Consumers are feeling much better about economic conditions. The University of Michigan's Index of Consumer Sentiment for mid-May jumped 9.6% (5.5% y/y) to 83.7, the highest level since July 2007. It compared to the consensus forecast [...]
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| May 17 2013Consumer Sentiment Improves To Recovery High
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2013
Philadelphia Fed Business Activity Index Bounces Back With Pricing Power
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index fell to -5.2. That followed an unrevised 1.3 in April. Haver Analytics constructs a seasonally adjusted figure comparable to the ISM index and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2013
U.S. Initial Claims for Jobless Insurance Jump
The earlier decline in initial claims for unemployment insurance reversed course last week. They rose to 360,000 (-3.5% y/y) during the week ended May 11 from a revised 328,000 during the prior week, initially reported as 323,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2013
U.S. Housing Starts Drop to Five-Month Low as Multi-Family Building Slumps
New building activity backpedaled last month following its earlier strength. Total housing starts dropped 16.5% to 853,000 (AR) last month from 1.021M in March, initially reported as 1.036M. Expectations had been for 970,000 starts in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2013
U.S. CPI Continues Downward With Energy Prices; Core Prices Up Minimally
Price inflation remains under control. The consumer price index fell 0.4% (+1.1% y/y) during April, doubling its unrevised March shortfall. Expectations were for a lesser 0.2% decline in the index. Prices excluding food and energy [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2013
U.S. Home Builders Index Recovers After Its April Swoon
New home builders breathed easier as construction activity recovered this month. The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo jumped to 44 in May following a downwardly revised April [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2013
U.S. Industrial Production Moves Lower
Activity in the factory sector is weakening. Industrial production fell 0.6% during April following a 0.3% March increase, earlier reported as 0.4%. A 0.1% slip had been expected in the Action Economics survey. Declines in activity [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2013
U.S. PPI Continues Downward With Energy Prices; Core Weakens Further
The producer price index for finished goods fell 0.7% last month (+0.7% y/y) and added to an unrevised 0.6% March shortfall. The decline roughly matched expectations for a 0.6% drop. Prices excluding food & energy ticked up an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2013
Empire State Factory Index Returns To Negative Territory
Industrial sector activity continues to lose forward momentum. The Federal Reserve Bank of New York reported that the Empire State Factory Index of General Business Conditions declined to -1.43 this month from an unrevised 3.05 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2013
Empire State Factory Index Returns To Negative Territory
Industrial sector activity continues to lose forward momentum. The Federal Reserve Bank of New York reported that the Empire State Factory Index of General Business Conditions declined to -1.43 this month from an unrevised 3.05 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2013
U.S. Gasoline and Crude Oil Prices Continue To Rebound
The upcoming summer driving season is lending strength to petroleum prices. The price of regular gasoline gained six cents last week to $3.60 per gallon yet it's still 4.0% lower than last year. Prices reached a peak of $3.78 per [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2013
U.S. Import and Export Prices Fall Further
Prices in the U.S. foreign trade sector weakened further last month. Import prices fell 0.5% (-2.6% y/y) during April after a 0.2% March decline, earlier reported as -0.5%. The Action Economics survey looked for a 0.4% drop in prices. [...]
by:Tom Moeller
|in:Economy in Brief
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