Total business inventories increased 0.4% (4.4% y/y) during May following a 0.3% April increase. Total business sales strengthened 1.4% (8.6% y/y), following a 0.6% gain. The inventory-to-sales ratio slipped to 1.34. It peaked early [...]
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| Jul 16 2018
U.S. Business Inventories Rise Moderately; Sales Strengthen
by:Tom Moeller
|in:Economy in Brief
Global| Jul 16 2018
U.S. Retail Sales Gain Moderates
Consumers continued spending last month, but at a moderated pace. Total retail sales increased 0.5% during June following a 1.3% May increase, revised from 0.8%. The 6.6% y/y increase was, however, the strongest since February 2012. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 13 2018
U.S. Import Prices Decline; Export Prices Rise
Import prices declined 0.4% during June (+4.3%) following a 0.9% rise in May, which was revised from 0.6%. A 0.1% uptick had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted. Weakness in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 12 2018
U.S. Government Budget Deficit Widens This Year
The U.S. Treasury Department reported that during the first nine months of fiscal year 2018, the federal government budget deficit totaled $607.1 billion, up 16.1% versus $523.1 billion in the first nine months of FY'17. During June [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 12 2018
U.S. CPI Increase Moderates; Core Price Gain Steadies
Inflationary pressures moderated last month. Consumer prices inched up 0.1% (2.9% y/y) during June following two months of 0.2% increase. Expectations had been for a 0.2% rise in the Action Economics Forecast Survey. The CPI excluding [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 11 2018
U.S. Mortgage Loan Applications Increase
The Mortgage Bankers Association reported that its total Mortgage Applications Index rose 2.5% last week (-4.9% y/y), following a 0.5% decline during the prior week. The effective interest rate on a 15-year mortgage was little changed [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 11 2018
U.S. Producer Prices Post Firm Increase
The headline Final Demand Producer Price Index using new methodology gained 0.3% during June following an unrevised 0.5% strengthening in May. The 3.4% y/y rise was the strongest since November 2011. A 0.2% increase had been expected [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 10 2018
U.S. JOLTS: Job Openings Rate Slips; Hires Rate Increases
The Bureau of Labor Statistics reported that the total job openings rate during May fell to 4.3% from 4.4% in April, revised from 4.3%. It remained higher than the 3.7% rate twelve months earlier. (The job openings rate is the job [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 10 2018
U.S. Small Business Optimism Slips
The National Federation of Independent Business (NFIB) indicated that its Small Business Optimism Index eased to 107.2 during June from 107.8 in May. It remained up sharply from the recent low of 92.6 in March 2016. A lessened 29% of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 09 2018
U.S. Consumer Credit Usage Strengthens
Consumer credit outstanding rose $24.56 billion during May following a $10.27 billion April increase, revised from $9.26 billion. The $8.80 billion March increase was sharply lower than reported last month. The May gain was the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 09 2018
FIBER: Industrial Commodity Prices Continue to Fall
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 2.1% during the last month, but rose 9.8% in the last year. It has fallen for three straight weeks. Despite the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 06 2018
U.S. Trade Deficit Declines Modestly
The U.S. trade deficit in goods and services fell to $46.20 billion during April............. The international trade data can be found in Haver's USECON database. Detailed figures are available in the USINT database. The expectations [...]
by:Tom Moeller
|in:Economy in Brief
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