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 [...]
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 03 2016
U.S. Construction Activity Declines
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
Global| Sep 28 2016
U.S. Mortgage Loan Applications Ease
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index fell 0.7% last week (+23.9% y/y) to the lowest level since late June. Refinancing applications were off 1.6% (+34.0% y/y) and added to the prior [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 28 2016
U.S. Durable Goods Orders Are Little Changed
New orders for durable goods were fairly stable during August (-1.3% y/y) following a 3.6% July increase, revised from 4.4%. A 1.4% decline had been expected in the Action Economics Forecast Survey. Orders for transportation equipment [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 27 2016
U.S. Consumer Confidence Improves to Expansion High
The Conference Board reported that's its Consumer Confidence index increased 2.3% (1.5% y/y) to 104.1 during September following a 5.3% jump in August. It was the highest level since August 2007. A 1.9% rise had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 27 2016
U.S. Natural Gas Prices Increase; Petroleum Prices Steady
Natural gas prices remained strong last week and increased to $3.07 per mmbtu (19.4% y/y). It was the highest level since December 2014, according to the U.S. Department of Energy. Prices were fairly steady at $3.05 yesterday. Regular [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 26 2016
Dallas Fed Factory Sector Activity Improves
The Federal Reserve Bank of Dallas reported that its general activity index of factory sector activity in Texas remained negative during September. However, the figure at -3.7 was improved versus the low of -34.6 in January. The [...]
by:Tom Moeller
|in:Economy in Brief
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