With just a 0.3% m/m uptick, the increase in U.S. sales of light vehicles last month did little to recover a 5.4% January drop. At a 15.38M unit annual selling rate, sales remained quite low. According to the Autodata Corporation [...]
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| Mar 04 2008U.S. Vehicle Sales in FebruaryRemained Low, Gasoline Price Up
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2008
U.S. Construction Spending Fell. All Categories Down
The value of construction put in place fell 1.7% during January, roughly repeating its little revised 1.3% December downdraft. The latest decline was the forth consecutive monthly drop but the last two were by far the largest of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2008
ISM Index Factory Sector Falls Below 50: Indicates Contraction
For the second month in the last three, the Institute of Supply Management (ISM) reported that its Composite Index of Manufacturing Sector Activity was below the breakeven level of 50. The m/m decline to 48.3 was right in line with [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2008
ISM Index Factory Sector Falls Below 50: Indicates Contraction
For the second month in the last three, the Institute of Supply Management (ISM) reported that its Composite Index of Manufacturing Sector Activity was below the breakeven level of 50. The m/m decline to 48.3 was right in line with [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 29 2008
Chicago Purchasing Managers Barometer Lowest Since 2001
The Chicago Purchasing Manager's Association reported that its February business barometer dropped hard from January to a reading of 44.5, the lowest level since late 2001. The latest figure was quite a bit lower than Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 29 2008
Michigan Consumer Sentiment Lowered By A Foul Opinion of Government
For all of February the University of Michigan's consumer sentiment index fell just 9.7% to a level of 70.8. That decline was a little better than the 11.2% plunge from January reported at mid-month. It also was better than the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 29 2008
U.S. Real Disposable Income Up 0.1%, Spending Flat, Core Price Gains Faster
Adjusted for prices, disposable personal income squeaked out a 0.1% gain last month. The weak rise followed a like increase in December but two months of decline preceding that. It left the three-month growth rate at a negative 0.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 29 2008
U.S. Real Disposable Income Up 0.1%, Spending Flat, Core Price Gains Faster
Adjusted for prices, disposable personal income squeaked out a 0.1% gain last month. The weak rise followed a like increase in December but two months of decline preceding that. It left the three-month growth rate at a negative 0.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2008
U.S. Help-Wanted Advertising Back to Record Low in January
The Conference Board reported that its index of help-wanted advertising dipped last month to a reading of 21, the record low plumbed in November. During the last ten years there has been a 57% correlation between the level of help- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2008
U.S. Weekly Initial Claims for Unemployment Insurance Up
Initial claims for unemployment insurance rose a sharp 1,900 to 373,000 last week. During February claims have averaged 361,000, up 10.4% from the January average. The latest weekly level remained near the highest since October of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2008
US 4Q GDP Held at 0.6% Growth
U.S. real GDP growth during last quarter was unrevised at a 0.6% annual rate. The Commerce Department figure was just slightly below the Consensus expectation for an upward revision to a 0.8% rise. The gain still was down sharply from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2008
US 4Q GDP Held at 0.6% Growth
U.S. real GDP growth during last quarter was unrevised at a 0.6% annual rate. The Commerce Department figure was just slightly below the Consensus expectation for an upward revision to a 0.8% rise. The gain still was down sharply from [...]
by:Tom Moeller
|in:Economy in Brief
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