The value of construction put-in-place declined 1.1% during January (+1.8% y/y) following a 0.8% improvement, revised from 0.4%. A 0.3% rise had been expected in the Action Economics Forecast Survey. Private construction activity fell [...]
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| Mar 02 2015
U.S. Construction Spending Posts a Surprising Decline
by:Tom Moeller
|in:Economy in Brief
Global| Mar 02 2015
U.S. ISM Manufacturing Index Continues to Move Lower
Factory sector momentum continues to slacken. The February reading from the Institute for Supply Management (ISM) declined to 52.9 following its January drop to an unrevised 53.5. It was the fifth m/m decline in the index in the last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 02 2015
U.S. Personal Income Increase Continues to Outpace Spending
Personal income rose an expected 0.3% during January (4.6% y/y) following an unrevised 0.3% December increase. The expectations figure is from the Consensus Economics Forecast Survey. Wages & salaries strengthened 0.6% (4.9% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 27 2015
Chicago Purchasing Managers Index Plummets
Chicago purchasing managers indicated that their February Business Barometer Index dropped sharply to 45.8 this month from an unrevised 59.4 in January. Severe winter weather and a West Coast port strike were sited by the Purchasing [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 27 2015
U.S. Pending Home Sales Rebound
The National Association of Realtors (NAR) reported that pending sales of single-family homes rebounded 1.7% during January, recouping a 1.5% December decline, last month reported as a 3.7% drop. These sales are reported as an index [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 27 2015
U.S. GDP Growth is Revised Lower
Real GDP growth during Q4 2014 was revised down to 2.2% (2.4% y/y) from the advance estimate of a 2.6% gain. The increase compared to an expected 2.1% rise in the Action Economics Forecast Survey. During all of last year, real GDP [...]
by:Tom Moeller
|in:Economy in Brief
New orders for durable goods improved 2.8% (5.4% y/y) following sharp declines in four of the previous five months. Orders for commercial aircraft more-than-doubled m/m (-3.1% y/y) but motor vehicle & parts bookings fell 2.9% (+8.9% [...]
by:Tom Moeller
|in:Economy in Brief
Initial unemployment insurance claims increased to 313,000 during the week ended February 21 from 282,000 in the prior week, revised from 283,000. The four-week moving average of initial claims notched up to 294,500, the highest level [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 26 2015
U.S. Consumer Prices Decline as Energy Prices Plummet; Core Prices Improve
The consumer price index fell 0.7% during January following a revised 0.3% decline during December, earlier reported as -0.4%. It was the largest monthly drop since December 2008 and the 12-month change of -0.1% was the greatest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 25 2015
U.S. New Home Sales Hold Steady at Cycle High as Prices Weaken
New home sales during January were little-changed at 481,000 (5.3% y/y) following 482,000 sales during December, initially reported as 481,000. The latest figure remained nearly the highest since June 2008 and surpassed expectations [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 25 2015
U.S. Mortgage Loan Applications Fall Further as Interest Rates Rise
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 3.5% last week (+20.6% y/y). It was the the fourth decline in the last five weeks, totaling 25.2%. Refinance applications fell 7.5% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 24 2015
Philadelphia Fed Nonmanufacturing Survey Indicates Activity Improvement
The Philadelphia Federal Reserve reported that its Index of Nonmanufacturing Sector Activity gained to 46.9 this month from 8.8 in January. Its improvement versus last February, when the region was socked in by heavy snowfall, is not [...]
by:Tom Moeller
|in:Economy in Brief
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