The Empire State Manufacturing Index of General Business Conditions increased to 25.6 in August, its highest level since October. The Action Economics Forecast Survey expected a reading of 20.0. These data, reported by the Federal [...]
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| Aug 15 2018Empire State Manufacturing Index Continues to Improve
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2018
U.S. Retail Sales Increase Firmly
Total retail sales rose 0.5% (6.4% y/y) during July following a 0.2% June gain, revised from 0.5%. A 0.2% increase had been expected in the Action Economics Forecast Survey. Excluding motor vehicles and parts, retail sales increased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2018
U.S. Retail Sales Increase Firmly
Total retail sales rose 0.5% (6.4% y/y) during July following a 0.2% June gain, revised from 0.5%. A 0.2% increase had been expected in the Action Economics Forecast Survey. Excluding motor vehicles and parts, retail sales increased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2018
U.S. Small Business Optimism Nears Record High
The National Federation of Independent Business (NFIB) indicated that its Small Business Optimism Index rose to 107.9 during July and recouped its unrevised decline to 107.2 during June. It remained close to the 1983 record high. An [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2018
U.S. Import Prices Hold Steady; Export Prices Weaken
Import prices remained unchanged during July (4.8% y/y) following a 0.1% slip in June, which was revised from -0.4%. A 0.1% uptick had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2018
U.S. Retail Gasoline Prices and Crude Oil Costs Ease
Retail gasoline prices slipped to $2.84 per gallon last week from $2.85 during the prior period, but remained up 19.3% y/y. Haver Analytics constructs factors to adjust for the marked seasonal variation in prices. The seasonally- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2018
U.S. Government Budget Deficit Continues to Widen
The U.S. Treasury Department reported that during the first ten months of fiscal year 2018, the federal government budget deficit totaled $684.0 billion, up 20.8% versus $566.0 billion in the first ten months of FY'17. During July [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2018
U.S. Government Budget Deficit Continues to Widen
The U.S. Treasury Department reported that during the first ten months of fiscal year 2018, the federal government budget deficit totaled $684.0 billion, up 20.8% versus $566.0 billion in the first ten months of FY'17. During July [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2018
U.S. CPI Increase Picks Up; Core Prices Remain Firm
Consumer prices rose 0.2% (2.9% y/y) during July following a 0.1% June increase. The gain matched expectations in the Action Economics Forecast Survey. The CPI excluding food & energy also rose an expected 0.2% (2.4% y/y) for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2018
U.S. Wholesale Inventories & Sales Are Little-Changed
Wholesale trade inventories inched 0.1% higher (5.1% y/y) in June following a revised 0.3% May rise, initially reported as 0.6%. The increase compared to m/m stability expected by the Informa Global Markets Survey axnd followed a 0.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2018
U.S. Producer Prices Hold Steady
The headline Final Demand Producer Price Index using new methodology remained unchanged during July following an unrevised 0.3% rise in June. The 3.3% y/y rise remained nearly the strongest since November 2011. A 0.2% increase had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2018
U.S. Home Affordability Declines
The National Association of Realtors reported that the Composite Index of Home Affordability declined 8.8% y/y during June to 134.8, the lowest level since August 2008. The index was 37.3% below its peak in January 2013. Together, [...]
by:Tom Moeller
|in:Economy in Brief
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