expectations were for initial claims last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 04 20031Q Productivity Revised Higher
Nonfarm labor productivity last quarter was revised up right in line with Consensus expectations for 1.9% growth. The revision stemmed from an upward revision to output growth to 1.8% from the initial estimate of 1.4%. The initial [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 03 2003Chain Store Sales Flat
Chain store sales were unchanged last week. Sales have meandered sideways since the first week of May, according to the BTM-UBSW survey. Because of a large 2.1% jump in sales to open the month, May sales were 2.0% above the April [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 02 2003ISM Indicates Factory Activity Improved Some
The ISM Composite Index of manufacturing sector activity rose to 49.4 last month from 45.4 in April. The gain was a bit more than Consensus expectations for a rise to 48.5 but the index nevertheless was below 50 for the third [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 30 2003Personal Income Unchanged, Spending Down
Personal income was unchanged last month versus the Consensus expectation for a 0.2% gain. Weakness in income was primarily due to a 0.2% decline in wages and salaries that followed a 0.5% spurt in March. A 0.4% (2.5% y/y) decline in [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 29 2003Jobless Insurance Claims Fell
Initial claims for unemployment insurance fell slightly less than expected last week. Claims fell 2.1% to 424,000 from an upwardly revised level the week prior. Consensus expectations were for claims of 420,000. It was the fourth [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 28 2003Durable Goods Orders Down
Durable goods orders fell 2.4% last month, somewhat more than expected, and the strong gain in March was revised lower to 1.4%. Consensus expectations had been for a 1.0% decline in April orders. The decline in orders last month was [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 27 2003Consumer Confidence Up Again
The Conference Boards Index of Consumer Confidence rose slightly more than expected in May. The index rose 3.5% m/m to 83.8 and added to a 31.9% jump the prior month. Consensus expectations were for a rise to 82.5. Since December of [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 23 2003OECD Leaders Down
The OECD Index of Leading Indicators (Big 7) fell in March for the second consecutive month. The 0.3% decline followed a 0.4% drop in February. The drop pulled the index 0.7% below December and 0.9% below the peak last May. Recent [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 22 2003Initial Claims for Jobless Insurance Unexpectedly Rose
Initial claims for unemployment insurance unexpectedly rose last week for the first week in four. The 1.7% rise to 428,000 was versus Consensus expectations for a decline to 415,000. Claims in the prior week were revised up. The [...]
by:Tom Moeller
|in:Economy in Brief
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