Factory inventories inched up just 0.1% during December after a slowed 0.2% November gain. The 0.6% increase in factory inventories during 4Q06 was the slowest since 3Q05. Primary metals inventories actually fell during the last two [...]
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| Feb 05 2007U.S. Factory Inventory Accumulation Slowed Further
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2007
ISM Nonmanufacturing Index Up More Than Expected
The non-manufacturing sector Business Activity Index rose more than expected to 59.0 last month and more than reversed the 1.6 point decline during December. Consensus estimates had been for a lesser gain to 57.0 and the figures from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2007
Michigan Consumer Sentiment Firm for January
The University of Michigan's final reading of consumer sentiment during January remained quite solid versus December at 96.9 (Q1 1966 = 100). The reading fell, however, from the mid-month read of 98.0. The reading of current [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2007
Michigan Consumer Sentiment Firm for January
The University of Michigan's final reading of consumer sentiment during January remained quite solid versus December at 96.9 (Q1 1966 = 100). The reading fell, however, from the mid-month read of 98.0. The reading of current [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2007
January Payrolls Missed Forecast, Revisions Upward
Nonfarm payrolls grew by 111,000, an increase that was short of the Consensus forecast for a 140,000 rise, but the prior two months' gains were upwardly revised by a collective 81,000. The unemployment rate increased last month to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2007
January Payrolls Missed Forecast, Revisions Upward
Nonfarm payrolls grew by 111,000, an increase that was short of the Consensus forecast for a 140,000 rise, but the prior two months' gains were upwardly revised by a collective 81,000. The unemployment rate increased last month to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 01 2007
Initial Jobless Insurance Claims Back Down
A 20,000 drop in initial unemployment insurance claims last week to 307.000 reversed half of the upwardly revised increase the prior week. Consensus expectations had been for 315,000 claims. During the last ten years there has been a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 01 2007
U.S. Personal Income Firm, Core Prices Tame
Personal income increased 0.5% after two months of 0.3% rise and matched Consensus expectations. For the year, income rose 6.4%, faster than the 5.2% gain during 2005. Wages & salaries jumped 0.6% (6.4% y/y) and for the whole year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 01 2007
U.S. Personal Income Firm, Core Prices Tame
Personal income increased 0.5% after two months of 0.3% rise and matched Consensus expectations. For the year, income rose 6.4%, faster than the 5.2% gain during 2005. Wages & salaries jumped 0.6% (6.4% y/y) and for the whole year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2007
Mortgage Applications Rose A Bit
The total number of mortgage applications rose 3.2%% last week, after the sharp 8.4% decline the prior week according to the Mortgage Bankers Association. Purchase applications recovered just 1.3% after declines of 8.4% and 7.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2007
Chicago Purchasing Managers Survey Soft
The Chicago Purchasing Manager's Assn. reported that its January business barometer fell to 48.8. It was the first month the diffusion index of factory sector activity fell below the break even line of 50 since 2003. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2007
U.S. Construction Spending Off Again
The value of construction put in place in December fell 0.4% after an upwardly revised 0.1% November uptick. Consensus expectations had been for no change. For the full year, construction spending grew 4.8%, the weakest since 2002 [...]
by:Tom Moeller
|in:Economy in Brief
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