During February, consumer credit expanded by $6.7B after a revised $4.5B increase during January, initially reported as $4.0B. Credit has risen strongly during the last five months following declines from 2008 through 2010. Non- [...]
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| Apr 08 2011U.S. Consumer Credit Growth Strengthens
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2011
U.S. Initial Unemployment Insurance Claims Decline Further
Another sign of job market improvement was the indication that initial claims for jobless insurance slipped to 382,000 last week from 392,000, which was revised from 388,000. The latest figure roughly matched Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2011
U.S. Chain Store Sales Jump
In the first week of April, sales at chain stores jumped 2.3% w/w. Sales did the same last month, then held on for a 3.0% increase versus February. During the last ten years there has been a 66% correlation between the y/y change in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2011
U.S. Mortgage Applications Fall
The Mortgage Bankers Association reported that overall mortgage applications fell 2.0% last week to the lowest level since late-February. Applications to refinance fell 6.2% w/w and were off roughly one-half from the peak last August. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2011
U.S. Loans Past Due Decline Sharply
The American Bankers Association reported that the number of loans past due as a percentage of the number of loans outstanding fell sharply by the end of last year. In addition, based on loan values the figure also was down sharply [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2011
U.S. ISM Nonmanufacturing Index Declines
The U.S. nonmanufacturing sector activity back-pedaled last month. The March Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) fell to 57.3 from 59.7 in February. The latest was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2011
U.S. Petroleum Prices Rise
The firming U.S. economy and political unrest in Libya gave further strength last week to petroleum prices.The pump price for regular gasoline jumped eight cents to $3.68 per gallon, the highest level since September, 2008 and more- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 04 2011
U.S. Vehicle Sales Drop With Higher Gasoline Prices
Gasoline prices can have an impact on demand for motor vehicles. And when gas prices surge as they have, demand goes down, and demand for less fuel efficient light-trucks goes down a lot. Unit sales of light vehicles fell 4.2% during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2011
U.S. Factory Sector Momentum Stalls
Still near its recent high, the Composite Index of activity in the factory sector from the Institute for Supply Management slipped to 61.2 from an unrevised 61.4 in February. The figure roughly matched Consensus expectations for 61.3. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2011
U.S. Payroll Employment Gain Is Healthy And Jobless Rate Falls
The U.S. job market clearly recovered from depressing winter weather. Nonfarm payrolls increased 216,000 last month and added to a 194,000 February gain, initially reported as 192,000. The January gain also was revised up slightly to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 31 2011
U.S. Factory Orders Slip M/M But Trend Gain Stable
Improvement in factory sector activity slowed last month. Factory orders ticked down 0.1% during February after an unrevised 3.3% January gain. For durable goods only, orders fell 0.6%, revised from the 0.9% decline reported last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 31 2011
U.S. Initial Claims For Jobless Insurance Slip
Initial claims for jobless insurance slipped to 388,000 last week from 394,000. The decline was to a level higher than Consensus expectations for 380,000, however, figures were revised back to 2006 due to new seasonal factors. Claims [...]
by:Tom Moeller
|in:Economy in Brief
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