The Empire State Factory Index of General Business Conditions retreated to 14.69 during August after having moved to 25.60 in July. The Federal Reserve Bank of New York reported that it was the lowest level since April and fell short [...]
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| Aug 15 2014Empire State Factory Sector Index Declines; Pricing Power Heats Up
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2014
U.S. Factory Output Posts a Strong Increase
Production in the manufacturing sector jumped 1.0% (4.9% y/y) during July after increasing 0.3% during the prior two months, last month reported as 0.1% for June and 0.4% for May. Overall industrial output in the U.S. increased 0.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2014
U.S. Producer Prices Tick Higher as Food Prices Rebound
The overall Final Demand Producer Price Index rose 0.1% during July (1.7% y/y) following an unrevised 0.4% June increase. The gain matched expectations in the Action Economics Forecast Survey. Prices excluding food & energy improved a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2014
U.S. Import Prices Edge Lower; Export Prices Remain Unchanged
Import prices slipped 0.2% during July (+0.8% y/y) following an unrevised 0.1% uptick in June. The shortfall matched expectations in the Action Economics Forecast Survey. A 1.4% decline (+1.7% y/y) in petroleum prices provided the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2014
U.S. Initial Unemployment Insurance Claims Rebound
Job market improvement stuttered last week. Initial claims for jobless insurance during the week ended August 9 increased to 311,000, the highest level in six weeks. Claims during the prior week totaled 290,000, revised from 289,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2014
U.S. Mortgage Loan Applications Move Lower
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 2.7% last week (-28.4% y/y). Applications remained two-thirds below the peak in September 2012. Applications to refinance an existing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2014
U.S. Business Inventories and Sales Continue Upward
Total business inventories increased 0.4% in June (5.8% y/y) after an unrevised 0.5% May advance. Increases in inventories during Q2'14 picked up versus the first quarter and added 1.6 percentage points to real GDP growth. That [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2014
U.S. Retail Sales Remain Unchanged After Five Months of Increase
Retail and food service sales were unchanged (3.7% y/y) during July following an unrevised 0.2% June rise. A 0.3% increase had been expected in the Action Economics Forecast Survey. Fewer sales of motor vehicles & parts limited last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2014
U.S. Budget Deficit's Decline Is Near Expectations
The Federal Government posted a $94.6 billion budget deficit during July of FY 2014, and roughly matched expectations in the Action Economics Forecast Survey. For the first ten months of the current fiscal year, the government ran a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2014
U.S. Crude Oil Prices Near January Low; Gasoline Pries Slip
The price for a gallon of regular gasoline declined another penny last week to $3.51 (-1.6% y/y). Prices remained down from the $3.78 per gallon peak reached in February of last year. To account for seasonal volatility, Haver [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2014
U.S. JOLTS: Job Openings Rate Jumps to 2007 High; Hires Rate Firms a Bit
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate jumped to 3.3% during June from an unrevised 3.2% in May. The latest level was the highest since June 2007. The job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2014
U.S. Small Business Optimism Improves Slightly; Pricing Remains Firm
The National Federation of Independent Business reported that its Small Business Optimism Index edged up to 95.7 during July, making up half of its June decline. The latest level remained near its highest since September 2007, just [...]
by:Tom Moeller
|in:Economy in Brief
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