The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) rose to 55.3 during August from 53.9 in July. It remained near the lowest index level since August of last year. 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| Sep 06 2017U.S. ISM Nonmanufacturing Index Improves
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 06 2017
U.S. Trade Deficit Edges Up
The U.S. trade deficit in goods and services of $43.7 billion during July changed little from $43.5 billion during June, revised from $43.6 billion. A $44.6 billion deficit had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2017
U.S. Factory Orders Backpedal; Shipments Rise
Manufacturing sector orders declined 3.3% during July (+5.4% y/y) following a 3.2% June gain, revised from 3.0%. Durable goods orders reversed June's increase with a 6.8% drop (+4.4% y/y). Transportation sector orders were off 19.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2017
U.S. Light Vehicle Sales Fall Sharply
The market for new motor vehicles has deteriorated markedly this year. Total sales of light vehicles declined 3.7% during August (-6.3% y/y) to 16.14 million units (SAAR) from 16.77 million in July, according to the Autodata [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2017
U.S. Payroll Rise Disappoints & Jobless Rate Increases
The job market weakened noticeably last month. Nonfarm payrolls increased 156,000 (1.5% y/y) during August following a 189,000 July increase and a 210,000 June gain. Together these two figures were revised down by 41,000. A 183,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2017
U.S. Payroll Rise Disappoints & Jobless Rate Increases
The job market weakened substantially last month. Nonfarm payrolls increased 156,000 (1.5% y/y) during August following a 189,000 July increase and a 210,000 June gain. Together these two figures were revised down by 41,000. A 183,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2017
U.S. Pending Home Sales Slip
The National Association of Realtors (NAR) reported that pending home sales eased 0.8% (-1.3% y/y) during July to an index level of 109.1 (2001=100). It was the fifth monthly decline this year, and left sales 4.0% below the peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2017
Chicago Purchasing Managers Index Holds Steady
The Chicago Purchasing Managers Business Barometer for August held at 58.9 following its unrevised sharp July fall. A decline in the index to 58.0 had been expected in the Action Economics Forecast Survey. The latest level remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2017
U.S. Personal Income & Spending Pick Up
Personal income increased 0.4% during July following unrevised stability in June. A 0.3% increase had been expected in the Action Economics Forecast Survey. Despite the upside surprise, y/y growth of 2.7% was below the 5.3% increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 30 2017
U.S. GDP Growth Revised Higher, But Profits Ease
Economic growth during Q2'17 was revised higher to 3.0% (2.2% y/y) from 2.6% in the advance report. It was the quickest rate of increase since Q1'15. Growth of 2.8% had been expected in the Action Economics Forecast Survey. Reported [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 30 2017
U.S. ADP Private Payroll Growth Picks Up in Large Sized Firms
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 237,000 (2.0% y/y) during August following a 201,000 July rise, revised from 178,000. June's 192,000 increase was little revised. Monthly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 29 2017
U.S. Consumer Confidence Improves Markedly
The Conference Board Consumer Confidence Index strengthened 2.4% during August to 122.9 following a 2.3% July rise, revised from 3.2%. The index was just below its recent peak in March and neared the highest level since December 2000. [...]
by:Tom Moeller
|in:Economy in Brief
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