Building activity improved in February. An expected 1.2% rise (7.9% y/y) in construction put in place followed a little-revised 2.1% January decline. December figures, however, were lowered sharply. Improvement in building activity [...]
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 01 2013U.S. Construction Spending Rebounds
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2013
U.S. ISM Factory Index Posts Unexpected Decline; Pricing Power Weakens
Recent improvement in the factory sector stalled last month. The March composite index of manufacturing activity from the Institute for Supply Management fell to 51.3 from an unrevised 54.2 in February. The decline reversed most of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2013
U.S. Consumer Sentiment Improves Sharply in Late-March
The University of Michigan's Index of Consumer Sentiment for March improved for the full month to 78.6 (3.1% y/y) from its mid-month reading of 71.8. The figure was up versus 77.6 in February and compared to the consensus forecast for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2013
U.S. Personal Income & Spending Are Firm
Personal income jumped 1.1% last month (2.6% y/y) after a little-revised 3.7% January decline. The rise easily outpaced consensus expectations for a 0.7% increase. Last month's outsized gain in overall income stemmed from a 2.0% rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2013
U.S. Personal Income & Spending Are Firm
Improvement in income is encouraging consumers to keep spending. Personal income jumped 1.1% last month (2.6% y/y) after a little-revised 3.7% January decline. The rise easily outpaced consensus expectations for a 0.7% increase. Last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2013
U.S. Initial Jobless Insurance Claims Unexpectedly Move Up
Initial claims for jobless insurance rose to 357,000 during the week ended March 23 from 341,000 during the prior week (revised from 336,000). Consensus expectations were for 340,000 claims. This latest claims figure was the highest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2013
U.S. GDP Growth Is Revised Higher, but Remains Scant
Economic growth last quarter just didn't amount to much, revisions confirm. The Commerce Department's second revision of Q4'12 growth indicated an annualized rise of 0.4% (1.7% y/y) following last month's estimate of a 0.1% uptick. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2013
U.S. Pending Home Sales Are Roughly Stable at 3-Year High
Pending sales of single-family homes slipped 0.4% (+8.5% y/y) last month after a 3.8% January rise, revised from 4.5%, according to the National Association of Realtors (NAR). The sales rebound in the aftermath of the removal in 2010 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2013
U.S. Mortgage Applications Recover As Interest Rates Level Off
The housing market remains firm. The index of total mortgage applications increased 7.7% (24.1% y/y) last week and reversed the prior week's decline, according to the Mortgage Bankers Association. Home purchase applications posted a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2013
U.S. Consumer Confidence: The Bloom Falls Off the Rose
Following its strength in 2012, consumer confidence has trended lower versus the October high. The Conference Board's March Consumer Confidence Index retreated to 59.7 following a downwardly revised February reading of 68.0. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2013
U.S. New Home Sales Slip But Prices Inch Up
New home sales slipped 4.6% (+12.3% y/y) last month to 411,000 (AR). That compared to a downwardly revised gain to 431,000 sales during January. Consensus expectations had been for sales of 424,000. Sales declined m/m throughout most [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2013
U.S. Case-Shiller Home Price Index Strengthens
The seasonally adjusted Case-Shiller 20 City Home Price Index increased 1.0% (8.1% y/y) during January after a 0.9% December gain. The last two monthly increases were the strongest since the spring of last year. Home prices in the [...]
by:Tom Moeller
|in:Economy in Brief
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