The value of construction put-in-place edged up 0.1% (6.6% y/y) during May following a 0.8% April increase, revised from 0.2%. Figures back to January 2008 were revised. Since December, the value of construction spending has fallen [...]
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 01 2014U.S. Construction Spending Nudges Higher
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2014
U.S. ISM Index Holds Steady; Prices Slip
The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management held fairly steady at 55.3 during June versus an unrevised 55.4 in May. The reading remained nearly the highest since December but was below [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2014
U.S. Gasoline Prices Remain Unchanged
The price for a gallon of regular gasoline held at $3.70 last week (5.9% y/y). Prices remained down from the $3.78 per gallon peak reached in February of last year. To account for seasonal volatility, Haver Analytics constructs [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2014
Chicago Purchasing Managers Index Backpedals
Chicago purchasing managers indicated that their June index of General Business Conditions fell to 62.6 this month after an unrevised 65.5 in May. The figure disappointed expectations for 63.0 in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2014
U.S. Pending Home Sales Rise to Highest Level Since June
Pending sales of single-family homes jumped 6.1% (-5.2% y/y) during May, according the National Association of Realtors (NAR), following a little-revised 0.5% April increase. Expectations had been for a 1.5% rise, according to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2014
Kansas City Fed Index; Factory Sector Activity & Pricing Power Eased
The Federal Reserve Bank of Kansas City reported that its June Composite index of 10th District factory sector activity eased to 6 versus 10 in May. The latest figure remained, nevertheless, in the range of readings earlier in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2014
U.S. Initial Claims for Unemployment Insurance Slip
Initial unemployment insurance claims declined to 312,000 during the week ended June 21 from 314,000 in the prior week, revised from 312,000. The latest claims level matched expectations in the Action Economics Forecast Survey and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2014
U.S. Consumers Cautiously Raise Spending; Price Inflation Ramps Up
Personal consumption expenditures rose 0.2% during May (3.7% y/y) following no change in April, revised from the 0.1% dip reported last month. A 0.4% rise had been expected in the Action Economic Forecast Survey. When adjusted for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2014
U.S. Mortgage Loan Applications Move Lower; Interest Rates Slip
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 1.0% last week (-44.7% y/y) and added to the prior week's 9.2% skid. Applications remained two-thirds below the peak in September 2012. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2014
U.S. Durable Goods Orders Suffer a Setback
New orders for durable goods declined 1.0% (+2.7% y/y) during May and reversed an unrevised 0.8% April rise. The decline contrasted with expectations for no change in the Action Economics Forecast Survey. Fewer new orders for [...]
by:Tom Moeller
|in:Economy in Brief
Real GDP was revised to a 2.9% annual rate of decline in Q1 (+1.5% y/y) following a 1.0% drop reported last month. It was the largest decline in five years and compared to a 1.8% drop in the Action Economics Forecast Survey. Consumer [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2014
U.S. Consumer Confidence Increases Again
The Conference Board reported that their reading of consumer confidence improved 3.6% (3.8% y/y) to 85.2 this month from 82.2 in May, revised from 83.0. The latest figure was the highest since January 2008 and beat expectations for [...]
by:Tom Moeller
|in:Economy in Brief
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