At least vehicle sales are holding up and not slipping. Unit sales of light vehicles grudgingly moved higher last month, up 2.5% m/m to 11.76M units (SAAR) and recovering the 0.6% dip during August. Though modest, the sales gain was [...]
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 04 2010U.S. Vehicle Sales Gain Moderately As Imports Jump
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2010
Consumer Sentiment Deterioration Stabilizes
Consumers don't feel terrific, but at least their mood isn't deteriorating. The University of Michigan reported that its September Consumer Sentiment reading of 68.2 held near the levels of the prior two months. Also, the figure [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2010
ISM Index Falls To Lowest Since Last November As Pricing Firms
Factory sector activity expanded moderately last month, though its rate of growth actually slipped from August. The September Composite Index from the Institute for Supply Management fell to 54.4 from 56.3 pulling the index to its [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2010
Personal Income Boosted By Jobless Insurance Payouts
Personal income firmed during August and posted a 0.5% gain following an unrevised 0.2% July increase. The increase beat Consensus expectations for a 0.3% gain.However, rather than reflecting some broad-based improvement in earnings, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 30 2010
Initial Claims For Jobless Insurance Slip, But Total Claimants Fall Sharply
Initial claims for unemployment insurance fell 16,000 last week to 453,000 from an upwardly revised 469,000 in the week prior (originally 465,000).The 4-week moving average fell slightly to 463,250. The latest weekly decline was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 30 2010
Real GDP Q2 Growth Revised Little
The latest estimate of 1.7% (AR) growth in real Q2 GDP was little revised from last month's 1.6%. Moreover, it differed little from the Consensus expectation for an unchanged reading of 1.6%. It remained the fourth straight quarter of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2010
Mortgage Applications Slip Again As Interest Rates Near 4.0%
The Mortgage Bankers Association reported that mortgage applications slipped 0.8% last week for the fourth consecutive down week. Nevertheless, overall applications remain up 20.7% September '09. Last week's total decline was led by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2010
Stability Describes Recent Energy Price Movement
Tracking gasoline prices this Summer required little more than a ruler as the pump price for regular gasoline moved sideways near last week's level of $2.69 per gallon. Prices remained down from $2.91 in early-May. Nevertheless, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2010
U.S. Chain Store Sales Remain Lackluster
Consumers continued to hold back on their spending last week and for September as a whole. Weekly chain store sales last week gained back just 0.4% of the prior week's 1.4% decline. For September, average sales fell 0.9% from August [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2010
U.S. Consumer Confidence Weighed Down By Lowered Expectations
The Conference Board reported that consumer confidence fell sharply last month to the lowest level since February. The index of overall confidence fell to 48.5 from a downwardly revised 53.2 in August. Moreover, the September level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2010
U.S. Case-Shiller Home Price Index Eases
Following the expiration of the government's home buyer tax credit, home prices have lost forward momentum. During July, the seasonally adjusted Case-Shiller 20-City Home Price Index slipped 0.1% (+3.2% y/y) following a diminished [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 27 2010
Chicago Fed Index Gives Back Its Earlier Improvement
The August National Activity Index (CFNAI), reported by the Chicago Fed, backpedaled and returned to nearly its lowest level of the economic recovery. The decline to -0.53 was from a revised -0.11 during July and indicated that [...]
by:Tom Moeller
|in:Economy in Brief
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