The value of construction put-in-place improved 0.3% during March (8.6% y/y) following a 1.0% February increase, revised from -0.5%. January's 0.3% decline was revised from a 2.1% rise. A 0.5% increase was expected in the Action [...]
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| May 02 2016U.S. Construction Activity Improves
by:Tom Moeller
|in:Economy in Brief
Global| May 02 2016Manufacturing ISM Index Eases, but Pricing Firms
The ISM Composite Index of manufacturing activity posted a sharp decline to 50.8 during April. The move reversed much of a rise to an unrevised 51.8 in March, and disappointed expectations for 51.3 in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 29 2016U.S. Personal Income Growth Outpaces Spending
A firmer job market is lending strength to earnings power. Personal income increased 0.4% during March (4.2% y/y) following a 0.1% uptick in February, revised from 0.2%. A 0.3% increase had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 29 2016Chicago Purchasing Managers Index Disappoints & Trends Sideways
Chicago purchasing managers reported that their Business Barometer Index declined to 50.4 this month following a jump to 53.6 in March. The latest reading fell short of expectations for 53.0 in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 29 2016U.S. Employment Cost Index Remains Firm
The employment cost index for civilian workers increased 0.6% (1.9% y/y) during Q1'16 following a 0.5% rise. The latest gain was as expected in the Action Economics Forecast Survey. Wages increased 0.7% (2.0% y/y) after a 0.5% rise, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 29 2016U.S. Personal Income Growth Outpaces Spending
A firmer job market is lending strength to earnings power. Personal income increased 0.4% during March (4.2% y/y) following a 0.1% uptick in February, revised from 0.2%. A 0.3% increase had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 28 2016U.S. GDP Grows 0.5% in Q1'16
Growth in the U.S. economy was barely positive last quarter. Real GDP improved 0.5% (SAAR, 1.9% y/y), the weakest rise since a decline in Q1'14. The advance was held back by weaker consumer spending growth, a decline in business [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 28 2016U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 257,000 during the week ended April 23 after falling to 248,000 in the prior week, revised from 247,000. Expectations were for 255,000 applications in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 28 2016U.S. GDP Grows 0.5% in Q1'16
Growth in the U.S. economy was barely positive last quarter. Real GDP improved 0.5% (SAAR, 1.9% y/y), the weakest rise since a decline in Q1'14. The advance was held back by weaker consumer spending growth, a decline in business [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 27 2016FOMC Leaves Rate Unchanged
At today's meeting of the Federal Open Market Committee, the Fed funds rate was left unchanged in the range of 0.25%-0.50%. The opening line of today's FOMC statement highlighted the mixed nature of recent economic signals. It was [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 27 2016U.S. Pending Home Sales Continue to Strengthen
The National Association of Realtors (NAR) reported that pending sales of single-family homes rose 1.4% in March (1.4% y/y) following a little revised 3.4% February increase. The March sales volume remained 0.6% below the peak last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 27 2016U.S. Mortgage Loan Applications Ease; Rates Remain Low
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 4.1% last week (+12.8% y/y) following three consecutive weeks of firm gain. So far in April, applications have risen 6.4% versus March [...]
by:Tom Moeller
|in:Economy in Brief
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