Frigid temperatures may be continuing to discourage car buying. Unit sales of light motor vehicles edged up a scant 0.7% to 15.34 million (SAAR) during February, unchanged year-to-year according to the Autodata Corporation. Sales have [...]
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| Mar 03 2014U.S. Vehicle Sales Remain Under Pressure
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2014
U.S. Construction Spending Growth Remains Moderate
The value of construction put-in-place ticked 0.1% higher in January (5.3% y/y) following a revised 1.5% December increase, initially reported as 0.1%. A 0.3% slip in building activity had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2014
U.S. ISM Index Begins to Recover
The factory sector began to bounce back last month following heavy winter snowfalls. The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management improved to 53.2 during February from 51.3 in January. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2014
U.S. Personal Income, Outlays & Savings Firm
Personal income gained 0.3% during January (4.1% y/y) after little change in December. The gain beat expectations for a 0.2% rise in the Action Economics Forecast Survey. Disposable personal income increased 0.4% (4.0% y/y). Wages & [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2014
U.S. Pending Home Sales Remain Depressed by Winter Storms
The National Association of Realtors (NAR) reported that pending sales of single-family homes ticked up 0.1% during January following a 5.8% December decline, revised from an 8.7% shortfall. The latest uptick followed six consecutive [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2014
U.S. GDP Growth is Revised Lower; Price Inflation Raised
Real GDP growth for Q4'13 eased more than initially estimated. The growth estimate was lowered by the Department of Commerce to 2.4% (2.5% y/y) from 3.2% in the advance release, down sharply from 4.1% in the third quarter. The gain [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2014
U.S. Durable Goods Order Decline Reflects a Weaker Transportation Sector
New orders for durable goods fell 1.0% during January (+4.6 y/y) following a 5.3% December drop, revised from a 4.3% decline. The latest decline matched expectations in the Action Economics Forecast Survey. A 5.6% drop (+13.6% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Kansas City reported that its February Composite index of 10th District factory sector activity dipped to 4 from 5 during January. The composite index is an average of the production, new orders, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2014
U.S. Initial Jobless Insurance Claims Move Higher
Initial claims for unemployment insurance bounced up to 348,000 during the week ended February 22 from 334,000 in the prior week, initially reported as 336,000. This latest level was the highest since late-January. Expectations had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2014
U.S. Durable Goods Order Decline Reflects a Weaker Transportation Sector
New orders for durable goods fell 1.0% during January (+4.6 y/y) following a 5.3% December drop, revised from a 4.3% decline. The latest decline matched expectations in the Action Economics Forecast Survey. A 5.6% drop (+13.6% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2014
U.S. New Home Sales Improve Unexpectedly to Five-Year High
Harsh winter weather didn't discourage home buyers last month. New home sales improved 9.6% to 468,000 (2.2% y/y), the highest level since July 2008. December sales were revised to 427,000 from 414,000. The latest figure beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2014
U.S. Mortgage Loan Applications Follow Home Purchases Lower
A softer housing market has lessened the workload of mortgage bankers. The Mortgage Bankers Association reported that their total mortgage market index declined 8.5% last week (-53.7% y/y), the third consecutive week of sharp decline. [...]
by:Tom Moeller
|in:Economy in Brief
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