The Empire State Factory Index of General Business Conditions declined sharply during January to -19.37, the lowest level since March 2009. Expectations had been for -4.0 in the Action Economics Forecast Survey. The data are reported [...]
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| Jan 15 2016Empire State Factory Sector Activity Plummets to Lowest Point Since the Recession
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2016
U.S. Industrial Production Declines for the Third Straight Month
Overall industrial output declined 0.4% during December following a 0.9% November fall, revised from -0.6%. It was the third consecutive monthly decline and lessened the 2015 increase to 1.3%, its weakest rise in six years. The Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2016
U.S. Retail Sales Ease; Weakness Is Broad-Based
Consumers reined in their spending for the holiday season. Purchases at retail stores and restaurants eased 0.1% during December (+2.8% y/y) following a 0.4% November rise, revised from 0.2%. For all of last year, sales advanced 2.1%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2016
U.S. Retail Sales Ease; Weakness Is Broad-Based
Consumers reined in their spending for the holiday season. Purchases at retail stores and restaurants eased 0.1% during December (+2.8% y/y) following a 0.4% November rise, revised from 0.2%. For all of last year, sales advanced 2.1%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2016
U.S. Import Price Decline Remains Broad-Based
Import prices declined 1.2% during December (-8.2% y/y) following a 0.5% November easing, revised from -0.4%. A 1.4% decline had been expected in the Action Economics Forecast Survey. Petroleum prices fell 10.0% following a 3.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2016
U.S. Initial Unemployment Insurance Claims Move Higher
Initial claims for unemployment insurance rose to 284,000 (-4.9% y/y) in the week ended January 9 from an unrevised 277,000 in the previous week. Consensus expectations were for 272,000 applications in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2016
U.S. Budget Deficit Deepens
The U.S. Treasury Department reported a $14.4 billion budget deficit during December, reversing the $1.9 billion surplus twelve months earlier. A $3.5 billion deficit had been expected in the Action Economics Forecast Survey. Overall [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 12 2016
U.S. Small Business Optimism Index Is Fairly Steady; Prices Fall
The National Federation of Independent Business reported that its Small Business Optimism Index gained 0.4 points during December to a seasonally adjusted 95.2. It remained down, however, from 100.4 in December 2014. According to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 12 2016
U.S. JOLTS: Job Openings Rate Improves
The job openings rate increased to 3.7% during November from 3.6% in October. The latest figure compared to 3.4% one year earlier, but was down from the expansion high of 3.8% reached during July. The private sector job openings rate [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 12 2016
U.S. Petroleum Prices Continue Downward
The pump price for a gallon of regular gasoline averaged $2.00 last week (-6.7% y/y) according to the U.S. Department of Energy. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices, and the adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 11 2016
U.S. Labor Market Conditions Index Improves Modestly
The Labor Market Conditions Index from the Federal Reserve Board includes 19 indicators of labor market activity, covering the broad categories of unemployment and underemployment. These include jobs, workweeks, wages, vacancies, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 11 2016
U.S. ISM Factory Index Continues To Fall; Prices Decline Sharply
The Institute for Supply Management reported that it's Composite Index of factory sector activity declined for a second consecutive month. At 48.2 during December, the figure was down from an unrevised November reading of 48.6. The [...]
by:Tom Moeller
|in:Economy in Brief
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