The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions recovered to 10.16 during November following a sharp decline to an unrevised 6.17 in October. Despite the upturn, 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| Nov 17 2014Empire State Factory Sector Index Improves
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2014
U.S. Industrial Production Slips M/M as Forward Momentum Eases
Industrial production slipped 0.1% last month following a 0.8% September increase, revised from 1.0%. Manufacturing sector production rose 0.2% (3.4% y/y) following a 0.2% September rise, last month reported as 0.5%. Despite the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2014
U.S. Business Inventories Post Moderate Rise as Sales Remain Unchanged
Total business inventories rose 0.3% during September following a 0.1% August gain, revised from 0.2%. Perhaps prompting the accumulation, total business sales were unchanged (4.1% y/y) following a 0.5% August slump, revised slightly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2014
U.S. Import Prices Continue Lower With Oil Costs
Import prices declined 1.3% (-1.8% y/y) during October after a 0.6% September drop, earlier reported as -0.5%. It was the fourth straight month of decline and matched expectations in the Action Economics Forecast Survey. A 6.9% fall [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2014
U.S. Retail Sales Recover as Internet Sales Jump
Consumer spending regained buoyancy last month. Overall retail sales, including food services, improved 0.3% during October (4.1% y/y) following an unrevised 0.3% September decline. A 0.2% rise had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2014
U.S. Budget Deficit Jumps With More Spending
The Federal Government reported a $121.7 billion budget deficit during October compared to a $90.6 billion during October of last year. For FY 2015, the Congressional Budget Office projects the budget deficit will total $469 billion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2014
U.S. JOLTS: Job Openings Rate Dips but Hiring Increases
The job openings rate during September dipped m/m to 3.3% from its eleven year high of 3.4%. 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 openings. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2014
U.S. Initial Claims for Unemployment Insurance Rebound
Initial claims for jobless insurance during the week ended November 8 increased to 290,000 (-15.2% y/y) after falling to an unrevised 278,000 during the prior week. The Action Economics Forecast Survey expected 280,000 claims in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2014
U.S. Wholesale Inventory Growth Outpaces Sales
Inventories in the wholesale sector increased 0.3% (7.4% y/y) during September following a 0.6% August rise, revised from 0.7%. Durable goods inventories rose a stable 0.8% (9.0% y/y), paced by a 3.4% jump (11.1% y/y) in computers & [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2014
U.S. Mortgage Loan Applications Move Slightly Lower
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index fell 0.9% last week (-19.2% y/y), the third straight week of decline. Applications to refinance an existing loan fell 1.9% (-23.4% y/y), also the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2014
U.S. Chain Store Sales Recover W/W
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales improved 1.5% last week, but the gain only recovered the prior week's decline. Sales began this month roughly equal to October when [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2014
U.S. Petroleum Prices Move Lower
The price of a gallon of regular gasoline fell to $2.94 per gallon last week (-7.9% y/y) from $2.99 during the prior week. The latest was its least expensive price since November 2010. To account for seasonal patterns, Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
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