A doubling of defense bookings raised total durable goods orders by 4.6% (0.2% y/y) during December, a 0.7% rise had been expected. Outside of the defense sector, orders rose 1.2% (-4.5% y/y) last month but the 4.1% full-year gain was [...]
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| Jan 28 2013U.S. Durable Goods Orders Jump at Yearend; Shipments Reach Record High
by:Tom Moeller
|in:Economy in Brief
Blue Chip Economic Indicators polls top business economists and collects their forecasts for critical indicators of future business activity. Since 1976, the monthly survey has been derived by averaging panel members' forecasts for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 25 2013
U.S. New Home Sales and Prices Improve during 2012
For all of last year, new home sales rose 19.2% from 2011 to 366,000 units. However, during December sales of new homes fell to 369,000 (AR) from 398,000 during November, revised from 377,000. Consensus expectations had been for sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2013
U.S. Leading And Coincident Economic Indicators Slow
During all of last year, the Leading Economic Indicator index from the Conference Board grew 2.0%, down from 5.1% and 8.0% increases during the prior two years. Last month, the leaders rose 0.5% following a revised no change in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2013
U.S. Initial Claims for Unemployment Insurance Slip To Another Five-Year Low
Initial claims for unemployment insurance fell to 330,000 (-11.3% y/y) during the week ended January 19 versus an unrevised 335,000 a week earlier. Consensus expectations were for 355,000 claims. The four week moving average of claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 23 2013
U.S. Mortgage Applications Jump Again With More Refinancings
The Mortgage Bankers Association index of total mortgage applications rose 7.0% (15.4% y/y) last week yet still were below the late-September peak. Applications to refinance an existing loan rose another 7.7% (15.3% y/y), adding to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 23 2013
U.S. Gasoline and Crude Oil Prices Nudge Higher
The pump price for a gallon of regular gasoline moved up 2 cents last week to $3.32 per gallon after three straight weeks at $3.30. Nevertheless, since their September peak, prices remain down 56 cents per gallon. The norm for this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 23 2013
FHFA Home Price Index Posts Broad-based Increase
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose a firm 0.6% during November following a like increase in October. The 5.6% y/y increase was its strongest since 2006 following four successive years of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2013
U.S. Existing Home Sales Decline While Prices Increase
The National Association of Realtors reported that sales of existing homes fell 1.0% (+12.8% y/y) during December to a 4.940M annual rate. The gain followed a downwardly revised 4.8% November rise to 4.990M, initially reported as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2013
U.S. Chicago Fed National Activity Index Shows Moderate Growth
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for December fell to 0.02 from a revised 0.27 in November, last month reported as 0.10. The three-month moving average ticked slightly higher to -0.11. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 18 2013
State Unemployment Rates Are Lower But Range From 3.2% To 10.2%
Throughout the United States, the unemployment rate has fallen to some degree from the recession high. While not down much in New Jersey, New York and Connecticut, rates are nonetheless down sharply elsewhere. The problem in the labor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 18 2013
U.S. Consumer Sentiment Becomes More Depressed
The University of Michigan's Index of Consumer Sentiment for mid-January deteriorated to 71.3 (-4.9% y/y) from an already depressed and unrevised 72.9 in December. The latest figure fell short of Consensus expectations for improvement [...]
by:Tom Moeller
|in:Economy in Brief
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