The value of construction put in place fell 0.3% during September. That reversed an August rise which was revised up slightly and the September decline was less than expectations for a 0.8% drop.Year-to-year, the decline in [...]
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 03 2008U.S. Construction Spending Fell Further
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2008
ISM Index Lowest Since 1982 Recession
The Composite Index of Manufacturing Sector Activity, reported by the Institute for Supply Management (ISM), fell during October to its lowest level since the end of the 1981-82 recession. The 4.6 point m/m decline to a level of 38.9 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2008
ISM Index Lowest Since 1982 Recession
The Composite Index of Manufacturing Sector Activity, reported by the Institute for Supply Management (ISM), fell during October to its lowest level since the end of the 1981-82 recession. The 4.6 point m/m decline to a level of 38.9 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2008
Michigan Consumer Sentiment Collapsed With The Stock Market & The Opinion of Gov't
The University of Michigan's October reading of consumer sentiment collapsed by 18.1% from the September level, to 57.6. That was very much the same as reported at mid-month and the latest level was the lowest for the series since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2008
U.S. Employment Cost Index Increase Stable During 3Q
The employment cost index for private industry workers increased by 0.6% last quarter. It was stable with 2Q and that was the weakest rate of gain since 1Q 2006. It also fell short of Consensus expectations for a 0.7% rise. The rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2008
U.S. September Income Rose, Spending Fell: Trend Growth of Both Down
During September nominal personal income rose 0.2%, just half the revised 0.4% August increase. Moreover, a slowing growth trend was evident in the y/y gain of 3.9% which was down sharply from last year's 6.1% rise and the 7.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2008
U.S. September Income Rose, Spending Fell: Trend Growth of Both Down
During September nominal personal income rose 0.2%, just half the revised 0.4% August increase. Moreover, a slowing growth trend was evident in the y/y gain of 3.9% which was down sharply from last year's 6.1% rise and the 7.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2008
U.S. Initial Claims for Unemployment Insurance Stable But High
Initial claims for jobless insurance were stable last week at 479,000, near the high for this cycle. The figure was about as expected. The four-week moving average of initial claims fell slightly to 475,500 (44.2% y/y), still just off [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2008
U.S. 3Q'08 GDP Fell Modestly
U.S. real GDP fell a modest 0.3% (AR) last quarter after 2.8% growth during 2Q. Consensus expectations had been for a decline at a 0.5% rate. The decline last quarter mirrored a 0.2% decline during the fourth quarter of last year. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2008
U.S. 3Q'08 GDP Fell Modestly
U.S. real GDP fell a modest 0.3% (AR) last quarter after 2.8% growth during 2Q. Consensus expectations had been for a decline at a 0.5% rate. The decline last quarter mirrored a 0.2% decline during the fourth quarter of last year. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2008
FOMC Cut Funds Rate to 1.00%; The Lowest Since 2004
The Federal Open Market Committee today cut the Federal funds rate, as expected, to 1.00% from 1.50%. The discount rate also was cut to 1.25%. The latest Fed funds rate was its lowest since 2004. The Fed indicated three specific [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2008
U.S. Mortgage Applications Recovered Last Week; Off Two-Thirds From Peak
The total number of mortgage applications rose 28.5% last week and that recovered all of the prior period's decline, according to the Mortgage Bankers Association. Nevertheless, the October average fell 20.0% from September and [...]
by:Tom Moeller
|in:Economy in Brief
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