Industrial sector activity is developing upward momentum. The ISM composite index of factory sector activity rose to 53.2 during November from an unrevised 51.9 in October. It was the highest level since June, and the eighth month [...]
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| Dec 01 2016ISM Manufacturing Index Improves
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2016
Challenger Survey Layoff Announcements Decline
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during November declined to 26,936 (-13.0% y/y) following October's fall to 30,740. It was the lowest level of job cut announcements since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2016
U.S. Initial Unemployment Insurance Claims Surge to Five-Month High
Initial claims for jobless insurance jumped to 268,000 (-2.2% y/y) during the week ended November 26 from an unrevised 251,000 in the prior week. Expectations had been for 250,000 claims in the Action Economics Forecast Survey. It was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2016
U.S. Pending Home Sales Inch Higher
The National Association of Realtors (NAR) reported that pending home sales improved 0.1% (1.8% y/y) during October following a 1.4% September increase, revised from 1.5%. These sales are reported as an index with 2001=100. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2016
Chicago Purchasing Managers Index Rebounds
The Chicago Purchasing Managers Business Barometer Index increased to 57.6 during November and recouped an unrevised October decline to 50.6. The latest was the highest level since January 2015. The figure compared to expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2016
U.S. Personal Income Gain Strengthens and Outpaces Spending
Personal income posted a 0.6% increase (3.9% y/y) during October following 0.4% September rise, revised from 0.3%. It was the largest increase in six months. A 0.4% increase had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2016
U.S. ADP Private Payroll Increase Strengthens
The ADP/Moody's National Employment Report indicated that nonfarm payroll employment increased 216,000 during November following a 119,000 October rise, revised from 147,000. The September increase of 196,000 also was revised down [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2016
U.S. Gasoline Prices Stabilize; Crude Oil Increases
Regular gasoline prices held at $2.15 per gallon (4.6% y/y) last week, their lowest level since mid-August. Prices remained down 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| Nov 29 2016
U.S. Consumer Confidence Reaches 2007 High
The Conference Board reported that its Consumer Confidence index for November increased 6.3% (15.7% y/y) to 107.1, the highest level since July 2007. October's level was revised up to 100.8 from 98.6. A rise to 101.1 in November had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2016
U.S. GDP Growth Revised Higher; Corporate Profits Gain Moderates
Economic growth was revised higher to 3.2% (1.6% y/y) during the third quarter, up from the advance estimate of a 2.9% gain. It was the strongest increase in two years, and exceeded the estimate of 3.0% growth in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2016
Texas Factory Sector Activity Strengthens
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity index jumped to 10.2 during November, following negative readings extending back to December 2015. The worst of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 23 2016
U.S. New Home Sales and Prices Backpedal
Sales of new single-family homes during October declined 1.9% (+17.8% y/y) to 563,000 (AR) from 574,000 sales in September, revised from 593,000. Sales of 590,000 had been expected in the Action Economics Forecast Survey. The decline [...]
by:Tom Moeller
|in:Economy in Brief
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