Last week's report that factory sector output fell again in April helps shed light on the recent weakness in industrial commodity prices. The Industrial Materials Price Index from the Foundation for International Business and Economic [...]
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| May 20 2019FIBER: Industrial Commodity Prices Continue Downward
by:Tom Moeller
|in:Economy in Brief
- Global| May 17 2019
U.S. Leading Economic Indicators Rise Moderately; Coincident Indicators Growth Evaporates
The Conference Board's Composite Index of Leading Economic Indicators increased 0.2% (2.7% y/y) during April following a 0.3% March gain, revised from 0.4%. The rise matched expectations in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2019
Philadelphia Fed Manufacturing Index Rebounds
The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index increased to 16.6 during May after falling to 8.5 in April. It was the highest index level since January. A reading of 9.5 had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2019
U.S. Housing Starts Post a Solid Increase
Housing starts rose 5.7% during April to 1.235 million units (SAAR) following a March improvement to 1.168 million units, revised from a slight m/m decline. Despite the latest increase, housing starts were 2.5% lower than one year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2019
U.S. Home Builder Sentiment Improves Again
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo rose to 66 during May, the highest level since October. Despite the improvement, the index remained below the expansion high of 74 reached [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2019
Empire State Manufacturing Index Increases Again While Prices Ease
The Empire State Manufacturing Index of General Business Conditions strengthened to 17.8 during May, the highest level in six months. The latest level, however, remained below the high of 27.1 in October 2017. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2019
U.S. Retail Sales Ease Due to Broad-Based Weakness
Total retail sales slipped 0.2% (+3.1% y/y) during April following a 1.7% March increase, revised from 1.6%. A 0.3% rise had been expected in the Action Economics Forecast Survey. Excluding motor vehicles and parts, retail sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2019
U.S. Small Business Optimism Improves
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index increased to 103.5 during April following little change in March. It was the highest reading since December. The index gained 1.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2019
U.S. Energy Product Prices Slip
Retail gasoline prices declined by three cents last week to $2.87 per gallon (-0.2% y/y) after rising slightly during the prior week. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2019
U.S. Government Budget Surplus Shrinks in April
The U.S. Treasury Department reported that the federal government ran a $160.3 billion surplus during April compared to a $214.3 billion surplus one year earlier. A $165.0 billion surplus had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 10 2019
U.S. Home Affordability Declines As Prices Rise
The National Association of Realtors reported that its Composite Index of Home Affordability declined 2.5% during March (+0.1% y/y). Affordability stood 29.0% below the peak level during January 2013. Together, principal & interest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 10 2019
CPI Again Lifted by Higher Energy Prices; Core Prices Rise Negligibly
The Consumer Price Index increased 0.3% (2.0% y/y) during April following a 0.4% March gain. A 0.4% rise had been expected in the Action Economics Forecast Survey. The CPI excluding food & energy improved 0.1% (2.1% y/y) for the third [...]
by:Tom Moeller
|in:Economy in Brief
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