During November, the value of construction put in place fell another 0.6% though the decline during October was lessened to 0.4%. So far this year total construction spending is down 1.4%. The 20.7% decline in the value of residential [...]
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| Jan 05 2009U.S. Construction Spending Off Further Due to Housing Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 05 2009
U.S. Monetary Policy: Pushing On A String?
Federal Reserve Board Chairman Ben S. Bernanke recently addressed the effects of the housing market's contraction on the financial markets. In reaction to the market's meltdown, and the depressing effects on consumer & business [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 05 2009
ISM Index Fell To The Lowest Since 1980
On Friday, the Institute for Supply Management (ISM) reported that its December Composite Index of Activity in the manufacturing sector fell further to 32.4, the lowest level since the recession year of 1980. The index fell 3.8 points [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 05 2009
ISM Index Fell To The Lowest Since1980
On Friday, the Institute for Supply Management (ISM) reported that its December Composite Index of Activity in the manufacturing sector fell further to 32.4, the lowest level since the recession year of 1980. The index fell 3.8 points [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 30 2008
U.S. Chain Store Sales Ticked Up But Still Near Lows
Chain store sales during Christmas week gave nothing to cheer about, according to the International Council of Shopping Centers-Goldman Sachs Index. The level of sales last week fell 1.5% and that reversed about half of the prior [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 30 2008
U.S. Consumer Confidence Fell Back To A Historic Low
Worry about jobs, income and the future shape of business conditions weighed heavily on consumer psychology. For December, the Conference Board indicated that consumer confidence fell and washed away a slight improvement in November. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 30 2008
U.S. Consumer Confidence Fell BackTo A Historic Low
Worry about jobs, income and the future shape of business conditions weighed heavily on consumer psychology. For December, the Conference Board indicated that consumer confidence fell and washed away a slight improvement in November. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 24 2008
Lower Prices Raise Real Income
Consumers further retrenched last month as spending was cut in a successful attempt to raise savings. Personal consumption expenditures fell 0.6% during November after an unrevised 1.0% October decline. The latest was the fifth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 24 2008
U.S. Weekly Claims For Jobless Insurance Double From Last Year's Lows
Initial claims for unemployment insurance rose sharply last week and the 30,000 increase to 586,000 pushed them to a level nearly double the lows of last year.Expectations had been for stability in claims last week at 551,000. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 24 2008
U.S. Weekly Claims For Jobless Insurance Double From Last Year's Lows
Initial claims for unemployment insurance rose sharply last week and the 30,000 increase to 586,000 pushed them to a level nearly double the lows of last year.Expectations had been for stability in claims last week at 551,000. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2008
Michigan Consumer Sentiment Improved Slightly in December
The full-month reading of consumer sentiment in December from the University of Michigan recovered slightly from the the dismal November level. At 60.1 the figure was improved slightly from the mid-month level and that was up 8.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2008
U.S. New-Home Sales Fell During October; Lowest Since 1991
New single-family homes fell 2.9% m/m during November to 407,000 after a downwardly revised 5.2% October decline. The level of sales in November was off by 71% from the July 2005 peak and sales fell short of Consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
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