According to the International Council of Shopping Centers, chain store sales inched down another 0.2% last week. It was the fourth consecutive weekly decline and it lowered the average level of September sales by 1.9% from August.
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| Sep 30 2008U.S. Chain Store Sales Off Sharply, Lowest Since 2007
by:Tom Moeller
|in:Economy in Brief
Global| Sep 30 2008Case-Shiller Home Price Index Down 16.3%
The S&P/Case-Shiller Composite 20 home price index during July fell another 0.9% after a 0.5% decline during June. Since the peak in July 2006 prices have fallen 19.5% and by 16.3% during the last twelve months. The series dates back [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 30 2008U.S. Gasoline Prices Down Last Week, Demand Off By Most in Three Years
The U.S. pump price for a gallon of regular gasoline fell by nine cents last week to the lowest level since early May. The decline to an average of $3.63, according to the U.S. Department of Energy survey, was accompanied by a drop in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 30 2008U.S. Gasoline Prices Down Last Week, Demand Off By Most in Three Years
The U.S. pump price for a gallon of regular gasoline fell by nine cents last week to the lowest level since early May. The decline to an average of $3.63, according to the U.S. Department of Energy survey, was accompanied by a drop in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 29 2008U.S. Income Recovered, Spending Was Unchanged
Nominal personal income recovered 0.5% during August. The increase followed a revised July decline of 0.6% after two months of gains boosted by $90B of government tax rebate checks. The August increase in personal income exceeded [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 29 2008U.S. Income Recovered, Spending Was Unchanged
Nominal personal income recovered 0.5% during August. The increase followed a revised July decline of 0.6% after two months of gains boosted by $90B of government tax rebate checks. The August increase in personal income exceeded [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 26 2008Michigan Consumer Sentiment Rose With Lower Oil Prices
The University of Michigan's reading of consumer sentiment in September jumped 11.6% though the gain was less than the 16.0% pop in the mid-month report. It still was the highest level since February and the gain to 70.3 contrasted [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 26 2008U.S. 2Q'08 GDP Growth Lowered Slightly
Second quarter '08 U.S. real GDP growth was revised down slightly to 2.8% from the preliminary estimate of 3.3% growth. Despite the revision, last quarter's growth was the quickest since the third quarter of last year but it fell [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 26 2008U.S. 2Q'08 GDP Growth Lowered Slightly
Second quarter '08 U.S. real GDP growth was revised down slightly to 2.8% from the preliminary estimate of 3.3% growth. Despite the revision, last quarter's growth was the quickest since the third quarter of last year but it fell [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 25 2008U.S. Initial Claims For Unemployment Insurance Surged Further
Initial claims for unemployment insurance jumped again last week. The level of 493,000 compared to an upwardly revised 461,000 during the week prior. The latest was the highest level since during the recession of 2001. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 25 2008U.S. New-Home Sales Lowest Since Early-1991
August sales of new single-family homes dropped 11.5% from July following a little revised 4.0% increase during that month. The latest drop greatly exceeded Consensus expectations. More impressive, however, was that the latest level [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 25 2008U.S. Durable Goods Orders Show Broad-based Decline Last Month
New orders for durable goods fell 4.5% during August and that reversed all of the downwardly revised, modest increases during the prior two months. Last month's decline certainly reflected a 38.1% (+31.1% y/y) plunge in orders for [...]
by:Tom Moeller
|in:Economy in Brief
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