Improvement in factory sector momentum is building. The ISM composite index of factory sector activity at 57.0 during Q1'17 was the strongest reading in six years. The March level alone slipped to 57.2 from an unrevised 57.7 in [...]
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| Apr 03 2017ISM Factory Sector Index & Pricing Power Strengthen
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 31 2017
Chicago Purchasing Managers Index Remains Near Two-Year High
The Chicago Purchasing Managers Business Barometer Index improved to 57.7 in March after strengthening to 57.4 in February. The latest figure was the highest since January 2015. The March reading exceeded expectations for 56.8 in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 31 2017
U.S. Personal Income & Pricing Power Firm; Spending Growth Eases
Personal income increased 0.4% last month (4.6% y/y) following a 0.5% January rise, revised from 0.4%. The gain matched expectations in the Action Economics Forecast Survey. The increase raised y/y growth to 4.6%, its best since May [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 30 2017
U.S. Initial Claims for Unemployment Insurance Ease
Initial jobless insurance applications fell to 258,000 (-3.1% y/y) during the week ended March 25 from 261,000 during the prior week, revised from 258,000. Expectations had been for 247,000 claims in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 30 2017
U.S. GDP Growth Is Revised Higher; Corporate Profits Strengthen
Economic growth during Q4'16 was revised up. Gross domestic product advanced 2.1% following two earlier estimates of 1.9% growth. During all of last year, growth decelerated to 1.6% from 2.6% in 2015. The Q4 figure compared to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2017
U.S. Pending Home Sales Jump
The National Association of Realtors (NAR) reported that pending home sales increased 5.5% in February to an index level of 112.3, the highest point since April 2016. The NAR suggested that warm temperatures helped lift sales. The [...]
by:Tom Moeller
|in:Economy in Brief
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y) following a 2.7% decline during the week prior. Purchase applications increased 1.2% (4.2% y/y) after a 2.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2017
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6, the highest level since December 2000. February's level was revised higher to 116.1 from 114.8. The Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2017
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight 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| Mar 27 2017
Texas Factory Sector Activity Remains Strong
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March, but remained near the highest level of the economic expansion. The production reading [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2017
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The National Association for Business Economics expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017. The gains follow 1.6% growth in 2016 and a 2015 advance of 2.6%. Quarterly GDP growth is expected to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2017
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims. The department has detected an incorrect application of seasonal factors. Seasonally adjusted series in [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 314 page