The recent sharp improvement in service sector activity stalled last month, but not by much. The Composite Index for the nonmanufacturing sector from the Institute for Supply Management (ISM) slipped to 46.4 from an unrevised reading [...]
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| Aug 05 2009U.S. ISM Nonmanufacturing Index Backpedals Slightly And Prices Fall Sharply
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2009
ADP Report: Rate Of Job Loss Smallest Since October
Deterioration in the U.S. labor market continued last month, just not at the same rate as it had. The latest report from the payroll processor ADP, in their National Employment Report, indicated that private nonfarm payrolls fell [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2009
U.S. Factory Inventory Decumulation Eases Somewhat
An easing rate of inventory decumulation is now playing a part in improving the level of factory sector output. During June, factory sector inventories fell 0.8%, the same as they did in May and that compares with 1.0%+ declines [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2009
Gasoline Prices Move Higher As Crude Prices Rise And Demand Stabilizes
The economy must be improving if gasoline prices are rising. Or is it seasonal strength? The pump price for regular gasoline increased last week to an average $2.56 per gallon, though that still was down a nickel from last month's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2009
U.S. Pending Home Sales Rise To The Highest Level In Two Years
The rebound in housing activity grew stronger last month as mortgage rates remained low. The National Association of Realtors reported that June pending sales of existing homes jumped 3.6% from May to their highest level since June of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2009
U.S. Personal Income Reverses Large May Gain While Savings Rate Tumbles
As "automatic stabilizers" vanished, June personal income reversed all of the prior month's jump with a 1.3% decline. Government payments to individuals dropped 6.0% as "other" stimulus payments reversed the May gain with a 16.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2009
U.S. Personal Income Reverses Large May Gain While Savings Rate Tumbles
As "automatic stabilizers" vanished, June personal income reversed all of the prior month's jump with a 1.3% decline. Government payments to individuals dropped 6.0% as "other" stimulus payments reversed the May gain with a 16.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2009
U.S. Light Vehicle Sales Benefit From "Cash For Clunkers" Program
The U.S. government's "Cash for Clunkers" program was given credit for supporting sales of light vehicles last month. The program gives car buyers up to $4,500 for trading in older, gas-guzzling vehicles if they're buying more fuel [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2009
Bottoming Of U.S. Construction Spending Evident For A Fifth Month
It's been a long time coming, but a bottoming of the two-year decline in construction outlays arrived in 2008. During June, the value of overall construction put-in-place ticked up 0.3% after a little-revised 0.8% May slip, and the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2009
ISM Factory Sector Index Reaches Its Highest Level In Nearly One Year
Though overall activity declined again last month, the recession in the factory sector continued to moderate, according to The National Association of Purchasing Management. Its July composite index rose to 48.9 from an unrevised June [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2009
ISM Factory Sector Index ReachesIts Highest Level In Nearly One Year
Though overall activity declined again last month, the recession in the factory sector continued to moderate, according to The National Association of Purchasing Management. Its July composite index rose to 48.9 from an unrevised June [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 31 2009
Rate of U.S. GDP Decline Slows in Q2 2009
The Commerce Department indicated that real GDP declined last quarter at a 1.0% annual rate, indicating a slowing in the U.S. recession. The diminution in the rate of GDP decline versus the prior two quarters was due to a reduced rate [...]
by:Tom Moeller
|in:Economy in Brief
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