The Empire State Manufacturing Index of General Business Conditions declined to 10.9 in December, the lowest level since May 2017. Nonetheless, for the year as a whole, the index stood at the highest level since 2006. The Action [...]
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| Dec 17 2018Empire State Manufacturing Sector Improvement Moderates
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 14 2018
U.S. Industrial Production Gains Weaken
Industrial production rose 0.1% (4.1% y/y) during October following a 0.2% September improvement......... Capacity utilization eased to 78.4% Industrial production and capacity data are included in Haver's USECON database, with [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 14 2018
U.S. Business Inventory Accumulation Picks Up
Total business inventories increased 0.6% (5.1% y/y) during October following two months of 0.5% gain. Total business sales rose a steady 0.3% (8.0% y/y). The inventory-to-sales ratio increased minimally to 1.35, but remained below [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 14 2018
U.S. Retail Sales Start Holiday Season on Solid Ground
Consumers continued to exhibit their inclination to spend as holiday shopping got underway. Total retail sales rose 0.2% during November (4.9% y/y) following a 1.1% October jump, revised from 0.8%. The latest increase matched [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2018
U.S. Government Budget Deficit Surges Unexpectedly
The U.S. Treasury Department reported that the federal government ran a $204.9 billion budget deficit during November. The deficit compared to a shortfall of $138.5 billion during November 2017. A $165 billion deficit had been [...]
by:Tom Moeller
|in:Economy in Brief
Import prices fell 1.6% (+0.7% y/y) during November following an unrevised 0.5% October rise. A 0.1% uptick had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted. The decline in import [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2018
U.S. Initial Unemployment Insurance Claims Decline
Initial claims for unemployment insurance fell to 206,000 (-7.6% y/y) during the week ended December 8 from 233,000 during the prior week, revised from 231,000. Initial claims were near the lowest level since 1969. The Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2018
U.S. Mortgage Loan Applications Post Another Strong Increase
The Mortgage Bankers Association reported that its total Mortgage Applications Index rose 1.6% (-13.2% y/y) during the week ended December 7, the third consecutive monthly gain. Applications to purchase a home jumped 2.5% (3.3% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2018
U.S. CPI Is Unchanged; Core Prices Increase Steadily
The Consumer Price Index held steady during November (2.2% y/y) following a 0.3% October rise. The result matched expectations in the Action Economics Forecast Survey. The CPI excluding food & energy improved an expected 0.2% (2.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2018
U.S. Small Business Optimism Diminishes
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index declined to 104.8 during November. It was down for the third straight month and lower than August's record high of 108.8. The index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2018
U.S. Producer Prices Edge Higher
The headline Final Demand Producer Price Index using new methodology ticked 0.1% higher (2.5 % y/y) during November following a 0.6% October increase. No change in the index had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2018
U.S. Gasoline Prices Fall; Crude Oil Costs Rise
Gasoline prices declined to an average $2.42 per gallon (-2.6% y/y) from $2.45 during last week. Prices have fallen from an average high of $2.90 early last month to the lowest level since August 2017. Haver Analytics constructs [...]
by:Tom Moeller
|in:Economy in Brief
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