With the passage of Hurricane Sandy, business activity improved. The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index rose sharply to 8.1 this month after falling to an unrevised -10.7 during [...]
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| Dec 20 2012Philadelphia Fed Business Activity Index Improves Sharply
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2012
U.S. GDP Growth Is Revised Up With Final Sales & Int'l Trade
Economic growth during Q3'12 was better than reported initially. Real GDP increased at a revised 3.1% (2.6% y/y) annual rate, up from 2.7% estimated last month and 2.0% initially. The gain improved from 1.3% during Q2 and beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2012
U.S. Initial Claims for Jobless Insurance Move Higher
For the first time in five weeks, initial claims for jobless insurance rose. Claims increased 17,000 during the week ended December 15 to 361,000 from 344,000 in the prior period, initially reported as 343,000. Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2012
FIBER: Commodity Prices Hold Firm
Industrial commodity prices have shown upward movement of late despite signs of weakening growth in factory sector output. At 171.2, the latest price index from the Foundation for International Business and Economic Research (FIBER) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2012
U.S. Chain Store Sales Recover Lost Ground
The latest report from the International Council of Shopping Centers and Goldman Sachs indicated renewed vigor in consumer spending. Chain store sales jumped 4.3% last week (3.5% y/y) to the highest level since late-July. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2012
U.S. Mortgage Applications Decline
The Mortgage Bankers Association index of total mortgage applications slumped 12.3% last week (23.9% y/y) to the lowest level since early last month. The decline was led by a 13.8% drop (+28.5% y/y) in applications to refinance an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2012
U.S. Housing Starts Remain Near Highest Level Since 2008
Builders began slightly fewer residential housing units last month, but earlier gains left recent levels near the four year high. Total housing starts fell 3.0% (+21.6% y/y) during November to 861,000 (AR) from 888,000 during October, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2012
U.S. Gasoline & Crude Oil Prices Both Decline
Petroleum prices continue under pressure. The pump price for a gallon of regular gasoline fell another ten cents last week (+0.8% y/y) to $3.25 per gallon. Since their September peak prices have fallen sixty three cents per gallon. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2012
U.S. Home Builders Index Continues To Exhibit Strength
Recent improvement in the housing market won't let up. The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo increased this month to 47 from a downwardly revised 45 in November. For all of 2012, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2012
U.S. Current Account Deficit Improves Further
The U.S. current account deficit lessened last quarter to $107.5B from $118.1B in Q2. The easing left the deficit to GDP ratio at 2.7%, its least in roughly three years. Total exports gained 0.2% (1.7% y/y) although goods exports [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2012
Business Economists Projections Are Little-Changed
The National Association for Business Economics held the expectation for real GDP growth next year at 2.1%, the same as in October's survey. However, these are lowered figures versus 2.7% in the May tally. That follows an unrevised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2012
Empire State Factory Index Remains Negative
The Empire State Factory Index of General Business Conditions was negative for the fifth consecutive month. The December reading of -8.10 was nearly the lowest level of the economic recovery. Consensus expectations had been for m/m [...]
by:Tom Moeller
|in:Economy in Brief
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