Total business inventories increased 0.4% in July (5.9% y/y) after an unrevised 0.4% rise during June. For all of last quarter, faster accumulation of inventories added 1.4 percentage points to real GDP growth after a 1.2 percentage [...]
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 12 2014U.S. Business Inventory Gain Is Steady; Sales Increase Firms
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 12 2014
U.S. Import and Export Prices Move Lower
Import prices fell 0.9% during August (-0.4% y/y) following a revised 0.3% decline during July, earlier reported as -0.2%. A 1.0% shortfall was expected in the Action Economics Forecast Survey. A 4.4% decline (-5.3% y/y) in petroleum [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 12 2014
U.S. Retail Sales Increase Is Unexpectedly Strong
Retail and food service sales improved 0.6% during August (5.0% y/y) following a revised 0.3% July gain, revised from no change. A 0.5% increase had been expected in the Action Economics Forecast Survey. Sales increases were broad- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 11 2014
U.S. Budget Deficit's Decline Continues
The Federal Government posted a $128.7 billion budget deficit during August of FY 2014, and roughly matched expectations in the Action Economics Forecast Survey. For the first eleven months of the current fiscal year, the government [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 11 2014
U.S. Quarterly Service Survey (QSS) Indicates Revenue Rebounding
The Quarterly Service Sector Survey, produced by the U.S. Census Bureau, is designed to give timely, detailed indications of activity in the service sector. These indicators feed into estimates of GDP. The latest figures covering [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 11 2014
U.S. Initial Claims for Jobless Insurance Move Higher
Initial unemployment insurance claims rose to 315,000 during the week ended September 6 from 304,000 in the prior week, revised from 302,000. It was the highest level of claims since the last week of June. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 10 2014
U.S. Wholesale Inventories Inch Higher
Inventories at the wholesale level edged 0.1% higher during July following a 0.2% June increase, revised from 0.3%. Inventories of durable goods increased 0.3% (8.4% y/y). Hardware inventories gained 1.8% (7.6% y/y while motor vehicle [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 10 2014
U.S. Mortgage Loan Applications Decline To New Low
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 7.2% last week (-15.0% y/y) after the prior week's 0.2% uptick. Applications were at the lowest level of the economic recovery. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 09 2014
U.S. JOLTS: Job Openings and Hires Rates Hold Steady
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate during July held m/m at 3.3% following its jump from 2.8% at yearend 2013. The latest level was the highest since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 09 2014
.S. Small Business Optimism Strengthens Modestly; Pricing Power Deteriorates
The National Federation of Independent Business reported that its Small Business Optimism Index rose to 96.1 during August following an unrevised July increase to 95.7. The latest level remained near its highest since September 2007, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 09 2014
U.S. Gasoline Prices Remain Stable; Crude Oil Prices Decline
The price for a gallon of regular gasoline held steady last week at $3.46. It's been near that level for four weeks but was off 3.6% y/y. To account for seasonal patterns, Haver Analytics constructs factors for adjustment of pump [...]
by:Tom Moeller
|in:Economy in Brief
The National Federation of Independent Business reported that its Small Business Optimism Index gained to 96.1 during August following an unrevised moderate July increase. The latest level remained near its highest since September [...]
by:Tom Moeller
|in:Economy in Brief
- of1073Go to 442 page