New activity in the housing sector continued to languish last month. Housing starts rose just 3.5% during May to 560,000 (AR) following an 8.8% April decline, initially reported as -10.6% . The latest figure remained near the lowest [...]
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| Jun 16 2011U.S. Housing Starts Improve Slightly
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2011
Empire State Factory Index Turns Negative
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions fell to -7.79. The figure was the first negative reading since November of last year. The number ran counter to Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2011
U.S. Home Builders Association Index Falls Sharply
The National Association of Home Builders reported that its June index of housing market activity fell to 13 versus an unrevised 16 in May. Though the latest figure remained above the all-time low of 8 reached in January of 2009, it [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2011
U.S. Industrial Activity Disappoints; Factory Sector Activity Improves
U.S. industrial production ticked up 0.1% last month after an unrevised no-change during April. The latest figure was weaker than Consensus expectations for a 0.2% gain according to Action Economics. However, weather played a big [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2011
U.S. CPI Increase Moderates in May; Core Picks Up
The good news about today's reported 0.2% increase in the May CPI was that it was the smallest monthly gain since November. The discouraging part of the report was that less food & energy, the 0.3% increase was the firmest since 2008. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2011
U.S. Business Inventory Accumulation Continues But I/S Ratio At Record Low
The U.S. Commerce Department reported that business inventories rose 0.8% in April after a revised 1.3% March increase, originally reported as 1.0%. Quick inventory accumulation nevertheless left the inventory-to-sales ratio of 1.26 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2011
U.S. PPI Rise Is Moderate
The U.S. producer price index for finished goods increased just 0.2% last month, the weakest rise since July. The gain roughly matched Consensus expectations for a 0.1% uptick. Offsetting each other were a 1.5% rise in energy prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2011
U.S. Retail Sales Slip Due To Autos
Total retail & food service sales slipped 0.2% last month after a 0.3% April increase and a 0.8% March gain, both revised down slightly from 0.5% and 0.9%, respectively. The May decline roughly matched Consensus expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2011
U.S. Small Business Optimism Remains Subdued
The National Federation of Independent Business indicated that its index of small business optimism fell to 90.0 from an unrevised 91.2 in April. The latest remained the lowest level since September. Deterioration amongst the sub- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2011
U.S. Budget Deficit Improves This Fiscal Year
The U.S. Government's budget deficit so far this fiscal year totaled $927.4B, according to figures released late-Friday by the U.S. Treasury and the Office of Management and Budget. The monthly deficit in May deepened slightly m/m to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2011
U.S. Import Price Strength Tapers Off
Pricing strength receded, at least temporarily, amongst internationally traded goods last month. Overall U.S. import prices rose just 0.2% after a little-revised 2.1% April increase. Nevertheless, the gain was stronger than Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2011
U.S. Trade Deficit Unexpectedly Shrinks
The foreign trade deficit narrowed in April to $43.7B from $46.8B in March, initially reported as $48.2B. Expectations had been for $48.8B according to Action Economics. The latest figure was the least since December as exports rose [...]
by:Tom Moeller
|in:Economy in Brief
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