The value of construction put-in-place held steady during May (+4.9% y/y) following a 0.7% April dip, revised from -1.4%. Earlier figures also were revised. Expectations were for a 0.3% rise in the Action Economics Forecast Survey. [...]
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| Jul 03 2017U.S. Construction Activity Remains Unchanged
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 03 2017
ISM Factory Sector Index Strengthens
The ISM factory sector composite index improved to 57.8 during June from May's reading of 54.9. It was the highest point since August 2014. A level of 55.0 had been expected in the Action Economics Forecast Survey. Earlier figures [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2017
Chicago Purchasing Managers Index Improves Significantly
The Chicago Purchasing Managers Business Barometer for June jumped to 65.7 following an increase to 59.4 in May. It was the highest index level since May 2014. The latest reading surpassed expectations for 58.0 in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2017
U.S. Personal Income Strengthens But Spending Moderates
Personal income increased 0.4% during May (3.5% y/y) following a 0.3% April rise, revised from 0.4%. The gain outpaced expectations for a 0.3% advance in the Action Economics Forecast Survey. Wages & salaries ticked just 0.1% higher [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 29 2017
U.S. Initial Claims for Unemployment Insurance Rise
Initial unemployment insurance claims during the week ended June 24 increased to 244,000 (-8.6% y/y) from 242,000 in the prior week, revised from 241,000. Expectations called for 240,000 claims in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 29 2017
U.S. GDP Growth is Revised Higher; Personal Consumption Strengthened
Economic growth was revised to 1.4% during Q1'17, up from 1.2% estimated last month and 0.7% estimated initially. Growth remained the weakest in three quarters. A 1.2% advance had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 28 2017
U.S. Mortgage Loan Applications Decline Sharply
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index declined 6.2% (-17.9% y/y) in the week ended June 23, after a 0.6% rise. It was the lowest level of applications in four weeks. Purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 28 2017
U.S. Pending Home Sales Fall Again
The National Association of Realtors (NAR) reported that pending home sales fell 0.8% during May to an index level of 108.5 following a 1.7% April fall, revised from -1.3%. The index is reported on a 2001=100 basis. Pending sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2017
U.S. Consumer Confidence Improves
The Conference Board Consumer Confidence Index rose 1.1% during June (22.1% y/y) to 118.9, following a little-revised 1.5% decline during May to 117.6. The index was 4.8% below its March peak, which was its highest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2017
U.S. Energy Prices Continue to Decline
Regular gasoline prices fell to $2.29 per gallon last week (-1.8% y/y), the lowest level since early-February. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2017
Texas Factory Sector Improvement Slows
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased in June to 15.0, the lowest level since November. The production reading dropped sharply to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2017
U.S. Durable Goods Orders Drop, But Trend Improvement Remains in Place
New orders for durable goods declined 1.1% during May following an unrevised 0.9% April fall. Despite the decline, orders increased 2.7% y/y after falling 1.7% during all of last year. A 0.6% decrease in orders had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- of1073Go to 292 page