The Business Conditions Survey, published by the National Association for Business Economics, showed an easing in U.S. unit demand last quarter. The diffusion index reading (rising minus falling) fell to 22.0 from 25.5. While these [...]
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 24 2016NABE Survey Indicates Weaker Demand & Lower Profits
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2016
Chicago Fed National Activity Index Improves
The National Activity Index from the Federal Reserve Bank of Chicago increased to -0.14 during September from -0.72 in August, revised from -0.55. The three-month moving average deteriorated to -0.21, and remained in the narrow band [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2016
U.S. State Unemployment Rates Range from 2.9% to 6.9%
The decline in the overall U.S. unemployment rate has stabilized this year around 4.9% versus 5.3% during 2015. It was half its late-2009 peak, and varied greatly amongst individual states. In today's state labor market report for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2016
U.S. Leading Economic Indicators Recover
The Conference Board's Composite Index of Leading Economic Indicators rebounded 0.2% (1.5% y/y) during September following an unrevised 0.2% decline. The increase matched expectations in the Action Economics Forecast Survey. The six- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2016
U.S. Initial Unemployment Claims Increase
Initial claims for unemployment insurance rose to 260,000 during the week ended October 15 following 247,000 during the prior week, revised from 246,000. The four-week moving average of claims rose to 251,750, near the lowest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2016
U.S. Existing Home Sales Rebound
Sales of existing homes increased 3.2% (0.6% y/y) in September to 5.470 million units (AR) following a 1.5% decline to 5.300 million in August, revised from 5.330 million. Expectations had been for 5.32 million sales in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2016
Philadelphia Fed Factory Business Outlook Survey Indicates Growth
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index remained positive in October. At 9.7, it was third consecutive positive reading, and followed an unrevised 12.8 in September. It was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2016
U.S. Economic Growth Restrained By Broad Trends
During the last 10 years, economic growth has averaged 1.4% per annum, well below the economy's 3-4% growth rates during earlier ten year periods. Nevertheless, it's the second longest period of positive economic growth since WWII. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2016
U.S. Mortgage Loan Applications Improve
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index rose 0.6% last week (18.5% y/y) following a 6.0% fall. Applications to purchase jumped 3.0% (13.0% y/y), and made up the prior week's decline. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2016
U.S. Housing Starts Decline, but Building Permits Rise
Housing starts fell 9.0% during September (-11.9% y/y) to 1.047 million units (AR) following a 5.6% August decline to 1.150 million, revised from 1.142 million. It was the lowest level of starts since March of last year. Expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2016
U.S. Home Builders Index Eases
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo fell 3.1% during October to 63 (6.7% y/y) following an unrevised jump to 65 in September. The NAHB figures are seasonally adjusted. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2016
U.S. Crude Oil & Natural Gas Prices Strengthen
WTI crude oil prices rose to $50.42 per barrel last week (7.7% y/y). Yesterday, prices eased to $49.94 per barrel, but they remain up from a daily low of $26.21 per barrel in February. Brent crude oil prices rose to $52.26 per barrel [...]
by:Tom Moeller
|in:Economy in Brief
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