The Autodata Corporation reported that sales of light vehicles increased 5.3% (1.0% y/y) during March to 17.45 million units (SAAR). The increase recouped declines during the prior two months. Auto sales improved 3.4% (-6.7% y/y) to a [...]
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| Apr 03 2019U.S. Light Vehicle Sales Recover
by:Tom Moeller
|in:Economy in Brief
U.S. retail gasoline prices increased this week to $2.69 per gallon (-0.3% y/y), up from the low of $2.24 early in January. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 02 2019
U.S. Durable Goods Orders Decline Led by Aircraft
New orders for durable goods fell 1.6% (+1.8% y/y) during February following a 0.1% January uptick, revised from 0.4%. A 1.0% easing had been expected in the Action Economics Forecast Survey. The decline was led by a 4.8% (-0.8% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
The value of construction put-in-place increased 1.0% (1.1% y/y) during February following a 2.5% January increase, revised from 1.3%. A 0.1% easing had been expected in the Action Economics Forecast Survey. The value of public [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2019
ISM Manufacturing Index Improves, But Not by Much
The ISM manufacturing index unexpectedly rose to 55.3 in March from 54.2 in February, but remained close to its weakest level since late-2016. The index remained below its expansion peak 60.8 last August. The Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2019
U.S. Retail Sales Ease in Broad-Based Decline
Total retail sales fell 0.2% during February (+2.2% y/y) following a 0.7% January increase, revised from 0.2%. A 0.2% gain had been expected in the Action Economics Forecast Survey. Retail sales excluding motor vehicles and parts [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2019
U.S. New Home Sales and Prices Improve
The housing market has been exhibiting strength recently. New home sales increased 4.9% (0.6% y/y) during February to 667,000 (SAAR) from 636,000 in January, revised from 607,000. December sales also were revised up. It was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2019
U.S. Personal Spending Growth Is Negligible; Incomes Rise Modestly
Personal consumption expenditures improved 0.1% (3.7% y/y) during January following a 0.6% December decline, revised from -0.5%. The gain fell short of a 0.3% rise expected in the Action Economics Forecast Survey. The Commerce [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2019
U.S. Pending Home Sales Fall
The National Association of Realtors (NAR) reported that pending home sales declined 1.0% (-4.9% y/y) during February following a 4.3% gain, revised from 4.6%. Sales have declined 9.7% since the peak in April 2016. Sales were mixed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2019
U.S. GDP Growth Is Revised Lower
Economic growth was weaker than originally estimated at the end of last year. Real gross domestic product growth slowed to 2.2% in Q4'18, revised from 2.6%, following a 3.4% increase in Q3. The Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2019
U.S. Current Account Deficit Continues to Increase
The U.S. current account deficit widened to $134.4 billion during Q4'18 from $126.6 billion in Q3. It remained the largest quarterly deficit since Q4 2008 and compared to $131.1 billion expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2019
U.S. Trade Deficit Narrows as Imports Fall
The U.S. trade deficit in goods and services fell to $51.15 billion during January from $59.90 billion in December, revised from $59.77 billion. A deficit of $57.7 billion had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
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