Overall retail sales including food services increased 0.7% during November following a 0.5% October gain, revised from 0.3%. A 0.4% rise had been expected in the Action Economics Forecast Survey. Sales excluding autos rose 0.5% (4.3% [...]
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| Dec 11 2014U.S. Retail Sales Improvement Led by Autos
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2014
U.S. Mortgage Loan Applications Rebound; Interest Rates Back Up
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index gained 7.3% last week (-6.0% y/y) following two weeks of decline. Applications to refinance a loan rebounded 13.2% (-7.1% y/y) but purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2014
U.S. Budget Deficit Eases With Less Spending
The Federal Government reported a $56.8 billion budget deficit during November compared to a $135.2 billion during November of last year. For the first two months of Fiscal Year 2015, the deficit of $178.5 billion compares to $-225.8 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2014
FIBER: Industrial Commodity Prices Remain In Retreat
Prices for industrial materials are showing broad-based decline. The industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) fell 7.4% as of yesterday versus one year ago. Declines [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2014
U.S. Mortgage Loan Applications Rebound; Interest Rates Back Up
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index gained 7.3% last week (-6.0% y/y) following two weeks of decline. Applications to refinance a loan rebounded 13.2% (-7.1% y/y) but purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2014
U.S. JOLTS: Job Openings Rate Improves as Hiring Remains Firm
The job openings rate during October ticked up to 3.3%, close to where it's been for six months. The job openings rate is the number of job openings on the last business day of the month as a percent of total employment plus job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2014
U.S. Wholesale Inventory Growth Outpaces Sales
Inventories in the wholesale sector during October increased 0.4% (6.8% y/y) following an revised 0.4% September rise, earlier reported as 0.3%. Nondurable goods inventories led the gain with a 1.2% increase 4.2% y/y), paced by a 3.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2014
U.S. Gasoline Price Decline Accelerates, Sparking Demand
The price for a gallon of regular gasoline slumped last week to an average $2.68 (-18.0% y/y) versus $2.78 during the prior week. The 3.6% weekly decline was the quickest since prices hit their peak in 2011. Prices remained down [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2014
U.S. JOLTS: Job Openings Rate Improves as Hiring Remains Firm
The job openings rate during October ticked up to 3.3%, close to where it's been for six months. The job openings rate is the number of job openings on the last business day of the month as a percent of total employment plus job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2014
U.S. Small Business Optimism Jumps to New High
The National Federation of Independent Business reported that its Small Business Optimism Index for November improved to 98.1 following an unrevised gain to 96.1 during October. The latest level was the highest since February 2007. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 08 2014
NABE Maintains Forecast of Improving Economic Growth
The National Association for Business Economics continues to forecast improvement in U.S. real economic activity. Expectations were little-changed from September for 3.1% real GDP growth in 2015 and 2.2% for this year. Quarterly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2014
U.S. Payrolls Jump; Unemployment Rate Remains At 2008 Low
Nonfarm payrolls surged 321,000 during November (2.0% y/y) following upwardly revised increases of 243,000 and 271,000 during the prior two months. The gain outpaced expectations for a 225,000 rise in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- of1072Go to 427 page