The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) strengthened to 59.9 during January from 56.0 in December, revised up from the initially reported 55.9. It was the highest level [...]
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| Feb 05 2018
U.S. ISM Nonmanufacturing Index Surges
by:Tom Moeller
|in:Economy in Brief
Global| Feb 02 2018
U.S. Payroll Increase Is Moderate While Wage Growth Accelerates Y/Y
The labor market remains firm. Nonfarm payrolls increased 200,000 (1.5% y/y) during January following a 160,000 December gain and a 216,000 November rise. Together these two figures were revised down by 24,000. A 184,000 increase in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 02 2018
U.S. Payroll Increase Is Moderate While Wage Growth Accelerates Y/Y
The labor market remains firm. Nonfarm payrolls increased 200,000 (1.5% y/y) during January following a 160,000 December gain and a 216,000 November rise. Together these two figures were revised down by 24,000. A 184,000 increase in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2018
U.S. Light Vehicle Sales Continue to Decline
Total sales of light vehicles during January declined 4.1% (-1.8% y/y) to 17.12 million (SAAR) following a 1.9% December increase to 17.85 million, according to the Autodata Corporation. It compared to an 18.6 million September high [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2018
U.S. Construction Spending Increases
The value of construction put-in-place increased 0.7% (1.6% y/y) during December following a 0.6% November gain, initially reported as 0.8%. A 0.5% gain in activity had been expected in the Action Economics Forecast Survey. During all [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2018
ISM Factory Sector Index Slips but Remains Firm
The ISM manufacturing sector composite index eased to 59.1 during January from 59.3 in December, revised from 59.7. A level of 59.0 had been expected in the Action Economics Forecast Survey. During the last ten years, there has been a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2018
U.S. Productivity Eases; Unit Labor Costs Increase
Output per hour in the nonfarm business sector slipped at a 0.1% annual rate during Q4'17 following a 2.7% Q3 rise, revised from 3.0%. It was the first decline in productivity since Q1'16. A 1.2% rise had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2018
FOMC Leaves Rates Unchanged
At today's meeting of the Federal Open Market Committee, the federal funds rate target was held steady in a range of 1.25%-1.50%. The financial markets had expected today's action as indicated in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2018
U.S. Pending Home Sales Increase
The National Association of Realtors (NAR) reported that pending home sales increased 0.5% (0.5% y/y) during December to an index level of 110.1 (2001=100). This followed a 0.5% November increase, moving the index to the highest level [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2018
Chicago Purchasing Managers Index Declines
The Chicago Purchasing Managers Business Barometer for January fell to 65.7 and reversed virtually all of its December gain. A decline to 64.3 had been expected in the Action Economics Forecast Survey. Purchasing Managers figures are [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2018
U.S. ADP Private Payroll Growth Remains Firm
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 234,000 (2.0% y/y) during January. The rise followed a downwardly revised 242,000 December gain and an upwardly revised 206,000 November [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 30 2018
U.S. Consumer Confidence Firms
The Conference Board Consumer Confidence Index increased 1.9% during January (12.4% y/y) to 125.4 following a 4.3% December decline to 123.1, revised from 122.1. A level of 123.2 had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- of1072Go to 264 page