Real GDP last quarter was revised up more than Consensus expectations for a revision to 3.6% growth. Year to date growth in real GDP has been 3.4% (AR). The effect from inventory accumulation was raised notably, adding nearly one half [...]
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| Nov 26 20023Q GDP Growth Revised Up
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2002
Existing Home Sales Up Again
Sales of existing single family homes rose much more than expected in October. Sales rose 6.1% from September which was revised up slightly. Sales through October were up 11.0% versus last December. During the first ten months of 2002 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 22 2002
Chicago Fed National Activity Index Hit a Soft Spot in October
The Chicago Fed National Activity Index (CFNAI) fell last month to its lowest level since last November. The reading pulled the three-month moving average of the CFNAI down to -0.55, a level consistent with roughly 2% growth in real [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 21 2002
Initial Claims for Unemployment Insurance Down
Initial claims for unemployment insurance were lower than expected in the latest week at the lowest level in four months. Claims in the prior week were revised up slightly. The latest figure is for the survey period for November [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2002
Housing Starts Fell Sharply
Housing starts fell more than expected last month and reversed September's spike. Starts fell 11.4% m/m. The run-up in September was lessened slightly. Single family starts were relatively firm, falling 7.0% from the previous month. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2002
Weekly Chain Store Sales Falter
Chain store sales fell sharply last week, according to the BTM-UBSW survey. Sales fell 1.2% and erased virtually all the gains in the prior two weeks. So far in November, sales were down 0.3% from the average sales level a month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2002
Manpower Survey Hiring Index Improved for 1Q03
The Manpower Employment Outlook Survey index of net hiring rose for 1Q03 from the improved level of the prior six months. The not seasonally adjusted survey results indicated that 20% of firms plan to add employees in 1Q03 compared to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2002
Producer Prices Rocket Higher
Finished producer prices surged by the most for any month since September 1990, powered by higher energy prices. Consensus expectations were for a 0.2% gain. Excluding food and energy prices also rose much more than expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2002
Retail Sales Unchanged M/M, but Healthy
Retail sales were slightly stronger last month than Consensus expectations for a 0.2% decline. The sharp drop in September retail sales was little revised. Total retail sales were up at a 2.6% annual rate YTD through October. Sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2002
Weekly Chain Store Sales Up Again
Chain store sales rose last week, according to the BTM-UBSW survey. The 0.5% rise was the third weekly gain in the last four weeks and followed a 1.1% gain in the prior week. So far in November, sales were even with the average sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2002
Chicago Fed National Activity Index Gained Slightly in September
The Chicago Fed National Activity Index (CFNAI) improved slightly in September, although the index remained negative. The reading left the three-month moving average of the CFNAI at -0.25, a level much improved versus the lows of late [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2002
ECRI Leading Indicators Down
The Weekly Leading Index of the US economy published by the Economic Cycle Research Institute (ECRI) fell another 0.9% last month, the fourth down month in a row. The indicator's six-month growth rate fell to-3.4%. The y/y comparison [...]
by:Tom Moeller
|in:Economy in Brief
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