Activity in the manufacturing sector weakened during May. New orders for durable goods declined 1.3% (-2.8% y/y) following a 2.8% April fall, revised from -2.1%. A 0.1% easing in May orders had been expected in the Action Economics [...]
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 26 2019U.S. Durable Goods Orders Decline; Core Capital Goods Orders Improve
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2019
U.S. New Home Sales Disappoint & Prices Decline
The market for new homes weakened last month. New home sales declined 7.8% (-3.7% y/y) during May to 626,000 after falling to 679,000 in April, revised from 673,000. Sales of 680,000 had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2019
Philadelphia Fed Nonmanufacturing Business Activity Continues to Moderate
The Federal Reserve Bank of Philadelphia reported that its Nonmanufacturing Business Index of current conditions at the company level declined to 12.2 during June, a second month of sharp decline. These figures remain below the high [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2019
Texas Factory Sector Activity Weakening Is Broad-Based
The Federal Reserve Bank of Dallas reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index declined to -12.1 during June from -5.3 in May. It was the lowest index reading in three years, down [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2019
Chicago Fed National Activity Index Rebounds
The Federal Reserve Bank of Chicago reported that its National Activity index rose to -0.05 during May following an April decline to -0.48. The three-month moving average increased to -0.17, its highest level since January. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 21 2019
U.S. Existing Home Sales and Prices Increase
The National Association of Realtors reported that sales of existing homes rose 2.5% (-1.1% y/y) to 5.340 million (SAAR) during May after remaining unchanged in April at 5.210 million, revised from 5.190 million. It was the highest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2019
U.S. Current Account Deficit Shrinks; Exports Rise and Imports Fall
The U.S. current account deficit narrowed to $130.4 billion during Q1'19 from $143.9 billion during Q4'18, revised from $134.4 billion. It compared to a $125.0 billion deficit expected in the Action Economics Forecast Survey. As a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2019
U.S. Leading Economic Indicators Remain Unchanged
The Conference Board's Composite Index of Leading Economic Indicators held steady (2.5% y/y) during May following a 0.1% April rise, revised from 0.2%. The March increase also was lessened to 0.2% from 0.3%. A 0.1% uptick had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2019
Philadelphia Fed Manufacturing Index Weakens Considerably
The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index declined to 0.3 in June after May's improvement to 16.6. It was the lowest index level since February. A reading of 11.5 had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2019
U.S. Mortgage Loan Applications Decline
The Mortgage Bankers Association reported that its total Mortgage Applications Index fell 3.4% (+31.6% y/y) during the week ending June 14 after the prior week's 26.8% surge. The decline reflected 3.5% declines in both applications to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2019
U.S. Energy Product Prices Remain Under Pressure
U.S. retail gasoline prices continued their recent decline during the week ended June 17, falling six cents to $2.67 per gallon (-7.3% y/y), the sixth straight weekly decline. Haver Analytics calculates factors that adjust for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2019
U.S. Housing Starts Decline but Permits Improve
Housing starts eased 0.9% (-4.7% y/y) during May to 1.269 million (SAAR) from 1.281 million in April, revised from 1.235 million. Starts in March also were revised up to 1.199 million from 1.168 million. The Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
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