• New orders growth & employment strengthen. • Prices received & labor costs also rise. • Expectations are little changed, remaining near 2018 high. Manufacturing activity in Texas continued to improve during March. The Texas [...]
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
by:Tom Moeller
|in:Economy in Brief
Global| Mar 26 2021Advance U.S. Trade Deficit in Goods Deepens in February
• Int'l trade deficit sets new record. • Both exports and imports decline. The advance estimate of the U.S. trade deficit in goods widened to $86.72 billion in February from $84.58 billion in January. An $85.1 billion deficit had been [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 26 2021U.S. Personal Income & Spending Decline in February
• Total income falls but wage income holds steady. • Spending weakens across categories. • Pricing power moderates. Personal income weakened 7.1% (+4.3% y/y) during February following a little-revised 10.1% January jump. A 7.0% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 25 2021Kansas City Fed Manufacturing Index Improves Again in March
• Growth continues at a record level. • Component movement is mixed. • Expectations for six months ahead improve. The Federal Reserve Bank of Kansas City reported that its manufacturing sector business activity index rose to a record [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 25 2021U.S. GDP Growth Revised Higher in Q4'20; Corporate Profits Decline
• Activity remains 2.4% below Q4'19 peak. • Corporate earnings drop follows Q3 surge. • Business fixed investment led growth at yearend. Real GDP rose 4.3% (SAAR) during Q4'20 (-2.4% y/y), revised from 4.1%, following a record 33.4% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2021U.S. Mortgage Applications Continue to Decline, Led by Refinancings
• Refinancing applications decline as mortgage interestrates rise. • Purchase applications rise further. The Mortgage Bankers Association Mortgage Loan Applications Index declined 2.5% (-0.8% y/y) in the week ended March 19, the sixth [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2021U.S. Durable Goods Orders Decline Unexpectedly in February
• Fall in orders is broad-based and likely reflects severe winter weather. • Orders of core capital goods reverse January gain. • Shipments weaken but order backlogs & inventories rise. Manufacturers' orders for durable goods declined [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2021U.S. New Home Sales Fall Sharply in February
• Sales decline across the country. • Median house prices ease. Harsh winter weather throughout the country kept many potential home buyers indoors last month. Sales of new single-family homes declined 18.2% (+8.2% y/y) during [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2021U.S. Current Account Deficit Widens in Q4'20
• Goods trade deficit sets record in 2020. • Services trade surplus declines to eight-year low. The U.S. current account deficit deepened to $188.5 billion during Q4'20 following a widening to $180.9 billion in Q3'20, revised from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2021U.S. Current Account Deficit Widens in Q4'20
• Goods trade deficit sets record in 2020. • Services trade surplus declines to eight-year low. The U.S. current account deficit deepened to $188.5 billion during Q4'20 following a widening to $181.0 billion in Q3'20, revised from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2021U.S. Existing Home Sales Decline Sharply in February with Tight Supply
• Existing home sales decline to six-month low. • Inventory of unsold homes falls sharply. • Prices continue to strengthen. The market for previously owned homes weakened last month. The National Association of Realtors (NAR) reported [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2021Chicago Fed National Activity Index Declines in February
• Severe winter weather likely curtailed activity. • Production & income and personal spending & housing fall. The Federal Reserve Bank of Chicago's National Activity Index fell to -1.09 during February from 0.75 in January, revised [...]
by:Tom Moeller
|in:Economy in Brief
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