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 [...]
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 01 2017U.S. Light Vehicle Sales Weaken
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
- Global| Dec 01 2017
ISM Factory Sector Index Eases; Pricing Power Wanes
The ISM manufacturing sector composite index slipped to 58.2 during November from 58.7 in October. Despite recent declines, the index has indicated expansion in factory sector activity for fifteen straight months. A level of 58.4 had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2017
Chicago Purchasing Managers Index Backpedals
The Chicago Purchasing Managers Business Barometer for November declined to 63.9 from 66.2 in October. It was at the lowest level in three months, yet up from 57.2 one year ago. A decline to 63.0 had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2017
U.S. Initial Unemployment Insurance Claims Slip
Initial unemployment insurance applications eased to 238,000 (-10.2% y/y) in the week ended November 25 from 240,000 in the prior week revised from 239,000. Expectations had been for 241,000 claims in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2017
U.S. Personal Income & Spending Remain Firm
Personal income rose 0.4% (3.4% y/y) during October following an unrevised 0.4% September increase. These gains are the largest since February and compared to a 0.3% rise expected in the Action Economics Forecast Survey. The Commerce [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2017
U.S. Pending Home Sales Rebound
The National Association of Realtors (NAR) reported that pending home sales increased 3.5% (-0.6% y/y) during October to an index level of 109.3 (2001=100). This followed a revised 0.4% September decline, initially reported as no [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2017
U.S. GDP Growth is Revised Up; Profits Strengthen
Economic growth was revised up to 3.3% (AR, 2.3% y/y) during Q3'17 from an advance estimate of a 3.0% gain. The latest figure was the strongest in three years and equaled expectations in the Action Economics Forecast Survey. After-tax [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2017
U.S. Gasoline Prices Ease; Crude Costs Rise
Retail gasoline prices declined last week to $2.53 per gallon (+17.6% y/y) following a slip to $2.57 in the prior week. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. At $2.72 per [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2017
U.S. Consumer Confidence Strengthens
The Conference Board Consumer Confidence Index increased 2.6% during November (18.4% y/y) to 129.5 following an upwardly revised 4.6% October improvement. The index was at its highest level since November 2000. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2017
U.S. FHFA House Price Increase Moderates
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose 6.3% y/y during September. This compared to a peak 7.1% y/y gain in April. During the last three months, prices improved at a 6.1% annual rate. In September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2017
U.S. FHFA House Price Increase Moderates
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose 6.3% y/y during September. This compared to a peak 7.1% y/y gain in April. During the last three months, prices improved at a 6.1% annual rate. In September [...]
by:Tom Moeller
|in:Economy in Brief
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