In December, U.S. sales of light vehicles rose 4.4% from the prior month to 16.75M units, according to the Autodata Corporation. The rise was to the highest level since July. For the full year of 2006, however, vehicle sales fell 2.4% [...]
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| Jan 04 2007U.S. Vehicle Sales Rose in December
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2007
Weekly Chain Store Sales Finished 2006 Firm
The International Council of Shopping Centers (ICSC)-UBS indicated that chain store sales last week rose 0.3% after three consecutive weeks of double digit increase. The gains lifted December sales 0.5% higher than the November [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2007
Mortgage Applications Ticked Up
The total number of mortgage applications ticked up 3.6% last week after two weeks of sharp decline which left the average level of applications in December up 1.1% versus the prior month, according to the Mortgage Bankers [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2007
U.S. Construction Spending Off Again
The value of construction put in place in November fell 0,2% though the prior month's sharp drop was revised to more mild 0.3% dip. Nevertheless, it was the sixth decline in the last seven months. Consensus expectations had been for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2007
ADP Report: Private Payrolls Declined
The ADP Nat'l Employment Report, reported by the payroll processor, indicated that private nonfarm payrolls declined 40,000 last month. It was the first decline since April 2003. The U.S. Bureau of Labor Statistics employment figure [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2007
ISM Composite Index Recovered A Bit
The composite index of manufacturing activity from the Institute for Supply Management recovered in December to 51.4 from 49.5 the prior month. Consensus expectations had been for less of an improvement to 50.0. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2007
ISM Composite Index Recovered A Bit
The composite index of manufacturing activity from the Institute for Supply Management recovered in December to 51.4 from 49.5 the prior month. Consensus expectations had been for less of an improvement to 50.0. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2006
U.S. Consumer Sentiment Recovered Some
The University of Michigan's full month reading of consumer sentiment in December slipped 0.4% to 91.7, but that was less than the 2.1% drop in the preliminary report. Consensus expectations for a reading of 90.2. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2006
U.S. Durable Goods Orders Rebounded, But ...
New orders for durable goods rose 1.9% last month, a gain after the offsetting volatility of the prior two months when orders fell 8.2% in October after an 8.7% September spike. Consensus expectations had been for a 1.5% rise n total [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2006
U.S. Personal Income Again Light, Core Prices Ease
November personal income again rose a bit less than expectations with a 0.3% increase after a downwardly revised 0.3% increase in October. The PCE chain price index was unchanged after an unrevised 0.2% decline in October. Prices less [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2006
U.S. Personal Income Again Light, Core Prices Ease
November personal income again rose a bit less than expectations with a 0.3% increase after a downwardly revised 0.3% increase in October. The PCE chain price index was unchanged after an unrevised 0.2% decline in October. Prices less [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 21 2006
Philadelphia Fed Index Fell Unexpectedly
The Philadelphia Federal Reserve Bank's Index of General Business Conditions in the manufacturing sector fell and was negative for the third month in the last four. The December reading of -4.3 was the lowest since early 2003 and [...]
by:Tom Moeller
|in:Economy in Brief
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