Industrial output fell 0.4% during May (-1.4% y/y) following a 0.6% rise, revised from 0.7%. It was the third decline this year and left output 0.2% below December. No change in output had been expected in the Action Economics [...]
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| Jun 15 2016U.S. Industrial Production Declines Unexpectedly
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2016
U.S. Producer Price Strength Led by Energy
The headline Final Demand Producer Price Index increased 0.4% (-0.1% y/y) in May following an unrevised 0.2% April rise. A 0.3% rise had been expected in the Action Economics Forecast Survey. A 2.8% gain in energy prices (-14.6% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2016
U.S. Energy Prices Continue to Rise
Regular gasoline prices increased to $2.40 per gallon last week (-15.4% y/y) following the prior week's rise to $2.38, according to the U.S. Department of Energy. Prices have risen by one-third since mid-February and were at the [...]
by:Tom Moeller
|in:Economy in Brief
Import prices jumped 1.4% during May (-5.0% y/y) following an upwardly revised 0.7% April rise. It was the strongest increase since March 2012, and double the 0.7% gain expected in the Action Economics Forecast Survey. These figures [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2016
U.S. Small Business Optimism Is Little Changed
The National Federation of Independent Business reported that its Small Business Optimism Index increased 0.2% during May to 93.8 following a 1.1% April rise. These were the only increases so far this year. An improved 9% of firms [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2016
U.S. Retail Spending Moderates
Total retail sales & spending at restaurants increased 0.5% (2.5% y/y) during May following an unrevised 1.3% April jump. The rise compared to expectations for 0.3% growth in the Action Economics Forecast Survey. The increase in motor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2016
FIBER: Industrial Commodity Prices Move Higher
Improvement in factory sector output continues to support pricing power in the industrial sector. The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 0.7% during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2016
U.S. Budget Deficit Deepens This Fiscal Year
The U.S. Treasury Department reported a $52.5 billion budget deficit during May of 2016, smaller than the $84.1 billion deficit twelve months earlier. So far in FY'16, however, the budget deficit totaled $407.1 billion, up 11.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2016
U.S. Home Affordability Is Eroded by Higher Prices
The National Association of Realtors reported that the Composite Index of Home Affordability declined 4.5% during April to 162.4, the lowest level since August. The index was 24.3% lower than its peak in January 2014. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2016
U.S. Wholesale Inventories Post Firm Increase
Inventories at the wholesale level increased 0.6% during April following a 0.2% March gain, revised from 0.1%. It was the largest increase since last June. Nondurable goods sector inventories rose 1.3% (5.5% y/y) as farm-product [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2016
U.S. Initial Unemployment Insurance Claims Fall
Initial claims for jobless insurance fell to 264,000 (-15.6% y/y) during the week ended June 4 versus 268,000 claims in the prior week, revised from 267,000. Despite the weekly decline, the average of claims in May were 6.7% above [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2016
U.S. JOLTS: Job Openings Rate Reaches Record High, But Hires Ease Again
The job openings rate increased to 3.9% during April after remaining at 3.8% for three months. The latest level equaled the record high. The private sector job openings rate increased to a record 4.2%. This rate compared to 2.2% in [...]
by:Tom Moeller
|in:Economy in Brief
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