The November Composite Index for the nonmanufacturing sector from the Institute for Supply Management fell sharply to 37.3 from an unrevised 44.4 during October. The figure was weaker than Consensus expectations for a reading of 42.0 [...]
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| Dec 03 2008U.S. ISM Nonmanufacturing Index Weaker-Than-Expected
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2008
ADP Report: Payroll Employment Fell Again By 250,000
The payroll processor ADP indicated in its latest National Employment Report that October private nonfarm payrolls fell 250,000 after a revised 179,000 October shortfall that was deeper than the initial estimate. The latest was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2008
U.S. Light Vehicle Sales Fell Further, Lowest Since 1982
Auto showrooms were even more quiet last month than during October. U.S. sales of light vehicles fell to 10.18 million units (AR), down by more than one-third from the year-ago level. Sales were at their lowest since October 1982 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2008
U.S. Light Vehicle Sales Fell Further, Lowest Since 1982
Auto showrooms were even more quiet last month than during October. U.S. sales of light vehicles fell to 10.18 million units (AR), down by more than one-third from the year-ago level. Sales were at their lowest since October 1982 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 02 2008
U.S. Chain Store Sales Weak Over Thanksgiving
Chain store sales during Thanksgiving week posted all of a 0.1% rise versus the prior week, according to the International Council of Shopping Centers-Goldman Sachs Index. The uptick followed declines near 1% during two of the prior [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 02 2008
U.S. Gasoline Prices Lowest Since 2005
Last week, the pump price for a gallon of regular gasoline was at its lowest level since early 2005 according to the U.S. Department of Energy survey. At $1.81 per gallon prices fell roughly 60 cents per gallon during just the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 02 2008
U.S. Gasoline Prices Lowest Since 2005
Last week, the pump price for a gallon of regular gasoline was at its lowest level since early 2005 according to the U.S. Department of Energy survey. At $1.81 per gallon prices fell roughly 60 cents per gallon during just the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2008
U.S. Recession: It's Official
The Business Cycle Dating Committee at the National Bureau of Economic Research (NBER) determined that a U.S. recession is underway and that it began following a December 2007 peak. The dating of a recession is dependent on several [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2008
U.S. Construction Spending Off Sharply Again
The October value of construction put in place fell 1.2% during October. The decline followed a slight September downtick which was revised to be shallower than the initial report. Consensus expectations had been for a 0.9%. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2008
ISM Index the Lowest Since 1982 Recession; Pricing Power Evaporated
The Institute for Supply Management (ISM) reported that its November Composite Index of Activity in the manufacturing sector came in at 36.2. The index fell 2.7 points from October and it was the fifth decline in as many months. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2008
ISM Index the Lowest Since 1982 Recession; Pricing Power Evaporated
The Institute for Supply Management (ISM) reported that its November Composite Index of Activity in the manufacturing sector came in at 36.2. The index fell 2.7 points from October and it was the fifth decline in as many months. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2008
Chicago Purchasing Managers' Barometer Off Sharply
The Chicago Purchasing Manager's Association indicated that its November business barometer fell to 33.8 after the collapse during October. The latest figure was the lowest since early during the sharp recession of 1982. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
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