The Conference Board's Composite Index of Leading Economic Indicators fell 0.3% (+1.6% y/y) during June following unrevised stability in May. It was the first decline in six months. A 0.1% uptick had been expected in the Action [...]
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| Jul 18 2019U.S. Leading Economic Indicators Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2019
Philadelphia Fed Manufacturing Index Strengthens
The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index increased to 21.8 in July after June's decline to 0.3. It was the highest index level in twelve months. A reading of 5.0 had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2019
U.S. Mortgage Loan Applications Decline as Interest Rates Rise
The Mortgage Bankers Association reported that its total Mortgage Applications Index fell 1.1% (+36.0% y/y) during the week ending July 12 and added to the prior week's 2.4% decline. The fall reflected a 3.8% drop (+6.9% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2019
U.S. Housing Starts and Building Permits Weaken
Housing starts eased 0.9% (+6.2% y/y) during June to 1.253 million (SAAR) from 1.265 million in May, revised from 1.269 million. Starts in April also were revised to 1.270 million from 1.199 million. The Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2019
U.S. Energy Product Prices Strengthen
in the U.S. increased to $2.78 per gallon (-3.0% y/y) from $2.74 in the previous week. It was the highest price since early-June. Haver Analytics adjusts for the seasonal variation in gasoline pump prices. The seasonally adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2019
U.S. Energy Product Prices Strengthen
in the U.S. increased to $2.78 per gallon (-3.0% y/y) from $2.74 in the previous week. It was the highest price since early-June. Haver Analytics adjusts for the seasonal variation in gasoline pump prices. The seasonally adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2019
U.S. Business Inventories & Sales Increase
Total business inventories rose 0.3% (5.3% y/y) during May following an unrevised 0.5% April gain. Total business sales rose 0.2% (1.5% y/y) following an unrevised 0.2% decline. The inventory-to-sales (I/S) ratio held steady at an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2019
U.S. Retail Sales Exhibit Unexpected Strength
Improvement in consumer spending continues to underscore the economic expansion. Total retail sales increased 0.4% (1.8% y/y) during June following a 0.4% May gain, revised from a 0.5%. April's increase was revised also to 0.4% from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2019
U.S. Retail Sales Exhibit Unexpected Strength
Improvement in consumer spending continues to underscore the economic expansion. Total retail sales increased 0.4% (3.4% y/y) during June following a 0.4% May gain, revised from a 0.5%. April's increase was revised also to 0.4% from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2019
U.S. Energy Product Prices Strengthen
The pump price for a gallon of gasoline in the U.S. increased to $2.78 per gallon (-3.0% y/y) from $2.74 in the previous week. It was the highest price since early-June. Haver Analytics adjusts for the seasonal variation in gasoline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 15 2019
Empire State Manufacturing Index Improves; Hiring Weakens
The Empire State Manufacturing Index of General Business Conditions rose to 4.3 during July after deteriorating sharply in June to -8.6, the first negative index level since October 2016. The Action Economics Forecast Survey expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 12 2019
U.S. Producer Prices Rise Minimally; Energy Prices Decline
The Producer Price Index for final demand rose 0.1% during June (1.7% y/y) for the second straight month. The rise matched expectations in the Action Economics Forecast Survey. Producer prices excluding food & energy increased 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
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