The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) was 53.0 versus an unrevised 53.3 during August. The figure matched Consensus expectations. Since the series' inception in [...]
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 05 2011U.S. ISM Nonmanufacturing Index Remains Flat
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 05 2011
ADP Reports That Job Gains Remain Lethargic
According to the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers, private nonfarm payrolls grew 91,000 following an 89,000 increase during August, revised from 91,000. The latest beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 04 2011
U.S. Chain Store Sales Remain Depressed
The consumer just isn't spending much money in the country's malls. Chain store sales last week ticked up 0.1% but still left the September average down 1.2% from August when they fell 1.8% versus the July peak. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 04 2011
U.S. Gasoline Prices Continue Lower With Crude Costs
Economic slowdown are unpleasant words when combined to describe the backdrop for energy prices. Last week, weakness in the economy helped lower the pump price for a gallon of regular gasoline another eight cents to $3.43. Prices were [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2011
U.S. Factory Orders Slip
Manufacturing orders slipped 0.2% last month, about as expected. That followed a downwardly revised 2.1% July gain, revised from 2.4%. For durable goods only orders slipped 0.1%, unchanged from the advance report. Nondurable goods [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2011
U.S. Vehicle Sales Rise To Highest Since April
Consumers reacted to new model offerings by manufactures with enthusiasm. Unit sales of light vehicles during September rose 6.9% from August to 13.10M units (SAAR) following a 1.1% August decline. Sales were at the highest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2011
U.S. ISM Factory Index Recovers Marginally
Downward momentum in factory sector activity stabilized last month. The Institute for Supply Management reported that its September Composite Index of factory sector activity rose slightly to 51.6 from an unrevised 50.6 in August. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2011
U.S. Construction Spending Jumps
Volatility has been great in the monthly construction put-in-place figures, but there has been some trend improvement. During August, activity rose 1.4% after a little-revised 1.4% July decline. The monthly rise lifted activity 4.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 30 2011
U.S. Consumer Sentiment Recovers A Bit Further
The University of Michigan's Index of Consumer Sentiment for all of September rose to 59.4. That's versus its mid-September reading of 57.8 and versus August of 55.7. Regardless, that gain still left the Q3 average down sharply at [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 30 2011
U.S. Personal Income Falls
A one-month decline and a trend slowdown characterize the recent behavior of personal income. It fell 0.1% during August following a revised 0.1% July uptick, initially reported as 0.3%. A 0.1% gain was expected. Disposable income [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2011
U.S. GDP Growth Revised Back Up
Real GDP growth was revised back up to 1.3% (SAAR) from the 1.0% reported a month ago. The change was powered by a higher estimate of growth in domestic final sales. Consensus estimates had called for GDP growth of 1.2%. The upward [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2011
U.S. Pending Home Sales Slip
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes fell 1.2% last month and repeated the July drop that was unrevised. Sales remained slightly higher than the Q2 average but remained [...]
by:Tom Moeller
|in:Economy in Brief
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