Consumer credit outstanding increased $20.52 billion during October after a $19.22 billion September rise, revised from $20.84 billion. It was the strongest increase since November 2016. A $17.0 billion gain had been expected in the [...]
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| Dec 07 2017
U.S. Consumer Credit Usage Picks Up
by:Tom Moeller
|in:Economy in Brief
Global| Dec 07 2017
U.S. Initial Claims for Unemployment Insurance Dip
Initial unemployment insurance claims slipped to 236,000 (-7.3% y/y) in the week ended December 2 from an unrevised 238,000 in the prior week. Expectations had been for 240,000 claims in the Action Economics Forecast Survey. The four- [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 06 2017
U.S. Mortgage Loan Applications Rise Sharply
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index increased 4.7% last week (-1.4% y/y) and made up the prior week's decline. Purchase loan applications gain 2.4% (6.9% y/y) following a 1.8% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 06 2017
U.S. Productivity Growth Accelerates; Unit Labor Costs Decline
Output per hour in the nonfarm business sector grew at an unrevised 3.0% annual rate (1.5% y/y) in the third quarter following a 1.5% Q2 gain. It was the quickest productivity increase in three years. A 3.3% rise had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 06 2017
U.S. ADP Private Payroll Growth Eases
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 190,000 (2.0% y/y) during November following an unrevised 235,000 October gain. A 188,000 rise had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 05 2017
U.S. Trade Deficit Deepens as Petroleum Imports Surge
The U.S. trade deficit in goods and services increased to $48.7 billion in October from $44.9 billion in September, revised from $43.5 billion. A $46.6 billion deficit had been expected in the Action Economics Forecast Survey. Total [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 05 2017
U.S. Gasoline Prices Slip; Crude Oil Costs Improve
Retail gasoline prices fell last week to $2.50 per gallon (+13.2% y/y) following a fall to $2.53 in the prior week. These prices were below the peak of $2.59 in the second week of November. Haver Analytics constructs factors adjusting [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 05 2017
U.S. ISM Nonmanufacturing Index Weakens
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) declined to 57.4 during October from an unrevised 60.1 in September. It was lowest level in three months. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 05 2017
U.S. Trade Deficit Deepens as Petroleum Imports Surge
The U.S. trade deficit in goods and services increased to $48.7 billion in October from $44.9 billion in September, revised from $43.5 billion. A $46.6 billion deficit had been expected in the Action Economics Forecast Survey. Total [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 04 2017
U.S. Factory Orders Slip; Inventories Strengthen
Manufacturing sector orders eased 0.1% in October following a 1.7% September rise, initially reported as 1.4%. Durable goods orders declined 0.8% (+3.2% y/y), revised from the advance estimate of a 1.2% drop. Transportation sector [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 01 2017
U.S. Light Vehicle Sales Weaken
Total sales of light vehicles declined 3.4% during November (-1.3% y/y) to 17.48 million units (SAAR) from 18.09 million in October, according to the Autodata Corporation. Sales have fallen 5.9% from the September high. Light truck [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 01 2017
U.S. Construction Spending Strengthens
The value of construction put-in-place increased 1.4% (2.9% y/y) during October following an unrevised 0.3% September rise. A 0.5% gain in activity had been expected in the Action Economics Forecast Survey. Private sector building [...]
by:Tom Moeller
|in:Economy in Brief
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