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 [...]
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 01 2013U.S. Consumer Sentiment Continues To Strengthen
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
- Global| Feb 27 2013
U.S. Durable Goods Orders in January Dive; Forward Momentum Slows
Deterioration in factory sector momentum remains in place. For January, total durable goods orders fell 5.2% following a 3.7% December rise, revised from 4.6%. A 4.0% decline had been expected.Year-to-year, durable goods orders slid [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2013
U.S. Consumer Confidence Rebounds With Improved Expectations
The Conference Board's Consumer Confidence Index for February rebounded to 69.6 and more than recovered the January decline. The gain outpaced Consensus forecasts for a rise to 60.5. During the last ten years, there has been a 47% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2013
U.S. New Home Sales Jump As Prices Decline
During January, sales of new homes jumped 15.6% (28.9% y/y) to 437,000 (AR). That compared to 378,000 sales during December, revised from 369,000. Consensus expectations had been for sales of 380,000. Sales increased throughout the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2013
U.S. Gasoline Prices Continue Upward
The recent upturn in the price of gasoline is continuing. The pump price for a gallon of regular gasoline increased another three cents last week to $3.78 per gallon (1.7% y/y). Prices have risen 53 cents in just the last eight weeks. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2013
U.S. Case-Shiller Home Price Index Improves With Higher Sales and Low Inventories
Two factors can raise prices: Increased demand and/or lessened supply. Both were in place last year in the housing market. (See the Feb. 21st report on Haver.com) The seasonally adjusted Case-Shiller 20 City Home Price Index rose 6.9% [...]
by:Tom Moeller
|in:Economy in Brief
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