The Composite Index of Nonmanufacturing Sector Business Activity from the Institute for Supply Management (ISM) improved to 57.1 in September from an unrevised 51.4 in August. It was the highest level since October 2015. Expectations [...]
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| Oct 05 2016
U.S. ISM Nonmanufacturing Index Strengthens
by:Tom Moeller
|in:Economy in Brief
Global| Oct 05 2016
U.S. Trade Deficit Widens
The U.S. trade deficit in goods and services increased to $40.7 billion during August from an unrevised $39.5 billion in July. The Action Economics Forecast Survey expected a $40.0 billion deficit. Overall exports increased 0.8% (0.7% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 05 2016
U.S. ADP Private Payroll Gains Ease
The ADP/Moody's National Employment Report indicated a 154,000 rise (1.9% y/y) in nonfarm private payrolls during September following a 175,000 August gain, revised from 177,000. It was the smallest rise since April. So far this year, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 04 2016
U.S. Gasoline & Crude Oil Prices Increase
Regular gasoline prices rose to $2.25 per gallon (-3.1% y/y), the highest level since early July. Prices remained down, however, versus a 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 03 2016
U.S. Light Vehicle Purchases Increase
Total sales of light vehicles during September increased 4.5% (-1.6% y/y) to 17.76 million units (SAAR), and reversed most of August's decline. Auto sales increased 6.9% to 7.24 million units (-8.3% y/y) following a 4.5% drop. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 03 2016
U.S. Construction Activity Declines
The value of construction put-in-place fell 0.7% (-0.3% y/y) during August following a 0.3% July dip, revised from little change. The value of construction spending has been moving sideways since the middle of last year, following [...]
by:Tom Moeller
|in:Economy in Brief
Factory sector activity perked up last month. The ISM Composite Index of manufacturing activity improved to 51.5 during September from an unrevised 49.4 in August. The figure compared to 50.2 expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 30 2016
Chicago Purchasing Managers Index Rebounds
The Chicago Purchasing Managers Business Barometer Index increased to 54.2 during September following an unrevised fall during August to 51.5. The figure compared to expectations for 51.9 in the Action Economics Forecast Survey. Haver [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 30 2016
U.S. Personal Spending Remains Unchanged; Income Increases Slowly
Personal consumption expenditures were flat during August (3.8% y/y) following a 0.4% July advance, revised from 0.3%. A 0.1% rise had been expected in the Action Economics Forecast Survey. So far this year, spending has risen at a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 29 2016
U.S. Initial Claims for Unemployment Insurance Rise
Initial claims for jobless insurance increased to 254,000 (-8.3% y/y) in the week ended September 24 from 251,000 in the prior week, revised from 252,000. The figure remained near the lowest level since October 1973. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 29 2016
U.S. Pending Home Sales Decline
The National Association of Realtors (NAR) reported that pending home sales fell 2.4% during August (-0.2% y/y) following a 1.2% rise, revised from 1.3%. These sales are reported as an index with 2001=100. The August value of 108.5 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 29 2016
U.S. GDP Growth Increase Revised Up; Business Investment Grew
Economic growth during Q2'16 was revised higher to 1.4% (SAAR, 1.3% y/y) from 1.1% estimated last month and 1.2% in the advance report. A 0.8% gain had been expected in the Action Economic Forecast Survey. Business fixed investment [...]
by:Tom Moeller
|in:Economy in Brief
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