The Composite Index of activity in the manufacturing sector, reported by the Institute of Supply Management (ISM), fell to 50.9 last month from 52.0 during September. A reading above 50 indicates growth in factory sector activity. [...]
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 01 2007ISM Index Near "No Growth" Level
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2007
U.S. Initial Unemployment Insurance Claims Still Higher
Initial claims for unemployment insurance fell slightly last week but it was only to 327,000 from an upwardly revised 333,000 during the prior week. There were no distortions to the figure from holidays. The four week moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2007
U.S. Personal Spending Up 0.3%, Income Rose 0.4%
Personal consumption expenditures rose 0.3% in September, below the downwardly revised 0.5% August increase and below expectations for a 0.4% rise. A pattern of steadily declining rates of increase prevailed through 2007; 1Q up 7.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2007
U.S. Personal Spending Up 0.3%, Income Rose 0.4%
Personal consumption expenditures rose 0.3% in September, below the downwardly revised 0.5% August increase and below expectations for a 0.4% rise. A pattern of steadily declining rates of increase prevailed through 2007; 1Q up 7.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2007
ADP Report: Private Payroll Growth Much Improved
The ADP National Employment Report, reported by the payroll processor, found that private nonfarm payrolls rose a much improved 106,000 during October versus a 61,000 rise during September. The U.S. Bureau of Labor Statistics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2007
US GDP Growth Boosted Again by Improved Trade Deficit
U.S. real GDP growth last quarter of 3.9% (AR), in the advance report from the Commerce Department, was higher than expectations for 3.2% growth. The contribution to growth from net export improvement was another 0.9 percentage points [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2007
US GDP Growth Boosted Again by Improved Trade Deficit
U.S. real GDP growth last quarter of 3.9% (AR), in the advance report from the Commerce Department, was higher than expectations for 3.2% growth. The contribution to growth from net export improvement was another 0.9 percentage points [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2007
Consumer Confidence Tanked as Gasoline Prices Rose & Home Prices Fell
Consumer confidence fell in October according to the Conference Board Survey. The 3.9% m/m decline was preceded by declines of 5.8% and 5.6% during the prior two months. The decline in the index to 95.6, in fact, was to the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2007
U.S. Chain Store Sales Sustain Lower Level, Gasoline Prices Up Again
The International Council of Shopping Centers (ICSC)-UBS reported that chain store sales held steady last week (2.5% y/y) after a 1.5% decline during the week prior. The average level of store sales in October is down 0.8% from the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2007
U.S. Chain Store Sales Sustain Lower Level, Gasoline Prices Up Again
The International Council of Shopping Centers (ICSC)-UBS reported that chain store sales held steady last week (2.5% y/y) after a 1.5% decline during the week prior. The average level of store sales in October is down 0.8% from the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2007
U.S. Help-Wanted Advertising Remained Low
The Conference Board indicated that its index of help-wanted advertising did rise slightly last month but only to 24 from 23 in August. The figures are near the record low for the series which dates back to the 1950s. The index had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2007
Michigan Consumer Sentiment Added To Decline in Early October
The University of Michigan's full- month reading of consumer sentiment for October fell 3.0% to 80.9. That roughly doubled the 1.7% decline reported for early October; it followed no change in September and a huge 7.7% drop in August. [...]
by:Tom Moeller
|in:Economy in Brief
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