Chain store sales collapsed as shoppers dropped after Thanksgiving week, according to the International Council of Shopping Centers (ICSC)-UBS. A 2.6% decline in sales last week lowered sales in the opening week of December 2.5% below [...]
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| Dec 05 2006Weekly Chain Store Sales Collapsed
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2006
Challenger Layoffs Up Slightly
Announced job cuts reported by Challenger, Grey & Christmas for November rose 7,596 to 76,773. The three month moving average of layoff announcements continued its earlier uptrend with a rise to 82,088, its highest level since this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2006
ISM Nonmanufacturing Index Up Again, Unexpectedly
The non-manufacturing sector Business Activity Index rose unexpectedly to 58.9 from 57.1 in October. The figure from the Institute for Supply Management (ISM) exceeded Consensus expectations for a decline to 56.0. Thus far in 4Q the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2006
U.S. Productivity Little Revised, Compensation Lowered Sharply
For 3Q '06, nonfarm labor productivity growth of 0.2% was little revised from the preliminary report. The figure fell short of Consensus expectations for a larger revision to 0.4% growth. The weak increase kept y/y growth in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2006
U.S. Productivity Little Revised, Compensation Lowered Sharply
For 3Q '06, nonfarm labor productivity growth of 0.2% was little revised from the preliminary report. The figure fell short of Consensus expectations for a larger revision to 0.4% growth. The weak increase kept y/y growth in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2006
U.S. Vehicle Sales Lowest in a Year
U.S. sales of light vehicles in November fell 0.7% from the prior month to 16.04M units, according to the Autodata Corporation. The decline was the third in the last four months and was to the lowest level since the dismal October [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2006
U.S. Vehicle Sales Lowest in a Year
U.S. sales of light vehicles in November fell 0.7% from the prior month to 16.04M units, according to the Autodata Corporation. The decline was the third in the last four months and was to the lowest level since the dismal October [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2006
ISM Composite Index Lowest Since 2003
The November composite index of manufacturing activity from the Institute for Supply Management fell to 49.5 from 51.2 the prior month. The decline plopped the index below the break even level of 50 for the first month since April [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2006
U.S. Construction Spending Decline Fifth in Six Months
During October, the value of construction put in place fell 1.0% after a downwardly revised 0.8% drop in September. It was the fifth decline in the last six months. Consensus expectations had been for a 0.2% dip during October. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2006
U.S. Construction Spending Decline Fifth in Six Months
During October, the value of construction put in place fell 1.0% after a downwardly revised 0.8% drop in September. It was the fifth decline in the last six months. Consensus expectations had been for a 0.2% dip during October. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2006
Chicago Purchasing Managers Survey Down in November
The Chicago Purchasing Manager's Assn. reported that its November business barometer fell to 49.9. 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| Nov 30 2006
Home Price Appreciation Slowest in Three Years
According to the Office of Federal Housing Enterprise Oversight (OFHEO) home prices in the U.S. rose last quarter but the 0.9% gain was the slowest since 1998 and the y/y increase of 7.7% was the worst since 2003. Price declines were [...]
by:Tom Moeller
|in:Economy in Brief
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