Personal consumption expenditures improved 0.2% (4.6% y/y) during May following a 0.5% April increase, revised from 0.6%. It was the weakest rise since a slight decline in February. A 0.4% gain had been expected in 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| Jun 29 2018U.S. Personal Spending Increase Moderates; Income Growth Picks Up
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 28 2018
U.S. GDP Growth Lowered; Corporate Profits Strengthened
U.S. economic growth in Q1'18 moderated slightly more than earlier estimates. Real gross domestic product grew at a 2.0% annual rate, revised from 2.2% reported last month and 2.3% estimated initially. The rise followed 2.9% growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 28 2018
U.S. GDP Growth Lowered; Corporate Profits Strengthened
U.S. economic growth in Q1'18 moderated slightly more than earlier estimates. Real gross domestic product grew at a 2.0% annual rate, revised from 2.2% reported last month and 2.3% estimated initially. The rise followed 2.9% growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2018
U.S. Mortgage Loan Applications Decline
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index fell 4.9% last week (-12.5% y/y), following a 5.1% increase during the prior week. The effective interest rate on a 15-year mortgage was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2018
U.S. Pending Home Sales Continue to Fall
The National Association of Realtors (NAR) reported that pending sales of existing homes fell 0.5% during May (-2.2% y/y) following a 1.3% April decline. Sales fell to an index level of 105.9 (2001=100) which was the lowest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2018
U.S. Durable Goods Orders Decline
New orders for durable goods fell 0.6% during May (+9.2% y/y) following a 1.0% April decline, revised from -1.7%. A 0.7% drop had been expected in the Action Economics Forecast Survey. During the last three months, orders have risen [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2018
U.S. Consumer Confidence Wanes As Expectations Diminish
The Conference Board Consumer Confidence Index declined to 126.4 during June (+7.8% y/y) following a May rise to 128.8, initially reported as 128.0. The June level fell short of expectations for 127.5 in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2018
Philadelphia Fed Nonmanufacturing Business Activity Indexes Rise Further; Prices Strengthen
The Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Index of current conditions at the company level increased to 40.7 in June, the highest level in three years. Fifty-six percent of respondents reported an increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2018
U.S. Gasoline Prices Slip; Crude Oil Costs Stabilize
Retail gasoline prices declined to $2.83 per gallon last week (+23.8% y/y) from $2.88 per gallon during the prior week. Prices have fallen for four consecutive weeks. Haver Analytics constructs factors adjusting for the seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2018
Texas Factory Sector Index Improves Sharply; Pricing Power Strengthens
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index rose to 36.5 during June after increasing to 26.8 in May. The rise brought it to the highest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2018
U.S. New Home Sales Increase While Prices Decline
New single-family home sales increased 6.7% (14.1% y/y) to 689,000 (SAAR) during May following a 3.7% April decline to 646,000, revised from 662,000. Expectations had been for 680,000 sales in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2018
FIBER: Industrial Commodity Prices Ease
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) slipped 0.5% during the last four weeks, but increased 12.7% during the last year. Industrial materials prices overall [...]
by:Tom Moeller
|in:Economy in Brief
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