The International Council of Shopping Centers and Goldman Sachs reported that chain store sales declined 0.3% last week following a 0.7% decline during the prior week. As a result of weekly sales weakness, the y/y gain halved to 2.1%. [...]
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| Oct 21 2014U.S. Chain Store Sales Fall Hard
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2014
U.S. Gasoline Prices Reach 2011 Low
The cost of a gallon of regular gasoline continued to fall sharply last week. At $3.12 per gallon (-7.1% y/y), the price was down from $3.21 during the prior week and was its least expensive since January 2011. To account for seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2014
U.S. Existing Home Sales Improve As Prices Fall Sharply
Sales of existing single-family homes rose 2.4% to 5.170 million (AR, -1.7%) during September from an unrevised 5.050 million in August. Sales were 3.9% below the peak reached last July. The latest level beat expectations for 5.10 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2014
U.S. Gasoline Prices Reach 2011 Low
The cost of a gallon of regular gasoline continued to fall sharply last week. At $3.12 per gallon (-7.1% y/y), the price was down from $3.21 during the prior week and was its least expensive since January 2011. To account for seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2014
U.S. Business Economists Survey Shows Easing Economic Conditions
The National Association for Business Economics reported in its Survey of Business Conditions that the unit demand figure declined to 42.3 last quarter from 52.4 in Q2. These data are diffusion indexes measuring the net position of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2014
U.S. Business Economists Survey Shows Easing Economic Conditions
The National Association for Business Economics reported in its Survey of Business Conditions that the unit demand figure declined to 42.3 last quarter from 52.4 in Q2. These data are diffusion indexes measuring the net position of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2014
U.S. Housing Starts Rebound Led by Multi-Family
Housing starts during September recovered 6.3% to 1.017 million (AR, 17.8% y/y) after a 12.8% decline to 957,000 during August, revised from 956,000. The latest level roughly matched expectations for 1.010 million starts in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2014
U.S. Home Builders Index Retreat Is Country Wide
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo fell back to 54 during October from an unrevised 59 in September. The figure missed expectations for 59 in the Informa Global Markets [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2014
Philadelphia Fed Business Conditions Index Declines Again
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for October fell to 20.7 from 22.5 in September. The reading was the lowest since June and roughly matched expectations in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2014
U.S. Budget Deficit's Decline Continues
The Federal Government posted a $483.4 billion budget deficit during all of FY 2014. It was the smallest deficit since 2008. For FY 2015, the Congressional Budget Office projects the budget deficit will total $469 billion then rise to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2014
U.S. Industrial Production Strength is Driven by Utilities
Industrial production jumped 1.0% during September (4.4% y/y) following a 0.2% August dip revised from -0.1%. The gain was driven by a 3.9% spike (0.9% y/y) in utility output which followed a 1.2% rise. Factory production rose 0.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2014
U.S. Initial Claims for Jobless Insurance Unexpectedly Reach New Low
Initial unemployment insurance claims during the week ended October 11 fell to 264,000 (-25.6% y/y) from an unrevised 287,000 during the prior week. It was the lowest level of claims since April 2000. The Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
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