Chain store sales fell 0.5% last week (+2.9% y/y), down for the fifth straight week. Sales have fallen 2.4% so far in May following a 3.4% rise in April. 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| May 30 2012U.S. Chain Store Sales Weaken Further
by:Tom Moeller
|in:Economy in Brief
Global| May 30 2012U.S. Pending Home Sales Reverse Earlier Gains
The National Association of Realtors (NAR) reported that pending sales of single-family homes during April slumped 5.5% (+14.4% y/y) to their lowest level since December. The sales index level of 95.5 was down 5.5% m/m after three [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 30 2012U.S. Petroleum Prices Continue Lower
Soft economies worldwide are continuing to prompt weakness in oil markets. Last week, the pump price of regular gasoline again declined another four cents to $3.67 per gallon. Over the last eight weeks, prices have fallen twenty seven [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 29 2012U.S. Consumer Confidence Falls Again
The Conference Board's Index of Consumer Confidence during May fell for the fourth month in the last five. The 5.5% decline to 64.9 was from 68.7 last month, initially reported as 69.2. Nevertheless, the index remained up by more-than [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 29 2012U.S. Home Prices Remain Under Pressure
The seasonally adjusted Case-Shiller 20-City Home Price Index ticked up 0.1% during March following an unrevised 0.2% February rise. The latest figure eased the year-to-year change to -2.6%, an improvement versus last year's 3.9% rate [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 22 2012U.S. Petroleum Prices Fall Further
The pump price of regular gasoline fell another four cents last week to $3.71 per gallon. The last seven weeks of decline totals twenty three cents (-5.8%). Haver Analytics' seasonally-adjusted price for regular declined six cents to [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 22 2012U.S. Existing Home Sales Rise While Prices Improve
Sales of existing homes rose 3.4% last month to a 4.620 annual rate (10.0% y/y) from a revised 4.470M during March, last month reported as 4.480M. Sales of existing single-family homes alone increased 3.0% last month to 4.090M, up [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 21 2012NABE Forecast For Moderate Economic Improvement & Low Inflation Is Little-Changed
For 2013, the National Association for Business Economics expects real GDP growth of 2.7% versus 2.8% forecast in February. That follows expected 2.3% growth in this year, little changed from 2.4% forecasted earlier. Expectations for [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 21 2012U.S. Chicago Fed Index Improves
The April National Activity Index (CFNAI) from the Chicago Federal Reserve improved to 0.11 from a revised -0.44 in March, last month reported as -0.29. However, the three-month moving deteriorated to -0.06, the first negative reading [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 18 2012Rasmussen Reports Weekly Deterioration in Consumer & Investor Indexes
Consumer opinion regarding the economy deteriorated for most of this week versus the first full week of May, according to the Rasmussen Survey. On average, the Consumer Index slipped to 88.7 from 90.4 last week. That follows a [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 17 2012Philadelphia Fed Activity Index Unexpectedly Turns Negative
The Philadelphia Federal Reserve Bank's General Business Conditions Index fell sharply this month and into negative territory. The decline to -5.8 for May from an unrevised 8.5 compared to an expected gain to 10.3. The figure was the [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 17 2012U.S. Leading Indicators Dip
The Leading Economic Indicator index from the Conference Board slipped 0.1% last month after an unrevised 0.3% increase during March. A 0.1% increase had been expected. Just 50% of the component series rose in the last two months [...]
by:Tom Moeller
|in:Economy in Brief
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