Total business inventories increased 0.5% in June (2.8% y/y), the strongest increase since November. Retail inventories gained 0.6% (3.3% y/y), the same strong rate as in May. Motor vehicle & parts inventories jumped 0.7% (7.4% y/y). [...]
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| Aug 15 2017
U.S. Business Inventories Continue to Accumulate as Sales Firm
by:Tom Moeller
|in:Economy in Brief
Global| Aug 15 2017
Empire State Business Activity Strengthens
The Empire State Manufacturing Index of General Business Conditions for August jumped 15.4 points from July. The latest level of 25.2 was the highest since September 2014, and continued to indicate expansion in factory sector [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 15 2017
U.S. Home Builder Index Rebounds
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo increased 6.3% to 68 during August and made up most of the prior two months' declines. Despite uneven m/m performance this year, the index [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 15 2017
U.S. Retail Sales Strengthen
The consumer rediscovered the spending spirit last month. Total retail sales and spending at restaurants increased 0.6% (3.6% y/y) during July following a 0.3% June rise, revised from -0.2%. It was the largest increase this year. A [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 14 2017
FIBER: Industrial Commodity Prices Exhibit Strength
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 3.2% during the last four weeks and gained 11.0% during the last twelve months. This adds to the strength [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 11 2017
U.S. CPI Remains Subdued
The Consumer Price Index ticked 0.1% higher (1.7% y/y) during July following no change in June. A 0.2% increase had been expected in the Action Economics Forecast Survey. Prices excluding food & energy gained 0.1% (1.7% y/y) for the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 10 2017
U.S. Budget Deficit Continues to Deepen YTD
The U.S. Treasury Department reported that the federal government so far in FY'17 has run a $566.0 billion budget deficit compared to a $512.0 billion deficit in the first ten months of FY'16. During July alone, the deficit of $42.9 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 10 2017
U.S. Initial Claims for Unemployment Insurance Rise
Initial unemployment insurance applications rose to 244,000 (-9.4% y/y) during the week ended August 5, up from 241,000 during the prior week which was revised from 240,000. The expectations were for 240,000 claims in the Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 10 2017
U.S. Producer Prices Dip
The headline Final Demand Producer Price Index eased 0.1% during July (+1.9% y/y) after a 0.1% uptick during June. A 0.1% rise in the index had been expected in the Action Economics Forecast Survey. The PPI excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 09 2017
U.S. Wholesale Inventories & Sales Rise
Inventories at the wholesale level increased 0.7% during June following a 0.6% May rise, revised from 0.4%. Inventories rose a moderate 2.9% y/y. The latest gain was the strongest in six months. Durable goods inventories increased [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 09 2017
U.S. Productivity Picks Up While Cost Pressures Ease
Output per hour in the nonfarm business sector improved at a 0.9% annual rate in the second quarter following a 0.1% uptick in the first quarter. A 0.7% rise had been expected in the Action Economics Forecast Survey. Output rose 3.4% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 08 2017
U.S. Petroleum Prices Are on the Upswing
Regular gasoline prices rose to $2.38 per gallon last week (10.6% y/y) from $2.35 in the prior week. They remained down, however, from the high of $2.45 per gallon in late-April. Haver Analytics constructs factors adjusting for the [...]
by:Tom Moeller
|in:Economy in Brief
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