The ISM composite index of factory sector activity during April fell to 54.8 from an unrevised 57.2 in March. It was the lowest level since December. A level of 56.5 had been expected in the Action Economics Forecast Survey. A decline [...]
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| May 01 2017ISM Factory Sector Index & Prices Weaken
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2017
U.S. Personal Income Growth Slows While Spending Is Unchanged
Personal income increased 0.2% during March following a 0.3% February rise, revised from 0.4%. A 0.3% increased had been expected in the Action Economics Forecast Survey. The 4.5% y/y gain compared to 3.6% growth during all of 2016. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2017
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March. It was the highest level since January 2015. The latest reading exceeded expectations for 57.0 in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2017
U.S. GDP Disappoints: PCE Barely Increases
Economic growth slowed to 0.7% during Q1'17 following a 2.1% advance during Q4'16. It was the slowest rate of increase in three years and fell short of expectations for a 1.3% advance in the Action Economics Forecast Survey. Weakness [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2017
U.S. GDP Disappoints: PCE Barely Increases
Economic growth slowed to 0.7% during Q1'17 following a 2.1% advance during Q4'16. It was the slowest rate of increase in three years and fell short of expectations for a 1.3% advance in the Action Economics Forecast Survey. Weakness [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2017
Kansas City Federal Reserve Factory Index Retreats
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity declined sharply to 7 during April from an unrevised 20 in March. It was the lowest level since November. Most of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2017
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment insurance claims rose to 257,000 during the week ended April 22 from 243,000 in the prior week, revised from 244,000. It was the highest level of claims in four weeks. Expectations had been for 241,000 claims in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2017
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March to an index level of 111.4 following a 5.5% rise. The decline followed a 5.5% February increase that was strengthened [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2017
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March following a 2.3% February gain, revised from 1.8%. A 1.2% increase in orders had been expected in the Action Economics Forecast Survey. The increase in total orders [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2017
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y) compared to $2.44 during the prior week. Prices remained lower than the 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2017
U.S. State Unemployment Continues to Range Widely
As the unemployment rate declined last month to a 10-year low of 4.5%, it continued to reflect widely divergent rates amongst the states. At the high end were two states which realized unemployment above 6.0%. At the low end, were [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2017
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3 following a little-revised 7.6% March gain. Despite the decline, the index remained near the highest level since December 2000. The Action [...]
by:Tom Moeller
|in:Economy in Brief
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