Chicago purchasing managers indicated that their September Business Barometer Index fell to 60.5 this month but remained higher than the year-ago level of 56.3. The reading fell short of expectations for 62.0 in the Action Economics [...]
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| Sep 30 2014Chicago Purchasing Managers Index Dips; Inventories Surge
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 30 2014
U.S. Gasoline Prices Hold Steady; Crude Oil Price Falls
The cost of a gallon of regular gasoline held at $3.35 last week (-2.1% y/y), remaining the least expensive since mid-February. To account for seasonal patterns, Haver Analytics constructs factors for adjustment of pump prices. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2014
U.S. Consumer Spending Posts Firm Rise As Income Improves
Personal consumption expenditures increased 0.5% during August (4.1% y/y) following an unchanged July reading, revised from -0.1%. The rise matched the strongest gain since a 0.8% March increase. A 0.4% increase had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2014
NABE Predicts Improving Economic Growth
The National Association for Business Economics has released new forecasts for U.S. real economic activity. Expectations for 3.0% real GDP growth in 2015 were little-changed but this year's advance was lessened to 2.1% due to the Q1 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2014
U.S. Pending Home Sales Decline
Pending sales of single-family home sales declined 1.0% last month (-2.2% y/y) following a 3.2% July increase, according to the National Association of Realtors (NAR). Sales were nearly at the highest level since last August. Home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2014
U.S. Consumer Spending Posts Firm Rise As Income Improves
Personal consumption expenditures increased 0.5% during August (4.1% y/y) following an unchanged July reading, revised from -0.1%. The rise matched the strongest gain since a 0.8% March increase. A 0.4% increase had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 26 2014
U.S. GDP Growth is Strengthened
The third GDP estimate for Q2'14 indicated growth of 4.6% (AR), revised up from 4.2%. The gain followed a 2.1% Q1 decline and matched expectations in the Action Economics Forecast Survey. Improved estimates of growth in each major [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2014
Kansas City Fed Factory Sector Activity Rebounds
The Federal Reserve Bank of Kansas City reported that its September Composite index of 10th District factory sector activity recovered to 6 after falling sharply to 3 in August. The composite index is an average of the production, new [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2014
U.S. Initial Claims for Jobless Insurance Rise
Initial unemployment insurance claims rebounded to 293,000 (-7.3% y/y) during the week ended September 20 from 281,000 in the prior week, revised from 280,000. The Action Economics Forecast Survey expected 300,000 claims in the latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2014
U.S. Durable Goods Orders Retreat With Fewer Aircraft Bookings
New orders for durable goods fell back 18.2% during August (+8.9% y/y) following a 22.5% July surge, revised from 22.6%. The shortfall roughly matched expectations in the Action Economics Forecast Survey. Orders were pulled lower by a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2014
U.S. New Home Sales Jump to 2008 High
New home sales during August surged 18.0% (33.3% y/y) to 504,000 from a revised 427,000 in July, initially reported as 412,000. It was the highest level of sales since May 2008. The increase easily beat expectations for 430,000 sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2014
U.S. Mortgage Loan Applications Decline as Interest Rates Move Higher
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 4.1% last week (-25.1% y/y) following the prior week's 7.9% rise. Applications were near the lowest level of the economic recovery. [...]
by:Tom Moeller
|in:Economy in Brief
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