Consumer Credit Outstanding increased $12.53 billion (4.5% y/y) during November after an $18.96 billion October gain, revised from $18.90 billion. A $16.4 billion increase had been expected by the Action Economics Forecast Survey. [...]
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| Jan 08 2020U.S. Consumer Credit Usage Eases
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2020
U.S. ADP Private Payroll Increase Strengthens
The ADP National Employment Report indicated that private nonfarm payrolls increased 202,000 (1.5% y/y) during December following a 124,000 November rise, revised from 67,000. It was the largest increase since April and exceeded [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2020
U.S. Mortgage Applications Recover As Interest Rates Ease
The Mortgage Bankers Association reported that its Mortgage Loan Index jumped 13.5% (29.9% y/y) in the week ending January 3 after falling 13.2% in the previous week. Applications to refinance a loan surged by one quarter (73.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 07 2020
U.S. Energy Product Prices Edge Higher
etail gasoline prices inched up to $2.58 per gallon (15.2% y/y) last week from $2.57 per gallon in the previous week. Last week's price roughly equaled last year's average. Typically, gasoline prices weaken this time of year and Haver [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 07 2020
U.S. ISM Nonmanufacturing Index Improves to Four-Month High
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) increased to 55.0 during December from 53.9 in November. It was the highest level since August but remained below the high of 60.8 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 07 2020
U.S. Trade Deficit Narrows to Three-Year Low
The U.S. trade deficit in goods and services declined to $43.09 billion during November from $46.94 billion in October, revised from $47.20 billion. It was the smallest deficit since October 2016. A $43.9 billion deficit had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 07 2020
U.S. Energy Product Prices Edge Higher
Retail gasoline prices inched up to $2.58 per gallon (15.2% y/y) last week from $2.57 per gallon in the previous week. Last week's price roughly equaled last year's average. Typically, gasoline prices weaken this time of year and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 06 2020
FIBER: Industrial Commodity Prices Improve Further
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 2.6% during the four weeks ended Friday and 3.6% over the last three months. The price index increased 1.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2020
U.S. Light Vehicle Sales Slip in December and for all of 2019
The Autodata Corporation reported that December sales of light vehicles fell 1.9% from November (-3.3% y/y) to 16.87 million units (SAAR). Earlier figures were revised. For the full year 2019 sales of 17.00 million units compared to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2020
ISM Manufacturing Composite Index Weakens Again But Pricing Improves
Activity in the factory remains constrained. The ISM Manufacturing Diffusion Index for December fell to 47.2 after easing to 48.1 in November. It was the fifth consecutive reading below 50, indicating a contraction in activity. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2019
U.S. Personal Spending & Income Gains Improve
Personal consumption expenditures rose 0.4% (3.9% y/y) during November after an unrevised 0.3% October gain. The increase compared to a 0.4% rise expected in the Action Economics Forecast Survey. In constant dollars, spending [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2019
U.S. GDP Growth Is Unchanged but Corporate Profits Are Weakened
Estimated real growth in the economy during Q3'19 was unrevised in the third estimate at 2.1% (2.1% y/y) and remained better than the advance estimate of 1.9%. The figure was as expected in the Action Economics Forecast Survey. Growth [...]
by:Tom Moeller
|in:Economy in Brief
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