The U.S. foreign trade deficit in goods and services increased to $46.6 billion during December from $39.8, revised from $39.0 billion. It was the deepest deficit since November 2012 and compared to $38.0 billion expected in the [...]
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| Feb 05 2015U.S. Trade Deficit Widens Unexpectedly as Imports Jump
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2015
U.S. Initial Claims of Unemployment Insurance Remain Low
Initial claims for unemployment insurance increased to 278,000 during the week ended January 31 from 267,000 in the prior week, revised from 265,000. Claims were at the lowest level since the end of October. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2015
U.S. Mortgage Loan Applications Improve; Interest Rates Are Stable
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index notched 1.3% higher last week (36.0% y/y) following a slip during the prior week. Refinance applications rose 2.5% (57.7% y/y) and reversed half [...]
by:Tom Moeller
|in:Economy in Brief
The Institute for Supply Management (ISM) composite index of nonmanufacturing sector activity inched up to 56.7 during January from a revised 56.5 in December. Earlier data was revised due to new seasonal factors. The latest numbers [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2015
U.S. ADP Measure Indicates Less Job Creation
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 213,000 last month (2.3% y/y) following a 253,000 December rise, revised from 241,000, and a 274,000 increase in November, earlier [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2015
U.S. Light Vehicle Sales Slip M/M; Move Sideways Since August
Sales of light vehicles declined 1.5% during January to 16.66 million (AR) from 16.92 million in December. Despite a solid 8.9% y/y increase, sales have trended sideways since last summer. Light truck sales have shown strength with [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2015
U.S. Factory Sector Orders Improve in 2014 but Weaken Near Yearend
During all of last year, new orders to manufacturers rose a steady 2.8%. During December, however, forward momentum lost steam. New orders fell 3.4% (-3.6% y/y) following a revised 1.7% November decline, last month reported as -0.7%. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2015
New York State Economic Conditions Deteriorate As Pricing Improves
The Institute for Supply Management reported that, for New York State, their January index of business conditions expected in six months declined to 66.9, the lowest level in nine months. In addition, the reading for current economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2015
U.S. Gasoline and Crude Oil Prices Level Off
The seven-month freefall in energy prices took a breather last week. Average gasoline prices moved up 3 cents in the week ended February 2 to $2.07 per gallon, reversing the prior week's decline. Prices peaked at $3.70 per gallon this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2015
U.S. Construction Spending Loses Strength During 2014
The value of construction put-in-place increased 6.1% last year following a 5.7% rise in 2013. The rise was led by an improved 11.0% increase in nonresidential building activity followed by an easier 5.1% gain in residential building. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2015
U.S. Construction Spending Loses Strength During 2014
The value of construction put-in-place increased 6.1% last year following a 5.7% rise in 2013. The rise was led by an improved 11.0% increase in nonresidential building activity followed by an easier 5.1% gain in residential building. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2015
U.S. ISM Manufacturing Index Is Weakest In Twelve Months
Factory sector activity has lost steam. The latest reading from the Institute for Supply Management (ISM) declined to 53.5 following its December drop to 55.1. The number was the lowest since January 2014 and down from an August high [...]
by:Tom Moeller
|in:Economy in Brief
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