The value of construction put-in-place rose 0.9% during May following a 0.6% April increase. Consensus expectations had been for a 0.2% rise and data back to January 2010 were revised. Private sector spending jumped 1.6% (13.1% y/y) [...]
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| Jul 02 2012U.S. Construction Spending Stabilizes
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2012
U.S. ISM Factory Index & Prices Fall To Lowest in Roughly Three Years
Factory sector activity hasn't shown this much weakness since the end of the last recession. What's worse is that momentum is down. The June ISM Composite Index of industrial sector activity dropped to 49.7 from an unrevised 53.5 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2012
U.S. ISM Factory Index & Prices Fall To Lowest in Roughly Three Years
Factory sector activity hasn't shown this much weakness since the end of the last recession. What's worse is that momentum is down. The June ISM Composite Index of industrial sector activity dropped to 49.7 from an unrevised 53.5 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2012
U.S. ISM Factory Index & Prices Fall To Lowest in Roughly Three Years
Factory sector activity hasn't shown this much weakness since the end of the last recession. What's worse is that momentum is down. The June ISM Composite Index of industrial sector activity dropped to 49.7 from an unrevised 53.5 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 29 2012
U.S. Consumer Sentiment Is Disappointing
The University of Michigan's Index of Consumer Sentiment for all of June fell to 73.2 compared to 74.1 at mid-month and 79.3 in May. The latest figure was the lowest since December and compared unfavorably to expectations for 74.4. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 29 2012
U.S. Personal Income Increases While Spending Declines
Personal income gained an expected 0.2% (2.9% y/y) last month following an unrevised 0.2% April rise. Weaker employment growth, however, took its toll on income as wages and salaries were unchanged (3.2% y/y) after a downwardly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 28 2012
U.S. Initial Claims for Jobless Insurance Claims Decline
Initial claims for unemployment insurance fell to 386,000 last week from 392,000, revised from 387,000. Consensus expectations were for 385,000 new claims. The four-week moving average of claims slipped to 386,750 but remained nearly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 28 2012
U.S. GDP Growth Is Unrevised; Profits Are Lowered
GDP growth during last quarter was unrevised at 1.9% (SAAR), still its weakest since Q3'11. The figure matched Consensus estimates. Revised lower were corporate profits which fell 0.3% (+5.5% y/y) instead of rising 0.6% as reported [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2012
U.S. Mortgage Applications Decline
The Mortgage Bankers Association index of total mortgage applications fell 7.1% (63.6% y/y) last week but nevertheless remained near the highest level since early 2009. Applications to refinance fell 8.3% (89.6% y/y) while home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2012
U.S. Pending Home Sales Recover
The National Association of Realtors (NAR) reported that pending sales of single-family homes rose 5.9% last month and reversed the April decline. Sales have risen one-third versus the 2010 low. Nevertheless, the sales index level of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2012
U.S. Durable Goods Orders Recover M/M But Momentum Fades
New orders for durable goods rebounded 1.1% in May following a 0.2% dip in April (last month reported as unchanged). The Consensus forecast was for a 0.5% rise. Despite May's gain, the y/y increase continued to decelerate to 4.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2012
U.S. Consumer Confidence Declines As Expectations Diminish
The Conference Board's June Index of Consumer Confidence Index fell for the fifth month this year. It declined 3.7% to 62.0 from 64.4 last month, initially reported as 64.9. Nevertheless, the index remained up by more than half from [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 564 page