The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management fell back to 53.2 during May from an unrevised 54.9 in April. The reading retraced two months of improvement and was below the November peak [...]
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| Jun 02 2014U.S. ISM Index Backpedals But Prices Strengthen
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2014
U.S. Chain Store Sales Weaken Again
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales declined 1.2% (+2.1% y/y) last week, down for the fourth straight week. Sales have fallen 1.2% versus April. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2014
U.S. Gasoline Prices Remain Unchanged; Crude Oil Continues Higher
The price for a gallon of regular gasoline held at $3.67 last week (0.8% y/y), steady at that level for all of this month. The price remained down from the $3.78 per gallon peak reached in February of last year. To account for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2014
U.S. Mortgage Loan Applications Decline; Mortgage Rates Fall
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 1.2% last week (-49.8% y/y) and retraced the earlier week's rise. Applications remained two-thirds below the peak in September 2012. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2014
U.S. FHFA Home Price Index Improves; Trend Growth Slips
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) increased 0.7% during March, the strongest gain in three months. The year-to-year growth rate eased, however, to 6.4% from an 8.5% peak in July of last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2014
U.S. Consumer Confidence Remains Strong
The Conference Board reported that their reading of consumer confidence improved to 83.0 this month from 81.7 in April, revised from 82.3. The latest figure remained nearly the highest since January 2008 and matched expectations in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2014
U.S. Durable Goods Orders Retain Upward Momentum
Manufacturing sector activity continues to register surprising improvement. New orders for durable goods increased 0.8% during April (7.1% y/y) following a 3.6% March rise, initially reported as 2.6%. The increase beat expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2014
U.S. New Home Sales Recover; Prices Drop
New home sales during April increased 6.4% m/m to 433,000 (AR) from a revised 407,000 in March, initially reported as 384,000. Sales remained 5.7% below the peak in June of last year. The latest figure beat expectations for 425,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2014
Kansas City Fed Index Matches Two-Year High
The Federal Reserve Bank of Kansas City reported that its May Composite index of 10th District factory sector activity rebounded to 10 versus 7 in April. These figures were at the highest levels since early-2012. The composite index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 22 2014
U.S. Leading Economic Indicators Point Toward Improved Economic Growth
The first quarter's economic stagnancy looks to have been a hiccup, according the Index of Leading Economic Indicators. The Conference Board reported that the index advanced 0.4% last month, the third month of firm increase following [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 22 2014
U.S. Existing Home Sales Post a Small Gain
The worst of the winter's harsh weather effect on housing may have passed, but there's little buoyancy in its wake. Sales of existing single-family homes in April gained 1.3% (-6.8% y/y) to 4.650 million (AR) versus an unrevised 4.590 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 22 2014
Chicago Fed National Activity Index Suggests Slower Economic Growth
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) backpedaled to -0.32 last month from 0.34 during March, revised from 0.20. The latest reading was the weakest since January and remained down versus [...]
by:Tom Moeller
|in:Economy in Brief
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