Activity in the factory sector moderated again last month. The ISM manufacturing sector composite index for April declined to 57.3, its lowest level in nine months. Despite the decline, the index remained near the highest point since [...]
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| May 01 2018ISM Factory Sector Index Falls Further; Prices Strengthen
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2018
U.S. Gasoline & Crude Oil Prices Continue Upward
Retail gasoline prices increased to $2.85 per gallon last week (18.0% y/y) following the prior week's five cent increase to $2.80 per gallon. It was the highest price level since November 2014. Haver Analytics constructs factors [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2018
Texas Factory Sector Index Slips
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the April General Business Activity Index declined to 21.8, the lowest level since November and down from the February high of 38.4. Despite [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2018
U.S. Personal Spending Improves; Income Growth Is Stable
Personal consumption expenditures in March bounced back an expected 0.4% (4.4% y/y) following stability in February. The gain matched expectations in the Action Economics Forecast Survey. Real personal spending also rose 0.4% (2.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2018
U.S. GDP Growth Moderates; Domestic Demand Weakens
U.S. economic growth continued to slow in Q1'18. In the advance estimate, gross domestic product grew at a 2.3% annual rate following Q4'17 growth of 2.9% and a 3.2% gain during Q3'17. A 2.1% increase had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2018
U.S. GDP Growth Moderates; Domestic Demand Weakens
U.S. economic growth continued to slow in Q1'18. In the advance estimate, gross domestic product grew at a 2.3% annual rate following Q4'17 growth of 2.9% and a 3.2% gain during Q3'17. A 2.1% increase had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2018
Kansas City Federal Reserve Factory Index Hits Record High
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity surged to a record 26 in April following stability during the prior two months at 17. The index was up from its low of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2018
U.S. Durable Goods Orders Strengthen; Aircraft Orders Surge
New orders for durable goods increased 2.6% (9.5% y/y) during March following a 3.5% February rise, revised from 3.1%. Expectations had been for a 1.5% rise in the Action Economics Forecast Survey. Stronger orders for transportation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2018
U.S. Initial Unemployment Insurance Claims Decline Sharply
Initial claims for unemployment insurance fell sharply to 209,000 (-17.1% y/y) from a revised 233,000 in the prior week, initially reported as 232,000. Expectations had been for 231,000 initial claims in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2018
U.S. Mortgage Loan Applications Are Little Changed; Rates Remain High
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index eased 0.2% last week (-1.9% y/y), following a 4.9% increase during the prior week. Purchase loan applications were unchanged (+11.2% y/y), [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2018
U.S. New Home Sales and Prices Strengthen
Sales of new single-family homes during March increased 4.0% (8.8% y/y) to 694,000 (SAAR) following a 3.6% February gain to 667,000, revised from 618,000. Expectations had been for 620,000 sales in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2018
U.S. FHFA House Price Index Continues to Strengthen
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose 0.6% during February following January's 0.9% advance, revised from 0.8%. The 7.2% y/y rate of increase was nearly the quickest since 2013, up from 5.2% in [...]
by:Tom Moeller
|in:Economy in Brief
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