New orders in the manufacturing sector improved 0.4% during July (-15.2% y/y) following a 2.2% June jump. A 0.7% rise was expected in the Action Economics Forecast Survey. Durable goods orders rose 2.2% (-20.2% y/y) following 4.1% [...]
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| Sep 02 2015U.S. Factory Sector Orders Improve
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 02 2015
U.S. Productivity is Revised Higher Following Two Quarters of Decline
Nonfarm productivity growth during Q2'15 was revised higher to 3.3% from 1.3% reported initially (SAAR). Revision to 2.3% growth was expected in the Action Economics Forecast Survey. Last quarter's gain followed two of quarters of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 02 2015
U.S. ADP Payroll Increase Is Fairly Stable
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 190,000 during August following a 177,000 July rise, initially reported as 185,000. The gain fell short of consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2015
U.S. Light Vehicle Sales Crest 10-Year High, Led by Imported Light Trucks
The light vehicle market remains on fire. Total sales of light vehicles increased 1.5% during August to 17.81 million units (SAAR, 2.8% y/y). It was the highest level of sales since July 2005. Light truck purchases led last month's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2015
U.S. Construction Spending Continues to Improve
The value of construction put-in-place increased 0.7% during July following an upwardly revised 0.7% rise in June. May's increase was revised higher to 2.3%. Three-month growth eased to 15.7% (AR), roughly half the growth as of June. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2015
U.S. ISM Factory Index Weakens to Two-Year Low
The Composite Index from the Institute for Supply Management (ISM) fell to 51.1 during August following an unrevised decline to 52.7 in July. It was the lowest level since May 2013. An unchanged 52.7 had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2015
U.S. Crude Oil Prices Surge; Gasoline Prices Decline
Crude oil prices found new life last week. Following weakness through Wednesday which left WTI crude oil costs at $38.60 per barrel, prices surged on news of weakened production and speculation of more cutbacks to come. For the week, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2015
Dallas Fed Factory Sector Activity Deteriorates Along With Outlook
The Federal Reserve Bank of Dallas reported that its August Composite index of factory sector activity declined to -15.8, its weakest reading in three months. The production component was near break-even, up sharply from three months [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2015
Chicago Purchasing Managers Index Eases in August; Q3 Remains Firm
Chicago purchasing managers reported that their August Business Barometer Index slipped to 54.4 following an unrevised rise to 54.7 in July. Despite the decline, the Q3 average so far of 54.6 was the highest quarterly figure this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2015
Steady U.S. Personal Income Increase Fosters Higher Savings
Personal income improved 0.4% during July (4.3% y/y) for the fourth straight month. These remain the quickest increases since November and the latest figure matched expectations in the Action Economics Forecast Survey. Wages & [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2015
Kansas City Fed's Factory Sector Activity Index Continues to Weaken
The Federal Reserve Bank of Kansas City reported that manufacturing sector business activity slackened during August. The Composite index of 10th District factory sector activity fell to -9 and reversed July's improvement. The figures [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2015
Kansas City Fed's Factory Sector Activity Index Continues to Weaken
The Federal Reserve Bank of Kansas City reported that manufacturing sector business activity slackened during August. The Composite index of 10th District factory sector activity fell to -9 and reversed July's improvement. The figures [...]
by:Tom Moeller
|in:Economy in Brief
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