Sales of light vehicles reached a fifteen year high last month. At 17.79 million (AR), sales of total light vehicles in May increased 7.8% m/m (6.3% y/y) to the highest level since July 2005. Recent sales were revised slightly higher [...]
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| Jun 02 2015U.S. Light Vehicle Sales Strengthen
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2015
U.S. Factory Sector Orders Ease
New orders in the manufacturing sector edged 0.4% lower during April (-6.4% y/y) following a 2.2% March increase, revised from 2.1%. Durable goods orders declined 1.0% (-2.8% y/y) following a 5.1% rise. The drop compared to a 0.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2015
U.S. Gasoline Prices Post Minimal Increase; Crude Oil Declines
Gasoline prices nudged up last week to an average $2.78 per gallon at the pump (-24.7% y/y) from $2.77 in the prior week. It remained the highest level of prices since early-December and prices were roughly one-third higher versus the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2015
U.S. Construction Spending Growth Strengthens
Momentum in the building sector recovered of late, perhaps helped by better weather. The value of construction put-in-place increased 2.2% during April (4.8% y/y) following a 0.5% March rise, revised from -0.6%. Three-month growth of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2015
U.S. ISM Manufacturing Index Moves Up to Three-Month High
Factory sector activity improved during May following several months of lackluster performance. The Composite Index from the Institute for Supply Management (ISM) improved to 52.8 following an unrevised 51.5 in April and March. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2015
U.S. Personal Income Rebound Generates Little Change in Spending
Personal income recovered 0.4% during April (4.1% y/y) after remaining unchanged in March, as indicated last month. Expectations had been for a 0.3% rise in the Consensus Economics Forecast Survey. Wages & salaries improved 0.2% (4.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 29 2015
U.S. GDP Contracts 0.7% but Corporate Profits Rebound
Real GDP fell 0.7% (SAAR) last quarter, revised from a 0.2% gain estimated initially. The decline compared to expectations for a 0.9% fall in the Action Economics Forecast Survey. It was the third quarterly decline since the economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 29 2015
Chicago Purchasing Managers Index Moves Below Break-Even
Chicago purchasing managers reported that their May Business Barometer Index declined to 46.2 during May following an unrevised rise to 52.3 in April. It was the third figure in the last four months below 50, the break-even point [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 29 2015
U.S. GDP Contracts 0.7% but Corporate Profits Rebound
Real GDP fell 0.7% (SAAR) last quarter, revised from a 0.2% gain estimated initially. The decline compared to expectations for a 0.9% fall in the Action Economics Forecast Survey. It was the third quarterly decline since the economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2015
U.S. Pending Home Sales Surge To 2006 High
The National Association of Realtors (NAR) reported that pending sales of single-family homes increased 3.4% during April following a little-revised 1.2% gain during March. The latest level was the highest level since December 2006. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2015
U.S. Initial Claims for Jobless Insurance Move Up
The job market remains on a firm footing. Initial unemployment insurance claims increased to 282,000 during the week ended May 23 from 275,000 in the prior week, initially reported as 274,000. Despite the increase, the four week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2015
U.S. State Unemployment Rates Trend Lower but Vary Widely
The overall U.S. unemployment rate in April of 5.4% stood at its lowest point since August 2008, remaining down from the late-2009 peak of 10.0%. The same declining trend is certainly evident amongst the states, but great variation [...]
by:Tom Moeller
|in:Economy in Brief
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