Contraction in the level of factory sector activity has recurred. The ISM Composite Index of manufacturing activity fell to 49.4 during August from an unrevised 52.6 in July. It was the lowest level since January, and compared to 52.0 [...]
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| Sep 01 2016ISM Manufacturing Index Declines; Prices Paid Index Weakens
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2016
U.S. Productivity Decline Is Little Changed; Unit Labor Costs Strengthen
Nonfarm output per hour during Q2'16 fell 0.6% (SAAR), revised from -0.5%. It was the third consecutive quarterly decline and matched expectations in the Action Economics Forecast Survey. The latest decline occurred as output [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2016
U.S. Initial Claims for Unemployment Insurance Notch Higher
Initial unemployment insurance claims rose to 263,000 (-6.4% y/y) during the week ended August 27 following an unrevised slip to 261,000 claims in the prior week. The four-week moving average eased to 263,000. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2016
U.S. Pending Home Sales Improve
The National Association of Realtors (NAR) reported that pending home sales increased 1.3% during July following a 0.8% June decline, revised from +0.2%. These sales are reported as an index with 2001=100. The July value of 111.3 was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2016
Chicago Purchasing Managers Index Declines Again
The Chicago Purchasing Managers Business Barometer Index declined to 51.5 during August following an unrevised fall during July to 55.8. The figure compared to expectations for 54.4 in the Action Economics Forecast Survey. Haver [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2016
U.S. ADP Private Payrolls Stay on Moderate Growth Path
The ADP/Moody's National Employment Report showed a 177,00 rise (1.9% y/y) in nonfarm private sector payrolls during August following a 194,000 July gain, revised from 179,000. So far this year, payrolls rose an average 184,000 per [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 30 2016
U.S. Consumer Confidence Improves Broadly
The Conference Board's Consumer Confidence Index increased 4.6% to 101.1 (-0.2% y/y) during August from 96.7 in July, revised from 97.3. The latest figure was at the highest level since September and surpassed expectations for 97.0 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 30 2016
U.S. Energy Prices Move Higher
Regular gasoline prices increased to $2.24 per gallon (-10.9% y/y) last week following a rise to $2.19 during the week prior, according to the U.S. Department of Energy. Prices remained down versus a 2014 high of $3.71 per gallon. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 29 2016
Texas Factory Sector Activity Deteriorates; Production Increases
The Federal Reserve Bank of Dallas indicated that its General Business Activity index declined to -6.2 this month from -1.3 in July. These figures represent improvement, however, from readings as low as -34.6 in January. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 29 2016
U.S. Personal Spending and Income Improve
Personal consumption expenditures increased 0.3% (3.8% y/y) during July following a 0.5% June rise, revised from 0.4%. The latest gain matched expectations in the Action Economics Forecast Survey. So far this year, spending has risen [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2016
U.S. GDP Growth Lessened While Corporate Profits Increase
Economic growth during Q2'16 was revised lower to 1.1% (SAAR, 1.2% y/y) from the initial estimate of a 1.2% gain. The revision was accompanied by the first report of corporate earnings, which showed a 4.9% rise (-2.2% y/y), the second [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2016
U.S. Initial Unemployment Insurance Applications Decline
Initial claims for unemployment insurance eased to 261,000 (-4.0% y/y) during the week ended August 20 following an unrevised decline to 262,000 claims in the prior week. It was the lowest level of claims in five weeks, and near the [...]
by:Tom Moeller
|in:Economy in Brief
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