The Composite Index for the nonmanufacturing sector from the Institute for Supply Management (ISM) slipped in February to 41.6 from an unrevised January reading of 42.9. Consensus expectations were for a somewhat larger decline to [...]
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| Mar 04 2009U.S. ISM Nonmanufacturing Index Eased Slightly
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2009
ADP Report: Payroll Employment Off 697,000
The payroll processor ADP indicated in its latest National Employment Report that private nonfarm payrolls fell 697,000 last month. That followed a 614,000 decline during January which was revised from the initial estimate of a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2009
ADP Report: Payroll Employment Off 697,000
The payroll processor ADP indicated in its latest National Employment Report that private nonfarm payrolls fell 697,000 last month. That followed a 614,000 decline during January which was revised from the initial estimate of a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2009
February U.S. Light Vehicle Sales Lower Still
What can be said about the decline in U.S. vehicle sales that hasn't already been noted? It's been picking up momentum recently. It's been to the lowest level since 1982. It's been broad-based across manufacturers and product type. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2009
U.S. Chain Store Sales Dipped Last Week, But Rose For The Month
Chain store sales dipped 0.6% last week (Feb.28) and that did reverse the prior week's increase, according to the International Council of Shopping Centers-Goldman Sachs Index. But the combination of large gains at the end of January [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2009
U.S. Gasoline Prices Remained Just Above $1.90; Demand Stabilizing
According to the U.S. Department of Energy, regular gasoline prices rose two cents last week and the increase left them in the middle of the $1.89 to $1.96 range in place since early February. At an average $1.93 per gallon prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2009
U.S. Construction Spending Fell Further
The news on building activity continues grim. The value of construction put-in-place tumbled 3.3% during January for the third consecutive, sharp decline. The drop was was roughly double the Consensus expectation. Residential building [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2009
Falling Rates & Prices Push Affordability to New High
The National Association of Realtors indicated that pending sales of existing homes fell 7.7% in January to a record low. The decline left sales 7.4% below the 2008 average and it was roughly twice the Consensus expectation. The home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2009
Falling Rates & Prices Push Affordability to New High
The National Association of Realtors indicated that pending sales of existing homes fell 7.7% in January to a record low. The decline left sales 7.4% below the 2008 average and it was roughly twice the Consensus expectation. The home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 02 2009
ISM Index Flat Month-To-Month, Still Near Low
For February, the Institute for Supply Management (ISM) reported that its Composite Index of Activity in the manufacturing sector remained about unchanged at 35.8 versus the 35.6 January reading. The latest was still near the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 02 2009
U.S. January Personal Savings Rate Highest Since 1995
The personal & outlays report from the U.S. Bureau of Economic Analysis indicated that the savings rate continued its recent improvement. During January, individuals pared spending against the background of the current economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 02 2009
U.S. January Personal Savings Rate Highest Since 1995
The personal & outlays report from the U.S. Bureau of Economic Analysis indicated that the savings rate continued its recent improvement. During January, individuals pared spending against the background of the current economic [...]
by:Tom Moeller
|in:Economy in Brief
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