The International Council of Shopping Centers and Goldman Sachs reported that chain store sales jumped 1.9% last week (4.3% y/y). That was enough to lift this month's starting point 0.6% above the May average. For all of May sales [...]
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| Jun 04 2013U.S. Chain Store Sales Recover W/W but Are Lower During the Last Month
by:Tom Moeller
|in:Economy in Brief
Global| Jun 04 2013U.S. Trade Deficit Deepens as Imports Recover
The U.S. foreign trade deficit deepened during April to $40.3B from $37.1B in March, revised from $38.8B. A $41.0B deficit had been expected. Data were revised back to January 1999. A 2.4% rebound (-1.4% y/y) in imports caused the m/m [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 03 2013U.S. Vehicle Sales Rebound
Unit sales of light motor vehicles recovered during May by 2.6% m/m (9.7% y/y) to 15.31M (SAAR), according to the Autodata Corporation. These sales compare to the recovery peak of 15.54M in November. Sales outperformed expectations [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 03 2013U.S. Construction Spending Inches Higher
Building activity improved marginally during April. The value of construction put-in-place gained 0.4% (4.3% y/y) after a revised 0.8% March decline and a 0.8% February increase, revised from -1.7% and 1.5%, respectively. A 0.9% gain [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 03 2013U.S. ISM Composite Factory Sector Index Falls to Recovery Low
Forward momentum in the factory sector has disappeared. The Composite Index of manufacturing activity from the Institute for Supply Management fell to 49.0 during May from an unrevised 50.7 in April. Below the break-even point of 50, [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 31 2013U.S. Consumer Sentiment Continues To Improve
Consumers are feeling better about today's economy and its prospects. The University of Michigan's Index of Consumer Sentiment for May improved to 84.5 (6.6% y/y), the highest level since July 2007. It compared to the consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 31 2013U.S. Personal Income, Spending and Prices Fall; Savings Remain Lean
Personal income moved marginally lower during April (2.8% y/y) following a 0.3% March advance, initially reported as 0.2%. The income figure fell short of consensus expectations for a 0.2% increase. No change in wages and salaries [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 30 2013U.S. Pending Home Sales Reach a New High
According to the National Association of Realtors (NAR), pending sales of single-family homes during April ticked up 0.3% (10.3% y/y) after a 1.5% gain during March. The latest level was the highest since April 2010. The sales rebound [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 30 2013U.S. Initial Claims for Unemployment Insurance Unexpectedly Notch Higher
Initial unemployment insurance claims increased to 354,000 (-7.3% y/y) during the week ended May 25 from a revised 344,000, initially reported as 340,000. Consensus expectations were for 340,000 claims. The four week moving average of [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 30 2013U.S. GDP Growth Remains Moderate but Profits Decline
Real GDP growth for last quarter was marginally revised to 2.4% (1.8% y/y) from the advance estimate of a 2.5% rise. Nevertheless, growth still improved from 0.4% at the end of the year. Expectations were for a 2.5% gain. Fewer [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 29 2013U.S. Chain Store Sales Remain Down Versus Last Month
Forward momentum in consumer spending was lost in May. The International Council of Shopping Centers and Goldman Sachs reported that chain store sales slumped 0.9% last week (2.8% y/y). That was enough to pull sales so far this month [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 29 2013U.S. Petroleum Prices Meander Sideways
Following earlier improvement, gasoline prices lost upward momentum last week. The price of regular gasoline slipped two cents to $3.65 per gallon and remained down just slightly versus last year. Prices remain below the $3.78 per [...]
by:Tom Moeller
|in:Economy in Brief
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