Activity in the manufacturing is declining. The ISM manufacturing index fell to 49.1 during August from 51.2 in July. It was the lowest level since January 2016 and was below the expansion peak of 60.8 last August. 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| Sep 03 2019ISM Factory Activity Weakens As Exports Collapse
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 23 2019
Kansas City Federal Reserve Factory Sector Weakens Further
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing business activity declined to -6 in August after falling to -1 in July. These negative figures suggest declining business activity overall and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 22 2019
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% (1.6% y/y) during July following a 0.1% June decline, revised from -0.3%. It was the largest rise since September 2018. A 0.2% increase had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 22 2019
U.S. Initial Unemployment Insurance Claims Decline Sharply
Initial unemployment insurance claims fell to 209,000 (-2.1% y/y) during the week ended August 17 from the prior week's 221,000, revised from 220,000. The Action Economics Forecast Survey expected a lesser decline to 218,000 initial [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 21 2019
U.S. Existing Home Sales Rise While Prices Slip
The National Association of Realtors reported that sales of existing homes increased 2.5% during July to 5.420 million (0.6% y/y) from 5.290 million in June, revised from 5.270 million. Sales were 9.9% higher than the recent low [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 21 2019
U.S. Mortgage Loan Applications Ease
The Mortgage Bankers Association reported that its total Mortgage Applications Index slipped 0.9% (+73.1% y/y) during the week ending August 16 following a 21.7% surge during the prior week. Applications to refinance a loan improved [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 20 2019
Philadelphia Fed Nonmanufacturing Business Activity Strengthens
The Federal Reserve Bank of Philadelphia reported that its Nonmanufacturing Business Index of current conditions at the company level rose to 32.5 in August from 24.6 in July. It was the highest reading since April. Deteriorating, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 20 2019
U.S. Energy Prices Are Little Changed
The U.S. pump price for gasoline eased to $2.60 per gallon (-7.9% y/y) last week from the prior week's $2.62 per gallon. Prices have fallen for five consecutive weeks. Haver Analytics calculates a series which is adjusted for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 19 2019
FIBER: Industrial Materials Prices Remain Weak
Declines in factory sector production continue to put downward pressure on prices. The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 3.2% during the last four [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 16 2019
U.S. Housing Starts Decline as Multi-family Starts Weaken
New building activity fell for the third straight month during July. Housing starts declined 4.0% (+0.6% y/y) to 1.191 million (SAAR) after falling to 1.241 million in June, revised from 1.253 million. Starts in May also were revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 16 2019
U.S. Home Builder Sentiment Improves Slightly
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo rose to 66 in August from 65 during July. The index has been trending higher since its December 2018 low, but remains below the expansion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2019
Philadelphia Fed Manufacturing Index & Expectations Backpedal
The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index declined to 16.8 in August after rising to 21.8 in July. A reading of 10.0 had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
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