The Empire State Factory Index of General Business Conditions declined during August to -4.21, the lowest level in three months. Expectations had been for 1.3 in the Action Economics Forecast Survey. The data are reported by the [...]
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| Aug 15 2016Empire State Factory Sector Activity Index Declines
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2016
Business Inventories Increase Slightly; Sales Jump
Total business inventories edged 0.2% higher (0.5% y/y) during June following an unrevised 0.2% increase in May. Total business sales strengthened 1.2% (-0.6% y/y) after a 0.3% rise, revised from 0.2%. Retail inventories rose 0.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2016
U.S. Producer Prices Unexpectedly Decline
The headline Final Demand Producer Price Index declined 0.4% (-0.2% y/y) during July following an unrevised 0.5% June rise. It was the first decline since March. A 0.1% rise had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2016
U.S. Retail Sales Remain Unchanged; Non-Auto Sales Decline
Total retail sales & spending at restaurants were virtually unchanged during July (2.3% y/y) following a 0.8% June rise, revised from 0.6%. Consensus expectations had been for 0.4% growth in the Action Economics Forecast Survey. Auto [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2016
U.S. Initial Unemployment Insurance Claims Remain Little Changed
Initial claims for unemployment insurance eased to 266,000 during the week ended August 6 following 267,000 claims in the week prior, revised from 269,000. Claims remained near the lowest level since 1973. The four-week moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2016
U.S. Import Price Rise Driven by Nonpetroleum Products; Oil Costs Decline
Import prices edged 0.1% higher (-3.7% y/y) during July following a 0.6% June gain, revised from 0.2%. The rise compared to expectations for a 0.4% fall in the Action Economics Forecast Survey. These figures are not seasonally [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2016
U.S. Budget Deficit Continues to Deepen
So far in FY'16, the federal government's budget deficit totaled $513.7 billion, up 10.4% versus $465.5 billion in the first ten months of FY'15. That result was highlighted in today's U.S. Treasury Department report of a $112.8 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2016
U.S. Home Affordability Declines to 2008 Low
The National Association of Realtors reported that the Composite Index of Home Affordability declined 3.8% during June to 153.3, the lowest level since November 2008. The index was 28.5% below its peak in January 2013. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2016
U.S. JOLTS: Job Openings and Hires Rates Edge Higher
The total job openings rate nudged higher to 3.8% during June following a May decline to 3.7%. The record high of 3.9% had been reached in April. The private sector job openings rate also improved to 4.0% from 3.9%, but remained below [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2016
U.S. Mortgage Loan Applications Rebound
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 7.1% (41.9% y/y) last week following three consecutive weeks of decline. Refinancing applications gained 9.6% and increased by two-thirds [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2016
U.S. Petroleum Prices Decline While Natural Gas Prices Increase
Regular gasoline prices averaged $2.15 per gallon last week (-18.2% y/y), down a penny from the week earlier. Prices were 25 cents lower than early last month, according to the U.S. Department of Energy. Prices were down versus a 2014 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2016
U.S. Small Business Optimism Strengthens
The National Federation of Independent Business reported that its Small Business Optimism Index increased 0.1% during July to 94.6 following an unrevised 0.7% June rise. Despite the gain, optimism remained down 1.1% versus last July. [...]
by:Tom Moeller
|in:Economy in Brief
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