Factory sector activity around Chicago developed less forward momentum this month. The Purchasing Mangers Association of Chicago indicated in its October Business Survey that the Business Barometer Index fell somewhat to 58.4 from [...]
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| Oct 31 2011Chicago Purchasing Managers' Index Dips
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 28 2011
U.S. Consumer Sentiment Recovers A Bit Further
The University of Michigan's Index of Consumer Sentiment for all of October increased to 60.9. That's versus its mid-October reading of 57.5 and 59.4 for September. Consumers' expectations reading rose to its highest since July but [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 28 2011
U.S. Employment Cost Index Gain Accelerates With Greater Benefits
The employment cost index for private industry workers rose 0.4% in Q3 for total compensation versus an unrevised 0.8% Q2 jump. The Q3 increase fell short of expectations for a 0.6% rise as compiled by Bloomberg. The four-quarter gain [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 28 2011
U.S. Personal Savings Fall With Weak Income & Firm Spending Growth
The personal savings rate has been falling since its 2008 monthly peak of 8.3%. However, the latest leg down to 3.6% highlights a marked acceleration in the rate of decline. Despite a sharp deterioration in income growth, consumers [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 27 2011
U.S. Pending Home Sales Are Depressed
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes fell 4.6% last month to the lowest level since April. A 0.4% rise had been expected by Bloomberg. For all of Q3, sales were roughly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 27 2011
U.S. Weekly Initial Unemployment Insurance Claims Slip
Initial claims for jobless insurance slipped to 402,000 last week versus 404,000 a week earlier (revised from 403,000). The latest figure compared to 400,000 as expected in the Action Economics survey. The 4-week moving average of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 27 2011
U.S. GDP Growth Improves With Strong Personal Consumption And Business Investment
The U.S. economy is not yet on the firmest of footings, but its earlier slowdown eased last quarter.Real GDP grew at a 2.5% annual rate in Q3. The latest was the firmest growth in four quarters and it matched Consensus expectations. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2011
U.S. Mortgage Applications Recover As Interest Rates Are Stable
The index of total mortgage applications recovered 4.9% last week to 664.0 (March 16, 1990 = 100). Nevertheless, the figure remained near the lowest since early-last month. Leading the rebound, weekly applications to purchase a home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2011
U.S. New Home Sales Improve But Prices Remain Depressed
Total new home sales improved 5.7% last month to 313,000 (AR) after a 0.3% August slip that was less than reported initially. The latest increase was the first in the last five months and it beat Consensus expectations for 300,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2011
U.S. Durable Goods Orders Fall With Aircraft
New orders for durable goods fell an expected 0.8% last month following an unrevised 0.1% slip during August. A sharp 7.5% decline in orders in the transportation sector accounted for all of the decline. Orders for aircraft & parts [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2011
U.S. Chain Store Sales' Momentum Is Negative
It's a story of lost momentum. Chain stores sales fell 0.8% last week and the decline pulled the October average so far 0.6% below September. Sales have now fallen 3.6% below the July peak. During the last ten years there has been a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2011
U.S. Consumer Confidence Plumbs A New Low
The Conference Board's October Index of Consumer Confidence reentered its downtrend. The index fell a sharp 14.2% m/m to 39.8 following a 2.7% September increase, revised from a negligible uptick. The latest figure was the lowest [...]
by:Tom Moeller
|in:Economy in Brief
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