The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index declined to 17.6 during November. It was lowest level since August 2017 and well below the high of 38.4 [...]
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| Nov 26 2018Texas Factory Sector Growth Moderates; Price Gains Slow Significantly
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 21 2018
U.S. Leading Economic Indicators Rise Slightly
The Conference Board's Composite Index of Leading Economic Indicators edged 0.1% higher (5.9% y/y) during October following a 0.6% September gain, revised from 0.5%. It was the smallest rise since May. No change in the index level had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 21 2018
U.S. Durable Goods Orders Decline, Led by Aircraft
Weakness in the durable goods manufacturing sector was evident last month as new orders declined 4.4% (+6.7% y/y) following a 0.1% September dip, revised from a 0.7% increase. The decline outpaced expectations for a 2.7% weakening in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2018
Philadelphia Fed Nonmanufacturing Business Activity Rebounds
The Federal Reserve Bank of Philadelphia reported that its Nonmanufacturing Business Index of current conditions at the company level increased to 42.4 during November and recouped most of its October decline. A higher 55% of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2018
U.S. Gasoline and Crude Oil Prices Decline; Natural Gas Strengthens
Gasoline prices fell last week to an average $2.61 per gallon (+1.7% y/y) from $2.69 during the prior week. Prices have fallen from an average high of $2.90 in the last six weeks to the lowest level since mid-March. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2018
U.S. Housing Starts Increase
Total housing starts rose 1.5% (-2.9% y/y) during October to 1.228 million units (AR) from 1.210 million in September, revised from 1.201 million. The rise matched expectations for 1.228 million starts in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2018
U.S. Home Builder Index Deteriorates Sharply
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo declined to 60 during November from 68 in October. It was the lowest reading since August 2016 and compared to the expansion high of 74 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 16 2018
Kansas City Federal Reserve Factory Sector Improves; Expectations Weaken
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity increased to 15 in November from 8 in October. It remained down, however, from the May high of 29. The ISM-Adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 16 2018
U.S. Industrial Production Gains Weaken
Industrial production rose 0.1% (4.1% y/y) during October following a 0.2% September improvement, revised from 0.3%. The 0.8% gain in August output was revised from 0.4%. October's rise was the smallest since a decline in May. A 0.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2018
U.S. Business Inventory Accumulation Remains Moderate
Total business inventories increased 0.3% (4.4% y/y) during September following an unrevised 0.5% August rise. Total business sales increased 0.4% (6.6% y/y) after a 0.5% gain. The inventory-to-sales ratio held steady at 1.34. It [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2018
Empire State Manufacturing Index Increases; Prices Improve
The Empire State Manufacturing Index of General Business Conditions rose to 23.3 in November, the highest level in three months. This survey has been range-bound for roughly the last year. The Action Economics Forecast Survey expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2018
U.S. Import Prices Strengthen Along With Higher Petroleum Prices; Export Prices Firm
Import prices increased 0.5% (3.5% y/y) during October following a 0.2% September rise, revised from 0.5%. A 0.1% uptick had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted. Strength in [...]
by:Tom Moeller
|in:Economy in Brief
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