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 [...]
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 26 2011U.S. Durable Goods Orders Fall With Aircraft
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
- Global| Oct 25 2011
U.S. Case-Shiller Home Price Index Momentum Is Still Down
The seasonally adjusted Case-Shiller 20-City Home Price Index was essentially unchanged during August after 0.1% declines for three straight months. Prices during the last twelve months have fallen 3.8% after rising modestly twelve [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2011
U.S. Gasoline Price Slips But Crude Oil Ticks Up
The pump price for a gallon of regular gasoline slipped last week by two cents to $3.46. Prices remained down versus May when they averaged $3.91. Retail prices usually start to ease this time of year with reduced seasonal demand. To [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2011
U.S. Chicago Fed Index Shows Small Improvement
Though it improved m/m, the Chicago Fed's National Activity Index (CFNAI) for September remained under pressure. The figure rose to -0.22 from -0.59 in August, which was weaker than reported last month. The three-month moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2011
U.S. Existing Home Sales & Prices Slip
The National Association of Realtors reported that September sales of existing homes slipped 3.0% to 4.910M (AR, +11.3% y/y) following an upwardly revised 8.4% August increase, last month reported as 7.7%. The y/y comparison remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2011
Philadelphia Fed Business Activity Index Increases Further
For the second consecutive month, the Philadelphia Federal Reserve Bank's index of regional factory sector improved. The October General Activity index rose to 8.7 from an unrevised -17.5 in September. The figure easily beat Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2011
U.S. Leading Indicators Post Another Weak Gain
The Conference Board reported that its Leading Economic Indicators index rose 0.2% during September following an unrevised 0.3% August increase. The gain matched the Consensus forecast. The 1-month diffusion index improved to a still- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2011
U.S. Weekly Initial Claims for Jobless Insurance Fall
Initial claims for jobless insurance fell to 403,000 last week versus 409,000 a week earlier (revised from 404,000). The latest figure compared to 400,000 as expected in the Action Economics survey. The 4-week moving average of claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2011
U.S. Housing Starts Jump Led By Multi-Family Units
A surge in starts of multi-family units was the impetus behind a 15.0% m/m surge in housing starts last month. The level of starts overall was 658,000 (AR), the highest since April of last year. Expectations were for 590,000 units. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2011
U.S. Mortgage Applications Fall Sharply As Interest Rates Drift Up
The index of total mortgage applications fell a sharp 14.9% fast week to 633.1 (March 16, 1990 = 100), the lowest level since early-last month. Nevertheless, applications have risen by more-than-one half since their early-year low. [...]
by:Tom Moeller
|in:Economy in Brief
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