The Conference Board's Composite Index of Leading Economic Indicators eased 0.1% (+0.3% y/y) during October. That came after September's 0.2% drop, revised from -0.1%, and a 0.2% August shortfall. The latest decline matched [...]
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 21 2019U.S. Leading Economic Indicators Index Continues to Slip
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index increased to 10.4 during November, but did not recover all of October's decline to 5.6. The index remained below the July high [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2019
E-Commerce Sales Strengthen
The U.S. Commerce Department reported that during the third quarter of this year, retail sales via the internet (E-Commerce) increased 5.0% (SA) from Q2. The gain followed a revised 4.8% Q2 rise, and was the strongest quarterly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2019
U.S. Mortgage Applications Decline
The Mortgage Bankers Association reported that its Mortgage Loan Index fell 2.2% (+75.7% y/y) in the week ending November 15 after strengthening 9.6% in the previous week. Applications to refinance a loan declined 7.7% (+179.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2019
U.S. Housing Starts & Building Permits Strengthen
The housing market remains on a firm footing. Housing starts increased 3.8% (8.5% y/y) during October to 1.314 million (SAAR) after easing to 1.266 million in September, revised from 1.256 million. The Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2019
U.S. Gasoline Prices Fall as Crude Oil Stabilizes
Retail gasoline prices declined to $2.59 per gallon last week (-0.7% y/y) from $2.62 in the previous week. It was the lowest price in two months. Weakness in gasoline demand typically leads to lower prices this time of year. Haver [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2019
U.S. Home Builder Sentiment Remains Firm
Following four consecutive months of increase, the Composite Housing Market Index from the National Association of Home Builders-Wells Fargo eased during November. The 1.4% decline from October to 70 left the index up 16.7% y/y, and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2019
U.S. Home Affordability Improves As Prices Fall
The National Association of Realtors reported that its Fixed Rate Mortgage Housing Affordability Index rose 2.8% to 164.3 during September (11.5% y/y), the fourth consecutive month of increase. Despite the rise, affordability remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2019
U.S. Business Inventories Remain Unchanged While Sales Ease
Total business inventories held steady during September (3.7% y/y) following a 0.1% August dip, revised from 0.0%. Total business sales weakened 0.2% (+0.5% y/y) after a 0.1% uptick, revised from 0.2%. The inventory-to-sales (I/S) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2019
U.S. Retail Sales Rebound
Total retail sales increased 0.3% (3.1% y/y) during October following an unrevised 0.3% September decline. A 0.2% October gain had been expected in the Action Economics Forecast Survey. Retail sales excluding motor vehicles & parts [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2019
U.S. Producer Prices Increase As Energy & Food Prices Strengthen
The Producer Price Index for final demand rose 0.4% during October (1.1% y/y) and reversed the 0.3% September decline. A 0.3% gain had been expected in the Action Economics Forecast Survey. Producer prices excluding food & energy rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2019
U.S. Government Budget Deficit Widens
The U.S. Treasury Department reported that the federal government ran a $134.5 billion budget deficit during October compared to a $100.5 billion deficit twelve months earlier. Budget receipts fell 2.8% y/y while outlays rose 7.6% [...]
by:Tom Moeller
|in:Economy in Brief
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