The National Federation of Independent Business reported that its Small Business Optimism Index was little changed during September, nudging up to 96.1 from an unrevised 95.9 in August. The latest figure remained below the high of [...]
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| Oct 13 2015NFIB Survey Contains Mixed Business Activity and Weak Price Readings
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 12 2015
NABE Lowers Real Growth and Inflation Forecasts
The National Association for Business Economics forecast of 2.7% growth in U.S. real economic activity in 2016 was revised from 2.9% posted in June. Expected growth of 2.5% this year, however, was little-changed. Quarterly GDP growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 09 2015
U.S. Wholesale Inventory Accumulation Continues to Strengthen
Inventories at the wholesale level increased 0.9% during June (5.4% y/y) following a 0.6% May gain, revised from 0.8%. The rise was paced by a 2.0% jump (15.0% y/y) in automotive products inventories and a 1.5% rise in furniture (7.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 09 2015
U.S. Import Price Decline Is Limited By Rise In Petroleum Costs
Import prices eased 0.1% during September (-10.7% y/y) following a revised 1.6% drop during August, revised from -1.8%. A 0.5% decline had been expected in the Action Economics Forecast Survey. A 1.1% increase (-46.1% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 08 2015
U.S. Initial Unemployment Insurance Claims Fall to Summer Low
Initial claims for unemployment insurance declined to 263,000 (-11.6% y/y) during the week ended October 3rd from a little-revised 276,000 during the prior week. It was the lowest level since the middle of July. The four week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 07 2015
U.S. Consumer Credit Usage Slows Further
Consumer credit outstanding increased $16.02 billion (6.8% y/y) during August following an $18.94 billion July rise, revised from $19.1 billion. It was the weakest increase in six months. Expectations were for an $18.8 billion gain in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 07 2015
U.S. Mortgage Loan Applications Surge as Interest Rates Fall Further
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index jumped 25.5% last week (52.4% y/y). It was the highest level of applications since late-January. Home purchase applications surged 27.4% (48.9% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 07 2015
U.S. Mortgage Loan Applications Surge as Interest Rates Fall Further
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index jumped 25.5% last week (52.4% y/y). It was the highest level of applications since late-January. Home purchase applications surged 27.4% (48.9% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 06 2015
U.S. Gasoline Prices Remain Stable; Natural Gas Hits 2012 Low
Gasoline prices at the pump remained unchanged last week at $2.32 per gallon (-29.7% y/y) but remained below $2.84 in mid-June. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices. The seasonally [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 06 2015
U.S. Trade Deficit Deepens Unexpectedly
These foreign trade figures add to the preliminary numbers released one week ago by including trade in services and data by country. The U.S. foreign trade deficit in goods and services during August increased to $48.3 billion from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 05 2015
U.S. ISM Nonmanufacturing Index Declines, Led by Orders
The Institute for Supply Management (ISM) Composite Index of Nonmanufacturing Sector Business fell to 56.9 during September from an unrevised 59.0 August. Despite the decline, the average during the third quarter of 58.7 was its [...]
by:Tom Moeller
|in:Economy in Brief
Job growth remained weak for a second month during September. Nonfarm payrolls grew 142,000 following downwardly revised increases of 136,000 and 223,000 during the prior two months. The gains compared to a 260,000 average last year [...]
by:Tom Moeller
|in:Economy in Brief
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