The Empire State Manufacturing Index of General Business Conditions for July declined ten points from June to 9.8. The figure nevertheless continued to indicate a moderate expansion in factory sector activity. It disappointed [...]
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 17 2017Empire State Business Activity Moderates
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2017
U.S. Business Inventories Accumulate as Sales Decline
Total business inventories increased 0.3% in May (2.4% y/y), only the second rise in the last seven months. Retail inventories gained 0.5% (3.1% y/y) and more than recouped April's decline. Motor vehicle & parts inventories jumped [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2017
U.S. Industrial Production Improves
Industrial production increased 0.4% during June (2.0% y/y) following a May 0.1% gain, revised from no change. A 0.3% increase had been expected in the Action Economics Forecast Survey. A 1.6% rise (9.9% y/y) in mining output drove [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2017
U.S. Retail Sales Decline Broadly
Consumer spending has discernibly weakened during the last two months. Total retail sales and spending at restaurants fell 0.2% during June (+3.2% y/y) following a 0.1% May dip, revised from -0.3%. A 0.1% increase had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 13 2017
U.S. Budget Deficit Deepens So Far This Year
The U.S. Treasury Department reported that the federal government ran a $90.2 billion budget deficit during June compared to a $6.3 billion surplus in June 2016. A $27.5 billion deficit had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 13 2017
U.S. Initial Claims for Unemployment Insurance Decline
Initial unemployment insurance claims fell to 247,000 during the week ended July 8 from 250,000, revised from 248,000, in the prior week. Expectations called for 245,000 claims in the Action Economics Forecast Survey. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 13 2017
U.S. Producer Prices Rise Minimally
The headline Final Demand Producer Price Index improved 0.1% during June (2.0% y/y) after May's stability. No change in the index had been expected in the Action Economics Forecast Survey. During the first six months of 2016, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 12 2017
FIBER: Industrial Commodity Prices Improve
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) rose 0.7% during the last four weeks, and were up 9.4% during the last twelve months. This adds to the strength during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 12 2017
U.S. Mortgage Loan Applications Fall Further
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index declined 7.4% (-37.0% y/y) in the week ended July 7, following a 1.4% rise. It was the lowest level of applications since mid-February. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 11 2017
U.S. Wholesale Inventories Increase; Sales Decline
Inventories at the wholesale level rebounded 0.4% during May following a 0.4% April decline, revised from -0.5%. Inventories rose a moderate 1.9% y/y. Durable goods inventories increased 0.6% (2.8% y/y) following no change in April. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 11 2017
U.S. JOLTS: Job Openings Weaken; Hires Improve
The Bureau of Labor Statistics reported that the total job openings rate declined to 3.7% during May from 3.9% in April, revised from a record high of 4.0%. Despite the decline, the hiring rate improved to 3.7%, its highest level in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 11 2017
U.S. Energy Prices Improve
Regular gasoline prices rose to $2.30 per gallon last week (2.0% y/y) from $2.26 in the prior week. They remained down, however, versus 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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