The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 0.7% during the last four weeks. An uptick last week was part of an irregular sideways path in place since [...]
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| Oct 21 2019FIBER: Industrial Commodity Prices Are Fairly Steady
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2019
U.S. Leading Economic Indicators Weaken Again
The Conference Board's Composite Index of Leading Economic Indicators eased 0.1% (+0.4% y/y) during September following a 0.2% August decline, revised from no change. A 0.1% increase had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2019
U.S. Industrial Production Declines
Industrial production fell 0.4% (-0.1% y/y) during September following a 0.8% August rise, revised from 0.6%. A 0.1% decline had been expected in the Action Economics Forecast Survey. Factory sector output weakened 0.5% (-0.9% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2019
Philadelphia Fed Manufacturing Survey Suggests Lessened Growth; Employment Surged
The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index declined to 5.6 in October following a September reading of 12.0. It was the lowest figure since June, down from the July high [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2019
U.S. Business Inventories Hold Steady as Sales Rise
Total business inventories were unchanged during August (4.2% y/y) following a 0.3% July gain, revised from 0.4%. Total business sales rose 0.2% (1.1% y/y), the same as in July which was revised from 0.3%. The inventory-to-sales (I/S) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2019
U.S. Retail Sales Disappoint
Total retail sales slipped 0.3% (+4.1% y/y) during September following a 0.6% August increase, revised from 0.4%. A 0.2% September gain had been expected in the Action Economics Forecast Survey. Retail sales excluding motor vehicles & [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2019
U.S. Gasoline Prices Fall
In the week ended October 14, the U.S. pump price for gasoline eased to $2.63 per gallon (-8.7% y/y) from $2.65 the previous week. Haver Analytics adjusts these price figures for seasonal variation. The seasonally adjusted price held [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 15 2019
Empire State Manufacturing Activity & Expectations Improve Slightly
The Empire State Manufacturing Index of General Business Conditions for October rose to 4.0 after falling to 2.0 in September. A reading of 1.0 had been expected in the Action Economics Forecast Survey. A slightly improved 30% of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 14 2019
FIBER: Industrial Commodity Prices Remain Under Pressure
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 1.4% during the last four weeks. The price index was down 11.1% y/y and remained at the lowest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 11 2019
U.S. Home Affordability Continues to Rise With Lower Mortgage Rates
The National Association of Realtors reported that its Fixed Rate Mortgage Housing Affordability Index increased 3.3% to 160.4 during August (12.6% y/y), the third consecutive month of increase. Despite the rise, affordability [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 11 2019
U.S. Import Prices Rise With Oil Costs; Export Prices Fall
Import prices increased 0.2% (-1.6% y/y) during September following a 0.2% August decline, revised from -0.5%. A 0.1% easing had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted and do [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 10 2019
U.S. Initial Unemployment Insurance Claims Decrease Modestly
Initial claims for unemployment insurance eased to 210,000 (-0.9% y/y) during the week ended October 5 from 220,000 in the previous week, revised from 219,000. The Action Economics Forecast Survey expected 217,000. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
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