The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) increased to 56.9 during May after falling to 55.5 in April. The Action Economics Forecast Survey expected stability at 55.5. [...]
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| Jun 05 2019U.S. ISM Nonmanufacturing Index Rebounds; Prices Ease
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2019
U.S. ADP Private-Sector Payroll Gains Nearly Evaporate
ADP indicated in its National Employment Report that private nonfarm payrolls during May edged 27,000 higher (1.9% y/y) following 271,000 April rise, revised from 275,000. The March increase was revised to 158,000 from 151,000. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2019
U.S. Factory Orders Retreat as Durable Goods Orders Backpedal
Manufacturers' orders declined 0.8% (+1.0% y/y) during April following a 1.3% March gain, revised from 1.9%. Orders in February declined 1.0%, revised from -0.3%. A 0.9% April decline had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2019
U.S. Gasoline Prices Ease; Crude Oil Costs Fall Sharply
Retail gasoline prices slipped one penny last week to $2.81 per gallon (-4.5% y/y), the fourth consecutive weekly decline. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2019
U.S. Light Vehicle Sales Rebound
The Autodata Corporation reported that sales of light vehicles during May increased 6.2% (1.2% y/y) to 17.40 million units (SAAR) and reversed April's 6.1% decline. Sales have been moving sideways since the middle of last year. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2019
ISM Manufacturing Index Falls but Prices Increase
The ISM manufacturing index unexpectedly declined to 52.1 during May from 52.8 in April. It was the lowest level since October 2016 and remained below the expansion peak of 60.8 last August. The Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2019
NABE Consensus Projections Call for Weaker Growth and Stable Inflation
The National Association for Business Economics expects 2.1% growth in real GDP during 2020 following 2.6% growth in 2019, revised from 2.0% and 2.4% in the prior forecast. Both of these growth rates are below the 2.9% gain in 2018. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2019
U.S. Chicago Business Barometer Improves
The Chicago Purchasing Managers Business Barometer increased to 54.2 during May from April's 52.6, which was the lowest reading since January 2017. The Action Economics Forecast Survey expected a lesser increase to 53.8. The Chicago [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2019
U.S. Personal Spending Weakens as Price Inflation Picks Up
Personal consumption expenditures increased 0.3% (4.3% y/y) during April following a 1.1% March gain, revised from 0.9%. A 0.2% increase had been expected in the Action Economics Forecast Survey. Nondurable goods spending strengthened [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 30 2019
U.S. GDP Growth is Lessened and Corporate Profits Decline
Gross domestic product, adjusted for price inflation, increased 3.1% during Q1'19, revised from 3.2%. Despite the revision, the 3.2% rate of growth during the last four quarters remained the strongest increase since Q2'15. The rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 30 2019
U.S. GDP Growth Is Lessened and Corporate Profits Decline
Gross domestic product, adjusted for price inflation, increased 3.1% during Q1'19, revised from 3.2%. Despite the revision, the 3.2% rate of growth during the last four quarters remained the strongest increase since Q2'15. The rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 29 2019
U.S. Mortgage Loan Applications & Interest Rates Fall
The Mortgage Bankers Association reported that its total Mortgage Applications Index declined 3.3% (+15.6% y/y) during the week ending May 24 and reversed the prior week's increase. The decline reflected a 6.0% drop (+29.3% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
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