The U.S. foreign trade deficit in goods and services widened to $43.0 billion in September from a little-revised $40.0 billion in August. Expectations in the Action Economics Forecast Survey were for $40.0 billion. Exports fell 1.5% [...]
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 04 2014U.S. Trade Deficit Deteriorates as Exports Fall
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2014
U.S. Gasoline Price Moves Below $3.00 per Gallon
The cost for a gallon of regular gasoline fell to $2.99 per gallon last week (-8.3% y/y) from $3.06 during the prior week. The latest was its least expensive price since December 2010. To account for seasonal patterns, Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2014
U.S. Light Vehicle Sales Remain Firm
According to the Autodata Corporation, October sales of light vehicles held fairly steady at 16.46 million units (SAAR) versus 16.43 million in September. Sales were up 7.0% y/y. Auto sales in October improved 2.9% versus September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2014
U.S. Construction Spending Declines M/M As Forward Momentum Eases
The value of construction put-in-place edged 0.4% lower (+2.9% y/y) during September following a 0.5% August decline. The 0.3% July rise was revised sharply lower. Since May's peak, the value of construction spending has fallen 2.3%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2014
U.S. ISM Manufacturing Index Rebounds Unexpectedly; Prices Ease
The ISM Composite Index of Factory Sector Activity rebounded to 59.0 last month following an unrevised decline to 56.6 during September. The latest level matched its highest since March, 2011. Expectations in the Action Economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2014
U.S. Employment Cost Index Strengthens
The employment cost index for private industry workers jumped 0.7% (2.3% y/y) in Q3'14, following an unrevised 0.8% Q2 rise. These increases were the largest since Q4'07 and surpassed expectations for a 0.5% rise in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2014
U.S. Consumer Spending Declines as Disposable Income Growth Subsides
Personal consumption expenditures fell 0.2% during September (+3.5% y/y) following an unrevised 0.5% August improvement. A 0.1% uptick had been expected in the Action Economics Forecast Survey. A 5.3% decline (+9.6% y/y) in motor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2014
U.S. Initial Claims for Jobless Insurance Tick Higher
Initial claims for unemployment insurance during the week ended October 25 rose to 287,000 (-17.1% y/y) from 284,000, revised from 283,000. The Action Economics Forecast Survey expected 281,000 claims in the latest week. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2014
U.S. GDP Growth in Q3 Is Stronger Than Expected
GDP grew 3.5% last quarter (2.3% y/y) following an unrevised 4.6% rise. The gain exceeded expectations for 3.0% growth in the Action Economics Forecast Survey. Last quarter's strength was due to trade deficit improvement and firm [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2014
U.S. GDP Growth in Q3 Is Stronger Than Expected
GDP grew 3.5% last quarter (2.3% y/y) following an unrevised 4.6% rise. The gain exceeded expectations for 3.0% growth in the Action Economics Forecast Survey. Last quarter's strength was due to trade deficit improvement and firm [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2014
U.S. Mortgage Loan Applications Pull Back
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 6.6% last week (-20.2% y/y) following three week's of improvement. Applications to refinance an existing loan fell 7.4% (-22.4% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2014
U.S. Mortgage Loan Applications Pull Back
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 6.6% last week (-20.2% y/y) following three week's of improvement. Applications to refinance an existing loan fell 7.4% (-22.4% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
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