Total business inventories increased 0.5% in May (5.6% y/y) after an unrevised 0.6% advance during April. The stronger y/y rise contrasted with the 3.0% gain last summer. Inventories in the factory sector rose 0.8% (3.8%). Wholesale [...]
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| Jul 15 2014U.S. Business Inventory Increase Remains Firm
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 15 2014
U.S. Import Prices Tick Higher; Export Prices Decline
Import prices nudged up 0.1% during June (1.2% y/y) following a 0.3% May rise, last month reported as 0.1%. A 0.3% increase had been expected in the Action Economics Forecast Survey. A 1.4% rise (6.4% y/y) in petroleum prices provided [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 15 2014
Empire State Factory Sector Index Moves To New High
The Empire State Factory Index of General Business Conditions jumped during July to 25.60 from 19.28 in June. The Federal Reserve Bank of New York reported that it was the highest level since April 2010 and beat expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 15 2014
U.S. Retail Sales Gains Are Disappointing
Retail and food service sales nudged 0.2% higher (4.3% y/y) during June following a 0.5% May rise, revised from 0.3%. A 0.6% increase had been expected in the Action Economics Forecast Survey. Sales of motor vehicles & parts fell 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2014
N.Y. Fed: Consumer Expectations Vary Over The Last Year
Households expectations regarding inflation have been fairly sanguine. The expected inflation rate of 3.2% during the next year was unchanged and near the midpoint of the varying changes during the last year. Inflation expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 11 2014
U.S. Budget Surplus Disappoints Expectations
The Federal Government posted a $70.5 billion budget surplus during June of FY 2014, disappointing expectations for a $105.0 billion surplus in the Action Economics Forecast Survey. For the first nine months of the current fiscal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 11 2014
U.S. Personal Loan Delinquency Rates Near Eight-Year Low
The American Bankers Association indicated that loan delinquency rates showed varied improvement during the first quarter. Delinquency rates, as a percentage of loans with outstanding payments, mostly fell despite the overall [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 10 2014
U.S. Wholesale Inventories and Sales Moderate M/M
Wholesale sales increased 0.7% (6.6% y/y) during May following an unrevised 1.3% gain in April. In the durable goods sector, sales inched 0.2% higher (5.9% y/y) after 1.6% increases in the prior two months. The latest rise was held [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 10 2014
U.S. Initial Unemployment Insurance Claims Decline Unexpectedly
The job market showed signs of improvement to begin the new month. Initial unemployment insurance claims declined to 304,000 (-13.9% y/y) during the week ended July 5 from an unrevised 315,000 in the prior week. The latest claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 09 2014
U.S. Consumers Pull Back Credit Usage
The Federal Reserve Board reported that consumer credit outstanding increased $19.6 billion during May following a $26.1 billion April gain, last month reported as $26.8 billion. Expectations were for an $18.1 billion increase, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 09 2014
U.S. Chain Store Sales Continue To Firm
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales increased 1.7% (3.3% y/y) last week, the third week of strong gain. Sales began this month 3.6% above the June average which slipped 0.2% [...]
by:Tom Moeller
|in:Economy in Brief
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index moved 1.9% higher last week (-33.6% y/y) to the highest level in four weeks. Applications remained two-thirds below the peak in September 2012. [...]
by:Tom Moeller
|in:Economy in Brief
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