The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) declined to 57.6 during December from 60.7 in November. It was the lowest level since July, down from a high of 61.6 in September. [...]
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| Jan 07 2019U.S. ISM Nonmanufacturing Activity Weakens
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 04 2019
U.S. Employment and Earnings Strengthen in December
The labor market finished 2018 on a firm footing. Nonfarm payrolls increased 312,000 (1.8% y/y) during December after a 176,000 November rise, revised from 155,000. October's gain also was revised up to 274,000 from 237,000. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 04 2019
U.S. Employment and Earnings Strengthen in December
The labor market finished 2018 on a firm footing. Nonfarm payrolls increased 312,000 (1.8% y/y) during December after a 176,000 November rise, revised from 155,000. October's gain also was revised up to 274,000 from 237,000. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2019
ISM Factory Sector Index Weakens
The ISM composite index of business activity in the factory sector fell to 54.1 during December after rising to 59.3 in November. It was the lowest reading since November 2016. A level of 57.8 had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2019
U.S. ADP Private-Sector Payroll Increase Strengthens
ADP reported in its National Employment Report that private nonfarm payrolls increased 271,000 during December following a 157,000 November rise, revised from 179,000. It was the largest increase since February 2017. During all of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 02 2019
U.S. Energy Product Prices Continue to Decline
Gasoline prices fell to $2.27 per gallon this past week (-10.1% y/y) from $2.32 during the prior week. Haver Analytics constructs factors to adjust for the marked seasonal variation in prices. The seasonally-adjusted gasoline price [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 02 2019
Texas Service Sector Business Conditions & Outlook Deteriorate
The Federal Reserve Bank of Dallas reported in its Texas Service Sector Outlook Survey that the General Business Activity Index declined to -5.0 during December from 11.4 in November. It was lowest level since August 2016 and below [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 02 2019
Texas Factory Sector Index Plummets; Outlook Worsens
The Federal Reserve Bank of Dallas reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index declined to -5.1 during December from 17.6 in November. It was the lowest level since June 2016. The index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 24 2018
Chicago Fed National Activity Index Recovers M/M; Trend Deteriorates
The Federal Reserve Bank of Chicago reported that its November National Activity index increased to 0.22 following deterioration in October to 0.00, revised from 0.24. Working lower, however, was the three-month moving average to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 21 2018
U.S. Personal Income and Spending Gains Slow; Pricing Power Is Weak
Personal income rose 0.2% during November (4.2% y/y) following an unrevised 0.5% October increase. A 0.3% gain was expected in the Action Economics Forecast Survey. Leading last month's rise was a 1.0% hop (5.3% y/y) in proprietors' [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 21 2018
U.S. Durable Goods Orders Improvement Paced by Aircraft
New orders for durable goods rebounded last month. Overall durable goods orders increased 0.8% (5.3% y/y) during November following a 4.3% October decline. A 1.5% increase had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2018
U.S. Initial Claims for Unemployment Insurance Rise
Initial unemployment insurance applications increased to 214,000 (-12.4% y/y) during the week ended December 15 from an unrevised 206,000 during the prior week. Initial claims remained near the lowest level since 1969. The Action [...]
by:Tom Moeller
|in:Economy in Brief
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