• Current production, new orders growth and employment ease. • Pricing power remains strong. The Texas Manufacturing Outlook Survey, conducted by the Federal Reserve Bank of Dallas, indicated that its General Business Activity Index [...]
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 01 2021Texas Manufacturing Activity & Expectations Weaken in May
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2021
U.S. Construction Spending Improves Slightly in April
• Residential building remains strong. • Private nonresidential & public sector building drop again. The value of construction put-in-place improved 0.2% (9.8% y/y) during April following a 1.0% March rise, revised from 0.2%. A 0.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2021
ISM Manufacturing Index Continues to Indicate Growth in May
• Factory activity expands for 12th consecutive month. • Component movement is mixed. • Pricing power remains strong. The Institute for Supply Management (ISM) reported that its Composite Index of Manufacturing Sector Activity [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2021
U.S. Chicago Business Barometer Nears Record High in May
• Barometer jumps to highest level since November 1973. • New orders & order backlogs continue to surge. • Delivery speeds slow and pricing power remains strong. The ISM-Chicago Purchasing Managers Business Barometer strengthened to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2021
U.S. Real Personal Spending Eases as Prices Strengthen in April
• Spending on goods weakens broadly; services purchases rise. • Increase in core prices hits twenty-year high. • Total take-home earnings decline but wages surge. Personal consumption expenditures increased 0.5% during April (28.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2021
Kansas City Fed's Factory Sector Index Remains Elevated in May
• Growth backs off slightly from record level. • Component movement weakens m/m. • Expectations for six months ahead ease again. The Federal Reserve Bank of Kansas City reported that its manufacturing sector business activity index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2021
U.S. Pending Home Sales in April Reverse March Gain
• Regional sales declines are widespread. • Purchases remain constrained by limited supply. Pending home sales fell 4.4% (+51.7% y/y) during April following a 1.7% March rise, revised from 1.9%. Sales volume fell to the lowest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2021
U.S. GDP Growth Unrevised in Q1'21; Corporate Profits Rise Moderately
• Consumer spending revised up while business & residential investment are strengthened. • Inventory & foreign trade effects are lessened. • Corporate profits improve. Real GDP surged 6.4% (SAAR) during Q1'21 (0.4% y/y), unrevised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2021
NABE Lifts Economic Growth & Inflation Forecasts for 2021 & 2022
• Firm economic growth lowers jobless rate. • Growth improvement spreads across sectors. • Inflation and market interest rate forecasts are raised. The National Association for Business Economics raised its 2022 real GDP forecast to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2021
U.S. Consumer Confidence Remains Elevated During May
• Confidence holds at fourteen-month high. • Improvement in current conditions contrasts with lower expectations. • Job market indexes continue to firm. Consumer confidence remains strong. The Conference Board Consumer Confidence [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2021
U.S. New Home Sales Fall Sharply in April
• Sales decline reverses March increase. • Declines occur throughout most of country. • Median home prices near-record high. Sales of new single-family homes declined 5.9% (+48.3% y/y) during April to 863,000 units (SAAR) following a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2021
U.S. Retail Gasoline & Crude Oil Prices Ease
• Gasoline prices edge lower w/w, but remain elevated this year. • Crude oil prices decline to three-week low. • Natural gas prices ease. Retail gasoline prices eased to $3.02 per gallon (+54.1% y/y) in the week ended May 24 from [...]
by:Tom Moeller
|in:Economy in Brief
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