According to the International Council of Shopping Centers-Goldman Sachs Index, a 0.3% uptick in chain store sales last week made up a piece of the prior week's 1.0% decline. Nevertheless, sales ticked down 0.1% from the year-ago level.
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| Nov 18 2008U.S. Chain Store Sales Fell Versus Last Year
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2008
U.S. Gasoline Prices Continued Lower
Falling by another fifteen cents w/w to $2.07 per gallon, the retail price for a gallon of regular gasoline was at its lowest level since early 2005 according to the U.S. Department of Energy survey. Prices have now fallen $2.04 per [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2008
U.S. PPI Fell Again, Core Pricing Power Strong Again
U.S. finished producer prices during October matched Consensus expectations and fell 2.8% following their 0.4% drop during September. A 12.8% decline in energy prices (+5.5% y/y) was due to a 24.9% plunge in gasoline prices, but [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2008
U.S. PPI Fell Again, Core Pricing Power Strong Again
U.S. finished producer prices during October matched Consensus expectations and fell 2.8% following their 0.4% drop during September. A 12.8% decline in energy prices (+5.5% y/y) was due to a 24.9% plunge in gasoline prices, but [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2008
U.S. Empire State Index Negative Again; Prices Paid The Weakest Since 2003
The November Empire State Index of manufacturing actor activity as reported by the Federal Reserve Bank of New York fell to -25.43 which, for the series' short eight year history, was a record low. The decline was just modest versus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2008
U.S. Industrial Production Rebounds Modestly After Hurricanes
Industrial production recovered 1.3% last month after its 3.8% plummet during September when production was depressed by Hurricanes Gustav & Ike. September output was also held down by a strike at Boeing. Consensus expectations had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2008
U.S. Industrial Production Rebounds Modestly After Hurricanes
Industrial production recovered 1.3% last month after its 3.8% plummet during September when production was depressed by Hurricanes Gustav & Ike. September output was also held down by a strike at Boeing. Consensus expectations had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2008
U.S. Business Inventory Accumulation Waned
During September, total business inventories reversed all of their August rise and fell 0.2%. The decline was weaker than Consensus expectations for no change. More importantly, however, it could suggest that the addition to 3Q GDP [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2008
Michigan Reading of Consumer Sentiment Remained Glum
The University of Michigan's reading of consumer sentiment for the middle of this month remained near the low posted during October. The index ticked up to 57.9 from 57.6. The latest level was near the lowest for the series since this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2008
U.S. Import Prices Fell Again; Oil & Nonoil Prices Lower
Total U.S. import prices fell another 4.7% last month following the little-revised 3.3% September drop. Consensus expectations had been for a 4.4% drop during October. Petroleum prices cratered another 16.7% and this month imported [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2008
U.S. Retail Sales Drop With Gasoline Prices, Vehicle & Most Other Sales
The Commerce Department reported this morning that retail sales dropped 2.8% last month after little revised declines during September and August. The decline exceeded Consensus expectations for a 2.0% drop. Lower vehicle sales, and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2008
U.S. Retail Sales Drop With Gasoline Prices, Vehicle & Most Other Sales
The Commerce Department reported this morning that retail sales dropped 2.8% last month after little revised declines during September and August. The decline exceeded Consensus expectations for a 2.0% drop. Lower vehicle sales, and [...]
by:Tom Moeller
|in:Economy in Brief
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