Last week the pump price for a gallon of regular gasoline declined five cents (+3.2%) to $3.39 per gallon. Since their September peak, prices have fallen forty nine cents per gallon. The norm for this time of year of less driving is [...]
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 04 2012U.S. Gasoline Prices Renew Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2012
U.S. Vehicle Sales Surge To Recovery High
Car buyers were out in force last month. Unit sales of light motor vehicles during November jumped 8.7% m/m (14.7% y/y) to 15.54M (SAAR) according to the Autodata Corporation. The latest figure surpassed the Consensus estimate for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2012
U.S. Construction Spending Is Substantially Firmer
The value of construction put-in-place jumped 1.4% during October after a 0.5% September gain. The latest increase easily beat expectations for a 0.4% rise and caps off seven months totaling 6.6% growth. Private sector spending surged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2012
U.S. ISM Factory Index Falls to Recovery Low While Pricing Pressure Eases
The Institute for Supply Management reported that its composite index of manufacturing activity fell to 49.5 in November from an unrevised 51.7 in October. The latest level was the lowest since July 2009 and it was well short of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2012
U.S. ISM Factory Index Falls to Recovery Low While Pricing Pressure Eases
The Institute for Supply Management reported that its composite index of manufacturing activity fell to 49.5 in November from an unrevised 51.7 in October. The latest level was the lowest since July 2009 and it was well short of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2012
ISM-Chicago Business Activity Improves
The Institute for Supply Management-Chicago reported that its Business Barometer improved this month to 50.4, its highest level in three months. Haver Analytics constructs a seasonally adjusted figure comparable to the ISM Composite [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2012
U.S. Income & Outlays Are Reduced by Sandy
Hurricane Sandy made landfall on October 29th and thus reduced three days worth of income & outlays along the Eastern Seaboard. Personal income was unchanged last month (3.1% y/y) following an unrevised 0.4% September increase. A 0.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2012
U.S. Pending Home Sales Jump
Pending sales of single-family homes jumped 5.2% (13.2% y/y) last month after a little revised 0.4% September rise, according to the National Association of Realtors (NAR). The latest figure broke home sales out of the sideways trend [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2012
U.S. Initial Claims for Jobless Insurance Decline As Sandy's Impact Eases
Initial claims for unemployment insurance fell again last week as Hurricane Sandy had less of an increasing effect on filings. Claims fell during the week ended November 24 to an expected 393,000 from 416,000 in the prior period, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2012
U.S. GDP Growth Is Revised Upward Due To Higher Inventories
The economy grew faster than initially reported during Q3'12. Real GDP increased at a revised 2.7% (2.5% y/y) annual rate, up from a 2.0% advance estimate and up from 1.3% during Q2. Consensus expectations were for a 2.8% rise. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2012
U.S. New Home Sales Are Depressed
New home buyers were hesitant to commit last month. New home sales in October slipped 0.3% to 368,000 (SAAR) from 369,000 during September, revised from 389,000. The figure fell short of Consensus expectations for 388,000 sales. Home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2012
U.S. Mortgage Applications Fall With Fewer Refinancings
The Mortgage Bankers Association index of total mortgage applications slipped 0.9% last week (+45.5% y/y). The decline was led by a 1.5% drop (+61.4% y/y) in applications to refinance an existing loan. Home purchase applications [...]
by:Tom Moeller
|in:Economy in Brief
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