Total retail & food service sales increased 0.5% last month following a 0.3% June increase, revised up from 0.1%. The July increase roughly matched Consensus expectations for a 0.4% rise, according to the Action Economics survey. [...]
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| Aug 12 2011U.S. Retail Sales Gain M/M But Trend Softens
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2011
FOMC Holds Interest Rates Unchanged; Economic Outlook Deteriorates Notably
As expected, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent." The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate also was left [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2011
U.S. Chain Store Sales Slip Modestly
Chain store sales slipped 0.5% last week following a 0.3% dip during the week prior. Nevertheless, sales remained up 3.6% y/y. During the last ten years there has been a 66% correlation between the y/y change in chain store sales and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2011
Weaker U.S. Demand Leads Energy Prices Lower
Weakened demand helped the pump price for regular gasoline fall four cents last week to $3.67 per gallon. Prices remained down twenty-nine cents since the May peak. Pump prices usually rise this time of year with increased seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2011
U.S. Small Business Optimism Falls To Lowest Since September 2010
The National Federation of Independent Business indicated that its index of small business optimism fell to 89.9 last month from an unrevised 90.8 in June. The latest was the lowest level since last September. Deterioration was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2011
U.S. Labor Productivity Growth Is Negative, Again
The economic slowdown took a further toll on worker productivity last quarter. Labor productivity in the nonfarm business sector slipped 0.3% (AR) after a similar 0.6% decline during Q1. The declines compare to 8% quarterly growth at [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2011
U.S. Consumer Credit Extension Jumps
Consumers seem more secure about taking on debt. Reported late Friday, overall consumer credit surged $15.5B during June following an unrevised $5.1B May increase. A $5.1B increase had been expected by Action Economics. Credit has [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2011
U.S. Payroll Increase Is A Positive Surprise While Jobless Rate Slips
Finally, an improved jobs report after two months of disappointment. Nonfarm payrolls rose 117,000 during July following increases during the prior two months that were revised upward by a collective 56,000. The latest gain compared [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2011
U.S. Factory Orders Fall And Inventory Gain Slows
Reported yesterday, manufacturing orders fell 0.8% during June after a little-revised 0.6% May increase. Consensus expectations were for a 0.7% decline. For durable goods only, orders fell 1.9% which was revised up slightly from the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2011
U.S. Initial Unemployment Insurance Claims Remain Near April Low
Initial unemployment insurance claims slipped last week to 400,00 from a revised 401,000, initially reported as 398,000. The latest figure remained the lowest since the first week of April. Consensus expectations had been for 405,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2011
U.S. ISM Nonmanufacturing Index Shows Sluggish Activity
This summer has started out with indications of economic weakness relative to the lethargic Q2. The July Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) fell to 52.7 from an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2011
U.S. Challenger Job Cut Announcements Jump
The outplacement firm of Challenger, Grey & Christmas reported that job cut announcements during July surged. The nearly two-thirds m/m gain to 66,414 brought them to the highest level since March of last year. The uptick in [...]
by:Tom Moeller
|in:Economy in Brief
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