The value of construction put-in-place declined 0.4% (+9.7% y/y) during November following a 0.3% October rise, revised from 1.0%. Three-month growth of 0.2% (AR) compared to 29.2% during Q2. A 0.5% rise in November had been expected [...]
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 04 2016U.S. Construction Activity Eased in November
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 04 2016
U.S. ISM Factory Index and Prices Continue to Deteriorate to 2009 Lows
Activity in the manufacturing sector fell to the weakest level since June 2009. The ISM Composite Index of factory sector activity fell to 48.2 during December from an unrevised 48.6 in November. The reading disappointed expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2015
U.S. New Home Sales and Prices Improve
Sales of new single-family homes increased 4.3% during November to 490,000 from 470,000 in October, revised from 495,000. The gain left sales up 9.1% y/y but down 10.1% since the February high. Sales of 505,000 had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2015
U.S. Personal Spending and Income Rise 0.3%
Personal consumption expenditures increased 0.3% during November (2.9% y/y) following no change in October, revised from 0.1%. The increase matched expectations in the Action Economics Forecast Survey. Spending also rose 0.3% (2.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2015
U.S. Natural Gas Prices Continue to Tumble; Petroleum Prices Ease
Natural gas prices fell last week to $1.69 per mmbtu (-52.9% y/y) and roughly equaled the 15-year low. Increased shale-gas production has weighed heavily of prices, but as of yesterday the price decline stabilized. WTI crude oil costs [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2015
Philadelphia Fed Survey; Nonmanufacturing Business Conditions Deteriorate
The Federal Reserve Bank of Philadelphia reported that its Index of Nonmanufacturing Sector Activity at the company level fell to 25.5 in December, the lowest level since August. The reading was well below the year-ago level of 47.5, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2015
U.S. GDP Growth Is Revised Down Slightly; Corporate Profits Decline
Economic growth was revised to 2.0% (AR) during Q3'15 from 2.1% reported last month. Expectations had been for a 1.8% increase in the Action Economics Forecast Survey. The figures still show improvement from the advance reading of a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 21 2015
Chicago Fed National Activity Index Deteriorates
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during November fell to a three-month low of -0.30 from -0.17 in October, revised from -0.04. The 3-month moving average eased to -0.20, its weakest reading [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2015
Kansas City Federal Reserve Factory Sector Retraces Earlier Improvement
The Federal Reserve Bank of Kansas City reported that manufacturing sector business activity in the region deteriorated sharply during December, and completely reversed the improvement during the prior three months. The Composite [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2015
U.S. Current Account Deficit Deepens
The U.S. Current Account Deficit increased to $124.1 billion in Q3 from $111.1 billion in Q2, and was the largest deficit since Q4'08. The data are seasonally adjusted. The deficit in goods trade was fairly steady Q/Q but the services [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2015
U.S. Leading Economic Indicators Continue to Rise
The Conference Board's Index of Leading Economic Indicators increased 0.4% during November following an unrevised 0.6% October rise. The Action Economics Forecast Survey expected a 0.2% November gain. Three-month growth in the index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2015
U.S. Initial Claims for Jobless Insurance Ease
Initial claims for unemployment insurance declined to 271,000 (-4.6% y/y) in the week ending December 12 from an unrevised 282,000 in the previous week. The decline reversed most of the prior month's increase. Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
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