The value of construction put-in-place gained 1.0% in November (5.9% y/y) following a little-revised 0.9% October rise. A 0.6% increase in building activity had been expected. The September increase of 1.4% was revised up [...]
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| Jan 02 2014U.S. Construction Spending Advances Further
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 02 2014
U.S. ISM Index Slips M/M Yet Remains Near Recovery High
Last year closed out with firmness in the factory sector. The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management slipped to 57.0 during December from an unrevised 57.3 in November. Nevertheless, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 02 2014
U.S. Initial Unemployment Insurance Claims Fall to Five-Week Low
Labor market improvement was in evidence as 2013 came to a close. Initial claims for unemployment insurance slipped to 339,000 during the week ended December 28 from 341,000 in the prior week, revised from 338,000. It was the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 24 2013
U.S. Durable Goods Orders Show Broad-Based Strength
Strength in the factory sector is gaining momentum. Orders for durable goods jumped 3.5% (10.9% y/y) last month following a 0.7% October slip, revised from the initial report of a 2.0% decline. A 21.8% surge (63.9% y/y) in orders for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 24 2013
U.S. Petroleum Prices Improve
The price for a gallon of regular gasoline prices recovered to $3.27 (0.4% y/y) last week but remained down versus the $3.78 per gallon peak reached late in February. Much of the decline versus last year reflects less driving this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 24 2013
U.S. New Home Sales Dip But Prices Strengthen
New home sales during November slipped 2.1% to 464,000 (+16.6% y/y) although sales during the prior two months were revised sharply higher. The latest figure beat expectations for 450,000 sales in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2013
U.S. Chicago Fed National Activity Index Reaches Twelve-Month High
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) jumped to 0.60 last month from -0.07 during October. The latest level was the highest reached since November of 2012. As a result of the monthly gain, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2013
Consumer Sentiment Rise Is To The Highest Level Since July
The index of consumer sentiment from the Reuters/University of Michigan survey jumped to 82.5 for all of this month from 75.1 during November. That nearly recovered all of the decline since July and roughly matched expectations for an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2013
U.S. Consumers Dip Into Savings to Sustain Personal Spending
More confident individuals are dipping into savings to spend. The personal savings rate fell to 4.2% in November from a downwardly revised 4.5% in October. It was the lowest saving rate in nine months. The total amount of personal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2013
U.S. GDP Growth Is Revised Upward With Improved Consumer Spending
Real GDP growth for Q3'13 was revised up again, this time to 4.1% (2.0% y/y) from 3.6%. Growth was the firmest since Q4'11 and outpaced consensus expectations for a 3.6% rise in the Action Economics survey. Domestic final sales rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2013
U.S. Existing Home Sales Fall and Prices Weaken Further
Sales of existing single-family homes fell 4.3% (-1.2% y/y) to 4.900 million (AR) during November from an unrevised 5.120 million in October. The decline from the August high totals 9.1%. November sales fell short of 5.050 million [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2013
Philadelphia Fed Business Conditions Index Disappoints
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for December rose slightly to 7.0 from 6.5 in November. The figure nevertheless remained near its lowest level since May and was weaker than [...]
by:Tom Moeller
|in:Economy in Brief
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