Housing starts during March improved 2.0% to 926,000 units (-3.5% y/y). The gain followed declines during the prior two months totaling 16.0%. February's level of starts was revised to 908,000 from 897,000. Last month's improvement [...]
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| Apr 16 2015U.S. Housing Starts Post Disappointing Rebound from Winter Low
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2015
U.S. Home Builders Index Rebounds
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo recovered to 56 in April (21.7% y/y) following a plunge to 52 in March, revised from 53. It was the highest level since January. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2015
U.S. Industrial Production Declines
Overall industrial output fell 0.6% during March (+2.0% y/y) following an unrevised 0.1% February uptick. Improved weather caused utility output to fall 5.9%, reversing February's increase. A 0.3% decline in production had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2015
Empire State Factory Sector Index Turns Slightly Negative
The Empire State Factory Index of General Business Conditions declined to -1.19 during April after slipping to 6.90 in March. The figure, from the Federal Reserve Bank of New York, was the first negative reading since December and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 14 2015
U.S. Gasoline Prices Hold Steady; Crude Oil Costs Move Up
Gasoline prices remained stable last week at $2.41 cents per gallon, down by roughly one-third versus a year ago. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices. The seasonally adjusted price [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 14 2015
U.S. Small Business Optimism Falls To Nine-Month Low
The National Federation of Independent Business reported a March reading of 95.2 for its Small Business Optimism Index versus an unrevised 98.0 during February. The figure was its lowest since June of last year. Movement in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 14 2015
U.S. Producer Price Index Increases Following Four Months of Decline
The overall Final Demand Producer Price Index increased 0.2% during March (-0.8% y/y) following an unrevised 0.5% February decline. A 0.1% uptick was expected in the Action Economics Forecast Survey. Prices excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 14 2015
U.S. Retail Sales Rebound Following Three Months of Decline
The weather improved last month so shoppers exercised their wallets. Overall retail sales including food services & drinking places during March increased 0.9% (1.3% y/y) following three straight months of decline. A 1.0% increase had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 13 2015
U.S. Budget Deficit Continues to Deepen in FY 2015
The Federal Government reported a $52.9 billion budget deficit during March compared to a $36.9 billion deficit during March of 2014. A deficit of $43.0 billion had been expected in the Action Economics Forecast Survey. For the first [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 13 2015
FIBER: Industrial Commodity Prices Improve
The industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) improved roughly 2.0% during the last eight weeks reflecting broad-based improvement amongst several industrial sectors. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2015
U.S. Import Prices Move Lower Despite Higher Petroleum Prices
Import prices declined 0.3% (-10.5% y/y) during March and reversed February's 0.2% increase, revised from 0.4%. The Action Economics Forecast Survey anticipated a 0.4% decline. Prices of petroleum imports increased 0.8% (-45.1% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2015
U.S. Wholesale Inventory Accumulation Remains Firm
Inventories at the wholesale level increased 0.3% during February (6.1% y/y) following a 0.4% January rise. Durable goods inventories gained 0.3% (7.6% y/y). Motor vehicle inventories increased 2.4% (12.6% y/y) and electrical [...]
by:Tom Moeller
|in:Economy in Brief
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