Chain store sales rose 0.9% last week to the highest level since the holiday shopping season. That was enough to raise the year-to-year increase to 3.3%. During the last ten years there has been a 72% correlation between the 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| Mar 20 2012U.S. Chain Store Sales Strengthen
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2012
U.S. Gasoline Price Increase Discourages Driving
Pump prices for regular gasoline rose another four cents. Last week's gain to $3.87 per gallon pulled them up sixty-four cents (19.8%) during the last four weeks to their highest since last May. Reduced seasonal demand typically [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2012
U.S. Housing Starts Stutter But Permits Gain
Housing starts fell last month by 1.1% (+34.7% y/y) to 698,000 from a revised 706,000 in January, initially reported as 699,000. Expectations had been for 697,000 starts for February. The performance amongst regions was mixed. Starts [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2012
U.S. Home Builders' Index Is Firm But Unchanged M/M
The National Association of Home Builders/Wells Fargo reported that its index of housing market activity remained at its highest level since June of 2007. The Composite Housing Market Index for March was unchanged at 28 following [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 16 2012
U.S. Consumer Sentiment Disappoints
The University of Michigan's Index of Consumer Sentiment for mid-March fell to 74.3 from 75.3 in February. The figure compared to expectations for improvement to 76.0. A decline in consumer expectations led this month's weakness with [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 16 2012
U.S. Industrial Output Is Stable; Factory Output Gains
The weather can immensely impact factory output, and during the last few months that was notably true. Industrial production was unchanged last month (4.0% y/y) following a revised 0.4% January rise, initially reported as no change. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 16 2012
U.S. Total CPI Rise Strengthens; Core Increase Eases
Consumer prices rose during February by the most since last April. The CPI matched expectations and increased 0.4% following a 0.2% January rise. The quicker rate of increase was due to a 3.2% gain in energy prices. Food prices ticked [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2012
Philadelphia Fed Business Activity Index Moves Up
The Philadelphia Federal Reserve Bank's General Business Conditions Index rose in March to its highest level since last April. The index rose to 12.5 from 10.2 in February and the figures have been positive for six consecutive months. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2012
Empire State Factory Index Improves Further
The Empire State Factory Index of General Business Conditions for March rose to 20.21 from February's unrevised 19.53. The Federal Reserve Bank of New York indicated that the index remained at its highest level since June 2010. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2012
U.S. Initial Jobless Insurance Claims Return to Four Year Low
Initial claims for unemployment insurance fell sharply during the week ended March 10 to 351,000 from 365,000 during the previous period, initially estimated at 362,000. Claims averaged 355,750 (-8.4% y/y) during the last four weeks. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2012
U.S. PPI Picks Up; Core Moderates
The producer price index for finished goods rose 0.4% during February, the strongest increase since last September. Consensus expectations had been for a 0.5% rise, according to the Action Economics survey. Core pricing power eased. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2012
U.S. Current Account Deficit Deteriorates Slightly
The U.S. current account deficit rose last quarter to $124.1B from $107.6B in Q3 as a modest gain in imports outpaced a slight export decline. Consensus expectations were for $114.2B in Q4. The ratio to GDP last quarter was 3.2%, [...]
by:Tom Moeller
|in:Economy in Brief
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