The index of Leading Economic Indicators, published by the Conference Board, increased 0.8% (6.1% y/y) in March following an unrevised 0.5% February gain. A 0.7% rise was expected in the Action Economics Forecast Survey. The breadth [...]
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| Apr 21 2014U.S. Leading Economic Indicators Suggest Firm Growth Ahead
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 17 2014
Philadelphia Fed Business Conditions Index Points To Further Economic Growth
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for April improved to 16.6. That added to its March improvement into positive territory after a weather-depressed negative reading in February. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 17 2014
U.S. Initial Claims for Jobless Insurance Near 2007 Low
The labor market's recovery remained in evidence last week as initial unemployment insurance claims totaled 304,000, up slightly from 302,000 during the week ended April 5, revised from 300,000. Expectations had been for 315,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2014
U.S. Mortgage Loan Applications Rebound as Interest Rates Decline
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index jumped 4.3% last week (-57.7% y/y) to the highest level in four weeks. Applications nevertheless remained two-thirds below the peak in September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2014
U.S. Industrial Production Records a Surprising Gain
Industrial output in the U.S. increased 0.7% last month (3.7% y/y) following a 1.2% jump during February, initially reported as 0.6%. A 0.5% gain in total production was expected in the Action Economics Forecast Survey. Production in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 16 2014
U.S. Housing Starts Exhibit Disappointing Rebound
Housing starts in March gained 2.8% to 946,000 units (AR) from 920,000 in February, revised up from 907,000. The latest figure fell short of expectations for 970,000 starts in the Action Economics Forecast Survey. Starts of single- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2014
U.S. Gasoline and Crude Oil Prices Continue Higher
The price for a gallon of regular gasoline increased to $3.65 last week, up 3.1% y/y. Prices remained below the $3.78 per gallon peak reached in February of last year. Haver Analytics constructs seasonal factors to account for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2014
U.S. Home Builders Index Slight Increase is Disappointing
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo edged up one point this month to 47. The index now stands 6.8% above March of 2013. The latest reading disappointed consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2014
Empire State Factory Index Deteriorates
The Federal Reserve Bank of New York indicated that its Empire State Factory Index of General Business Conditions for April declined to 1.29 from 5.61 during March. The latest was the lowest since November and fell short of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2014
U.S. Consumer Price Index Firms
Consumer prices increased 0.2% (1.5% y/y) during March following two months of 0.1% uptick. Most price categories firmed. The latest increase outpaced consensus expectations for a 0.1% rise in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 14 2014
U.S. Business Inventory Increase is Stable and Firm
Total business inventories increased 0.4% in February (4.2% y/y), the same as in January. These gains were accompanied a 0.8% rebound (1.8% y/y) in business sales after January's 1.1% decline. As a result, the inventory-to-sales ratio [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 14 2014
U.S. Retail Sales Improvement Picks Up Momentum
Retail sales gained 1.1% last month (3.8% y/y) following a 0.7% February increase, revised from 0.3%. The gain was the largest since September 2012 and roughly matched the 0.8% rise expected in the Action Economics Forecast Survey. A [...]
by:Tom Moeller
|in:Economy in Brief
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