Total sales of light vehicles during October increased 3.0% (0.6% y/y) to 18.29 million units (SAAR) according to Autodata, and added to September's 4.5% gain. The latest level was the strongest since July 2005. Pacing the increase [...]
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| Nov 01 2016U.S. Light Vehicle Sales Reach New High
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2016
U.S. Construction Activity Declines Again
The value of construction put-in-place fell 0.4% (-0.2% y/y) during September following a 0.5% August dip, revised from -0.7%. The value of construction spending has been moving sideways since the middle of last year, following strong [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2016
ISM Manufacturing Index Nudges Higher; Prices Improve
Factory sector activity continued to improve during October. The ISM composite index of factory sector activity rose to 51.9 from an unrevised 51.5 in September. It was the seventh month this year when the index was above break-even. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2016
U.S. Energy Prices Fall
Natural gas prices declined to the lowest level since August. At $2.69 per mmbtu last week, prices have fallen from $3.15 just two weeks ago, and equaled the lowest level since mid-August. They remained up, however, by nearly one- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2016
Dallas Fed Factory Sector Index Improves
The Federal Reserve Bank of Dallas reported that its general activity index of factory sector activity in Texas remained slightly negative in October. The figure at -1.5, however, was improved versus the low of -34.6 in January. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2016
Chicago Purchasing Managers Index Declines Sharply
The Chicago Purchasing Managers Business Barometer Index fell to 50.6 during October following an unrevised increase to 54.2 during September. The latest was the lowest level since May. The figure compared to expectations for 53.8 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2016
U.S. Personal Spending Rebounds Along With Income
Consumer spending recovered last month following a brief pullback. Personal consumption expenditures increased 0.5% (3.7% y/y) after a 0.1% dip during August. The gain matched expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 28 2016
U.S. Employment Cost Index Increases at Steady Rate
The employment cost index for civilian workers increased 0.6% (2.2% y/y) during Q3'16 for the third straight quarter. The rise matched expectations in the Action Economics Forecast Survey. Wages and salaries increased 0.5% (2.4% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 28 2016
U.S. GDP Growth Firms; Exports & Inventories Strengthen
Economic growth improved to 2.9% (1.5% y/y) during Q3'16 following a 1.4% Q2 rise. It was the strongest increase in two years. A 2.5% rise had been expected in the Action Economic Forecast Survey. Improvement in the foreign trade [...]
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Kansas City reported that regional manufacturing sector business activity was unchanged at 6 during October. That represented improvement, however, versus negative readings registered back to early last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 27 2016
U.S. Pending Home Sales Rebound
The National Association of Realtors (NAR) reported that pending home sales increased 1.5% during September following a 2.5% August decline, revised from -2.4%. These sales are reported as an index with 2001=100. The September value [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 27 2016
U.S. Initial Unemployment Claims Fall
Initial claims for unemployment insurance declined to 258,000 (-2.6% y/y) during the week ended October 22 following a rise to 261,000 in the week prior, revised from 260,000. The four-week moving average of claims rose to 253,000, [...]
by:Tom Moeller
|in:Economy in Brief
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