The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) ticked up to 53.7 in May following its sharp April decline to 53.5. The figures remained near the lowest level since December. [...]
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| Jun 05 2012U.S. ISM Nonmanufacturing Index Remains Weakened
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2012
U.S. Chain Store Sales Tick Higher
Chain store sales inched up 0.4% last week (2.8% y/y) following sharp declines in six of the prior seven weeks. Sales began June 1.0% below the May average. During the last ten years there has been a 72% correlation between the y/y [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2012
U.S. Energy Prices Decline Again
Last week, the pump price of regular gasoline again fell an additional six cents to $3.61 per gallon. Over the last nine weeks, prices have fallen thirty three cents (-4.5% y/y) and retraced roughly one-third of the run-up early this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2012
U.S. Factory Orders Fall Again With Oil Prices
During April, orders in the manufacturing sector fell 0.6% (+3.5% y/y) versus expectations for a 0.3% rise. The drop added to a 2.1% decline during March, revised from 1.5%. Last month's figure reflected a 1.1% shortfall in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2012
U.S. Vehicle Sales Fall To Lowest This Year
It was a further give-back from last year's strength. Unit sales of light motor vehicles during May fell 4.4% from April to 13.78M (SAAR), according to Autodata Corporation. Sales have fallen meaningfully in two of the last three [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2012
U.S. ISM Factory Index Falls While Prices Collapse
The May ISM Composite Index of industrial sector activity fell to 53.5 from an unrevised 54.8 in April. The decline compared to Consensus expectations for a slip to 54.0. A figure above the break-even level of 50 continued to indicate [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2012
U.S. Employment Report Disappoints By All Measures
Difficulty in seasonally adjusting for the near-record winter temperatures may have been at work. Nevertheless, nonfarm payrolls grew just 69,000 last month following a downwardly revised 77,000 April increase, originally reported as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2012
U.S. GDP Growth Is Revised Down; Profits Tick Higher
GDP growth last quarter was more disappointing than initially estimated. Growth was revised down to 1.9% (SAAR) from 2.2% and it was the weakest advance since Q3'11. The figure matched Consensus estimates. The highest expected gain [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2012
Challenger Indicates More Job Cuts and Less Hiring
The outplacement firm of Challenger, Grey & Christmas reported that 61,887 job cuts were announced this month, the highest level since September. Job cut announcements rose in the computer, apparel, construction, electronics, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2012
U.S. Initial Claims for Unemployment Insurance Rise
Initial claims for unemployment insurance totaled 383,000 during the week of May 26 compared to 373,000 during the week prior, revised up from 370,000. Consensus expectations were for 369,000 filings. The four-week moving average of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2012
ADP Reports Another Sluggish Job Gain
While job growth improved slightly during May, this quarter's rise still is sharply reduced versus Q1. Private sector payrolls rose 133,000 as reported by the payroll processor Automatic Data Processing (ADP) and economic consultants [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 30 2012
U.S. Mortgage Applications Slip
The Mortgage Bankers Association index of total mortgage applications fell 1.3% (+53.0% y/y) last week. Applications to refinance were off 1.5% (+79.9% y/y) while home purchase applications slipped 0.6% (-3.0% y/y), down for the third [...]
by:Tom Moeller
|in:Economy in Brief
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