• Production & new orders weakness offset by slower product delivery speeds. • Pricing power eases. Activity in the factory slowed last month. The Institute for Supply Management (ISM) reported that its composite index of [...]
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| Mar 02 2020ISM Manufacturing Index Weakens Slightly; Prices Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2020
U.S. Personal Spending Decelerates Despite Strong Income Gain
Personal consumption expenditures rose 0.2% (4.5% y/y) during January following a 0.4% December gain, revised from 0.3%. A 0.3% January gain had been expected in the Action Economics Forecast Survey. In constant dollars, spending [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2020
U.S. GDP Growth Is Unrevised
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019, unrevised from the advance estimate. The gain roughly matched growth during the prior two quarters and equaled expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2020
U.S. GDP Growth Is Unrevised
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019, unrevised from the advance estimate. The gain roughly matched growth during the prior two quarters and equaled expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2020
Kansas City Fed Factory Indexes Increase
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing business activity rose to 5 in February following January's improvement to -1. This indicates renewed expansion in factory sector activity. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2020
U.S. GDP Growth Is Unrevised
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019, unrevised from the advance estimate. The gain roughly matched growth during the prior two quarters and equaled expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2020
U.S. New Home Sales Jump to 2007 High; Prices Reach Record
Sales of new single-family homes increased 7.9% (18.6% y/y) during January to 764,000 units (SAAR), the highest level since July 2007. Sales increased from 708,000 in December, revised from 694,000. Figures for 2019 were revised. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2020
U.S. Mortgage Applications Increase as Rates Ease
The Mortgage Bankers Association reported that its Mortgage Loan Application Index rose 1.5% (70.2% y/y) during the week ending February 21 following a 6.4% decline in the previous week. Purchase applications rebounded 5.7% (10.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2020
U.S. Consumer Confidence Firms as Expectations Improve
The Conference Board's Consumer Confidence Index rose 0.2% (-0.5% y/y) during February to an index level of 130.7 (1985=100). The rise followed a 1.7% January increase, revised from 2.7%. An increase to 132.5 had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2020
U.S. FHFA House Price Index Strengthens
The Federal Housing Finance Agency (FHFA) Price Index increased 0.6% during December following a 0.3% November gain, revised from 0.2% and a 0.3% increase in October. Prices rose 5.3% during all of 2019, the weakest increase since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2020
U.S. Energy Product Prices Edge Higher
Retail gasoline prices increased to $2.47 per gallon (3.2% y/y) in the week ended February 24 from $2.43 per gallon in the previous week. Despite increases during the latest two weeks, prices remained below an early-May peak of $2.90 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2020
Texas Factory Activity Improvement Led by Production
The Federal Reserve Bank of Dallas reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index increased to 1.2 this month from -0.2 in January. The figure is a diffusion index with readings above zero [...]
by:Tom Moeller
|in:Economy in Brief
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