Consumers were in a spending mood at the end of last year. Total retail sales rose 0.5% following a 0.4% November increase which was revised up from 0.3%. A 0.2% rise in December sales had been expected, according to Action Economics. [...]
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 15 2013U.S. Retail Sales Increase Boosted By Auto Purchases
by:Tom Moeller
|in:Economy in Brief
Global| Jan 14 2013FIBER: Commodity Prices Are Showing More Life
There's been nothing stealth about recent movements in commodity prices. Many have jumped while others have held firm. That combination has raised the latest commodity price index from the International Business and Economic Research [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 11 2013U.S. Budget Deficit Shrinks Sharply
The Federal Government budget deficit narrowed sharply to $0.26B during December of FY13 versus a deficit of $86.0B last December. Expectations were for a deficit of $21.0B. So far this fiscal year the deficit has totaled $292.4B, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 11 2013U.S. Import and Export Prices Slip
U.S. prices in the foreign trade sector were little changed last month. Import prices slipped 0.1% (-1.5% y/y) after a 0.8% November decline, initially reported as -0.9%. The Action Economics survey looked for prices to be unchanged. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 11 2013U.S. Trade Deficit Widens Sharply
The U.S. foreign trade deficit during November deepened to $48.9B from little-revised $42.2B in October. A $41.3B deficit had been expected. The deterioration occurred as imports surged 3.8% (2.5% y/y) against a 1.0% rise (3.3% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 10 2013U.S. JOLTS: Job Openings Rate Improvement Is Sustained
According to the Bureau of Labor Statistics, improvement in the job openings rate has been accompanied by an only moderate increase in hires. In the November job Openings & Labor Turnover Survey (JOLTS), the job openings rate held at [...]
by:Tom Moeller
|in:Economy in Brief
Initial claims for unemployment insurance rose to 371,000 (-4.9% y/y) during the week ended January 5 from 367,000 during the week prior, revised from 372,000. Consensus expectations were for 365,000 claims. The four week moving [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 09 2013U.S. Mortgage Applications Surge In 2012
Mortgage lenders were busy last year. The Mortgage Bankers Association index of total mortgage applications rose 42.2% in 2012 after declining during the prior two years. For last week, applications rose 11.7% (9.5% y/y) yet remained [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 08 2013U.S. Consumer Credit Growth Remains Strong
Individuals currently are inclined to borrow aggressively. Consumer credit outstanding jumped another $16.1B during November following a little-revised $14.0B October increase, according to the Federal Reserve. The latest rise left [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 08 2013U.S. Chain Store Sales Reverse Holiday Improvement
The latest report from the International Council of Shopping Centers and Goldman Sachs showed consumers' inclination to spend over the holidays evaporated with the new year. Chain store sales plunged 4.2% last week (+4.0% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 08 2013U.S. Gasoline & Crude Oil Prices Remain Slightly Higher
The pump price for a gallon of regular gasoline held steady last week at $3.30 per gallon. That followed two weeks of slight increase from the low of $3.25. Since their September peak, prices remain down 58 cents per gallon. The norm [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 08 2013U.S. Small Business Optimism Remains Guarded
The National Federation of Independent Business indicated that its December index of Small Business Optimism held near its lowest level of the economic recovery. The figure ticked up to 88.0 following its unrevised November plunge to [...]
by:Tom Moeller
|in:Economy in Brief
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