New orders for durable goods rose 1.7% (5.0% y/y) during February following a 2.3% January gain, initially reported as 1.8%. A 1.2% increase in orders had been expected in the Action Economics Forecast Survey. The headline rise 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| Mar 24 2017Durable Goods Orders Strengthened by Another Jump in Aircraft
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2017
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity increased to 20 during March from an unrevised 14 in February. It was the highest level since March 2011. Strength in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2017
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR) from January's 558,000, revised from 555,000. Expectations had been for 565,000 sales in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2017
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18 from 243,000 in the prior week, revised from 241,000. The latest level was the highest in seven weeks. Expectations had been for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2017
U.S. Existing Home Sales Fall to Five-Month Low; Inventory Remains Tight
Sales of existing single-family homes declined 3.7% (+5.4% y/y) to 5.480 million units (AR) during February, and reversed January's increase. Expectations had been for 5.590 million purchases in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2017
U.S. FHFA House Price Index Momentum Diminishes
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices remained unchanged during January following a 0.4% December increase and a 0.6% November improvement. From January 2016 to January 2017, the home price index rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 21 2017
U.S. Petroleum Prices Stabilize; Natural Gas Strengthens
Regular gasoline prices held steady last week at $2.32 per gallon (+15.6% y/y). Prices remained lower than the 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 21 2017
U.S. Current Account Deficit Narrows Q/Q, Yet Deepens for the Year
The U.S. current account deficit declined to $112.4 billion during last year's fourth quarter from $116.0 billion in Q3'16. The Q4 deficit figure compared to $128.2 billion expected in the Action Economics Forecast Survey. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 21 2017
Philadelphia Fed Nonmanufacturing Business Conditions Ease
The Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Index of current conditions in March fell to 32.5 from 38.0 during February. Despite the monthly decline, the index improved versus the averages for 2016 and 2015. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2017
FIBER: Industrial Commodity Prices Weaken Moderately This Month
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 1.6% during the last four weeks, but has risen 18.7% during the last twelve months. This follows strength [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2017
U.S. Leading Economic Indicators Gain Is Steady & Firm
The Conference Board's Composite Index of Leading Economic Indicators increased 0.6% (3.1% y/y) during February, the same as during the prior two months. A 0.3% rise had been expected in the Action Economics Forecast Survey. A steeper [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2017
U.S. Industrial Production Is Unchanged; Factory Output Improves Steadily
Industrial production remained unchanged (+0.3% y/y) during February following a 0.1% January slip, revised from -0.3%. A 0.2% increase had been expected in the Action Economics Forecast Survey. Warm temperatures again provided a [...]
by:Tom Moeller
|in:Economy in Brief
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