The value of construction put-in-place gained 0.6% in August (7.1 y/y) following an upwardly revised 1.4% July jump, double the rise reported initially. A 0.5% rise in building activity had been expected. Private sector construction [...]
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| Oct 23 2013U.S. Construction Spending Continues to Strengthen
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2013
U.S. Import Price Inflation Remains Steady
Import prices matched expectations and increased 0.2% last month (-1.0% y/y), the same as during August. A 0.8% increase (-0.4% y/y) in petroleum prices was accompanied by no change (-1.0% y/y) in nonpetroleum costs. September's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2013
U.S. Energy Prices Remain Under Pressure
The price for a gallon of regular gasoline rose a penny last week to $3.36 (-8.9% y/y). Prices have been relatively stable for three weeks at their lowest level since the end of January, but that's down from the $3.78 per gallon peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2013
U.S. Hiring Continues at a Moderate Rate; Jobless Rate Falls
In the report on September labor market conditions, delayed by the federal government shutdown, nonfarm payrolls rose 148,000 (1.7% y/y) during September following revised increases of 193,000 and 89,000 in the prior two months, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2013
U.S. Existing Home Sales and Prices Move Lower
Sales of existing homes declined 1.9% (+10.7% y/y) last month to 5.290 million (AR). The drop followed no-change during August revised from a 1.7% rise, according to the National Association of Realtors. Consensus expectations had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2013
Philadelphia Fed Business Conditions Index Dips M/M but Retains Strength
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for October retreated to 19.8 from 22.3 in September. Nevertheless, the figure remained near the highest level since March 2011 and was firmer [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2013
U.S. Initial Unemployment Insurance Claims Drop Disappoints
Initial claims for unemployment insurance fell to 358,000 (-6.8% y/y) during the week ended October 12 from 373,000 during the prior week, initially reported as 374,000. The Action Economics Forecast Survey expected 342,000 claims. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2013
U.S. Home Builders Index Works Its Way Lower
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo fell 2 points to 55 this month after a 1 point decline in September, last month reported as no change. This latest reading disappointed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2013
U.S. Mortgage Applications Downward Trend Remains In Place
Mortgage bankers have seen their volume of business fall by roughly one-half during the last year. The Mortgage Bankers Association reported that despite the 1.7% w/w increase last week, their total mortgage market index was off 54.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 15 2013
Empire State Factory Index Declines
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions for October fell to 1.52 from an unrevised 6.29 in September. The latest figure disappointed expectations for 6.5, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 14 2013
FIBER: Industrial Commodity Prices Remain Trendless
Most commodity prices indexes have moved sideways since the recovery from recession. Friday's industrial commodity price index, from the Foundation for International Business and Economic Research (FIBER), was 165.5, unchanged since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 11 2013
U.S. Consumer Sentiment Shows Dour Expectations
The budget debate, government furloughs, lower stock prices and higher mortgage rates seem to be weighing on consumer attitudes about the future. Consumer sentiment from the Reuters/University of Michigan survey fell sharply this [...]
by:Tom Moeller
|in:Economy in Brief
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