The latest report from the International Council of Shopping Centers and Goldman Sachs indicated that chain store sales ticked up 0.2% last week (1.8% y/y) to the highest level since early-January. That places sales 1.0% above the [...]
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| Mar 05 2013Chain Store Sales Recover
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2013
U.S. ISM Nonmanufacturing Index Inches Higher
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) improved to 56.0 last month from 55.2 during January. Expectations had been for 55.0. Since the series' inception in 1997 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2013
U.S. Gasoline Prices Retrace Earlier Increase
The pump price for a gallon of regular gasoline backpedaled by two cents last week to $3.76 per gallon (-0.9% y/y) following the prior week's three cent rise. It was the first weekly easing in prices since December. Nevertheless, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2013
FIBER: Industrial Commodity Price Changes Are Mixed
What earlier was uniform strength in commodity prices has become mixed. The latest industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) slipped during the last two weeks from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2013
U.S. Vehicle Sales Remain Strong
For the last four months, vehicle sales have been firm. Unit sales of light motor vehicles during February ticked up 0.6% m/m (6.1% y/y) to 15.38M (SAAR) according to the Autodata Corporation. Sales have been roughly stable at their [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2013
U.S. Consumer Sentiment Continues To Strengthen
The University of Michigan's Index of Consumer Sentiment in February rose to 77.6 (3.1% y/y) from 73.8 in January. The mid-February reading was 76.3. Despite the gain, the figure remained down versus the November high of 82.7 and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2013
U.S. ISM Factory Index Increases Further; Pricing Power Strengthens
The factory sector is increasingly gaining a firmer footing. The February composite index of manufacturing activity from the Institute for Supply Management rose to 54.2 from an unrevised 53.1 in January. The latest number beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2013
U.S. Personal Income Tumbles, But Spending Inches Up
Personal income slumped 3.6% last month (+2.2% y/y) after an unrevised 2.6% December jump. A 2.1% decline was the consensus expectation. Last month's fall was due to a one-third drop (-3.3% y/y) in dividend earnings. Income, other [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2013
U.S. Initial Claims for Jobless Insurance Retreat
Initial unemployment insurance claims declined to 344,000 (-8.8% y/y) during the week ended February 23 versus 366,000 a week earlier (revised from 362,000). Consensus expectations were for 360,000 claims. The four week moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2013
U.S. GDP Growth Is Revised Up, But Remains Minimal
GDP inched up by 0.1% (AR) in Q4'12 (1.6% y/y). That growth rate reversed a 0.1% slip reported in last month's advance estimate. It remained, however, a marked deceleration in growth versus a 3.1% gain in Q3. The revised figure also [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2013
U.S. Pending Home Sales Recover To Highest Since 2010
Pending sales of single-family homes jumped 4.5% (9.5% y/y) last month after a revised 1.9% December decline, according to the National Association of Realtors (NAR). Earlier figures were revised. The sales rebound in the aftermath of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2013
U.S. Mortgage Applications Decline Again As Interest Rates Remain Higher
The Mortgage Bankers Association index of total mortgage applications fell 3.8% (-1.4% y/y) last week to the lowest level since late December. Home purchase applications fell 5.2% (+4.1% y/y) while applications to refinance an [...]
by:Tom Moeller
|in:Economy in Brief
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