Orders in the manufacturing sector fell 0.5% in June and retraced their May increase. Expectations were for a 0.3% increase. Durable goods orders increased 1.3%, revised from last week's advance report of a 1.6% rise. Nondurable goods [...]
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| Aug 02 2012U.S. Factory Orders Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2012
Challenger Indicates Fewer Job Cuts and Less Hiring
The outplacement firm of Challenger, Gray & Christmas reported that 36,855 job cuts were announced last month. Job cut announcements fell in the education, energy, telecommunications, pharmaceutical, apparel, computer, construction, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2012
U.S. Vehicle Sales Remain Firm
Car buyers remain motivated to do just that. Reported late yesterday, unit sales of light motor vehicles during July slipped just 2.0% m/m to 14.09M (SAAR) according to Autodata Corporation. The decline followed a 3.0% June gain and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2012
U.S. Initial Claims for Unemployment Insurance Rise
Initial unemployment insurance claims matched expectations and rose to 365,000 during the week ended July 28 from 357,000 during the prior week, revised from 353,000. The four-week moving average of claims fell to 365,500, its lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2012
FOMC May Be Hinting of Upcoming Action
As expected, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent." The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate also was left [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2012
U.S. Mortgage Market Activity Remains Strong
The Mortgage Bankers Association index of total mortgage applications rose 0.2% last week (67.3% y/y). The figures are close to the high in this cycle. Applications to refinance have led the gain. Last week, they rose 0.8% w/w and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2012
U.S. Construction Spending Ticks Higher
The value of construction put-in-place rose an expected 0.4% during June following a 1.6% May increase, initially reported as 0.9%. Private sector spending gained 0.7% (13.1% y/y) after a 2.1% May rise. Residential building continued [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2012
U.S. ISM Factory Index Remains Depressed
Activity in the industrial sector continues to struggle. The July ISM Composite Index of industrial sector activity ticked up to 49.8 versus an unrevised 49.7 in June. The figure compared to Consensus expectations for 50.0 and remains [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2012
ADP Reports Moderate Job Growth
Employment continues to grow. Private sector payrolls rose 163,000 in July as reported by the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers. A 120,000 gain had been expected. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 31 2012
U.S. Consumer Confidence Makes Up Most-Recent Losses
The Conference Board's Index of Consumer Confidence Index for July rose 5.1% m/m to 65.9 from 62.7 in June, initially reported as 62.0. Expectations were for a July reading of 62.0. The latest figure was the highest since April. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 31 2012
U.S. Employment Cost Index Continues Moderate
The employment cost index for private industry workers rose 0.5% in Q2'12 versus an unrevised 0.4% Q1 rise. The latest increase in total compensation matched expectations as compiled by Bloomberg. The four-quarter gain of 1.8% was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 31 2012
U.S. Case-Shiller Home Price Index Advances Again
Improvement in housing activity is helping pricing power. The seasonally adjusted Case-Shiller 20-City Home Price Index rose another 0.9% (-0.7% y/y) during May. That added to its little-revised 0.7% April rise. The narrower 10 City [...]
by:Tom Moeller
|in:Economy in Brief
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