The total number of mortgage applications fell 1.1% last week following the sharp 6.6% drop the prior week, according to the Mortgage Bankers Association. In September, applications did rise 0.2% from August but the average level was [...]
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| Oct 05 2005Mortgage Applications Fell With Fewer New Purchases
by:Tom Moeller
|in:Economy in Brief
Global| Oct 05 2005Challenger Layoffs Up Slightly
Challenger, Grey & Christmas reported that job cut announcements rose a slight 1.8% in September to 71,836 following a 31.5% m/m drop during August. The three month average of job cut announcements fell 13.8% to 81,793 (-2.5% y/y). [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 05 2005ISM Non-Manufacturing Index Back Down
The Business Activity Index for the non-manufacturing sector from the Institute for Supply Management fell a sharp 11.7 points to 53.3 in September. It was a record m/m drop and was at least partly due to Hurricane Katrina. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 05 2005ISM Non-Manufacturing Index Back Down
The Business Activity Index for the non-manufacturing sector from the Institute for Supply Management fell a sharp 11.7 points to 53.3 in September. It was a record m/m drop and was at least partly due to Hurricane Katrina. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 04 2005U.S. Factory Inventories Slip
Factory inventories slipped 0.1% in August following an upwardly revised 0.6% gain in July. To emphasize a notion that the turn toward inventory restocking has not yet begun, factory inventories less petroleum gave back most of the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 04 2005Weekly Chain Store Sales Recover A Bit More
The International Council of Shopping Centers (ICSC)-UBS survey reported that chain store sales rose another 0.6% last week following a 0.1% up tick the week prior. For the full month, however, sales look to have fallen 1.7% from the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 04 2005U.S. Vehicle Sales Slide As Truck Sales Collapse
US sales of light vehicles slid 2.6% m/m to 16.36M last month, according to the Autodata Corporation. The end of manufacturers' employee price discount programs lowered sales generally but higher gasoline prices hit light truck sales [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 04 2005U.S. Vehicle Sales Slide As Truck Sales Collapse
US sales of light vehicles slid 2.6% m/m to 16.36M last month, according to the Autodata Corporation. The end of manufacturers' employee price discount programs lowered sales generally but higher gasoline prices hit light truck sales [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 03 2005U.S. Construction Spending Up
The value of construction put in place matched Consensus expectations and rose 0.4% in August following an upwardly revised 0.3% July gain. Private building activity rose 0.4% led by a 0.8% gain in nonresidential building. Lodging [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 03 2005ISM Index Lifted by Hurricane Rebuilding & Inventory Restocking
The Institute of Supply Management reported that the Composite Index of activity in the manufacturing sector jumped unexpectedly to 59.4 from 53.6 in September. Consensus expectations had been for a decline to 52.0. During the last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 03 2005ISM Index Lifted by Hurricane Rebuilding & Inventory Restocking
The Institute of Supply Management reported that the Composite Index of activity in the manufacturing sector jumped unexpectedly to 59.4 from 53.6 in September. Consensus expectations had been for a decline to 52.0. During the last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 30 2005Chicago Purchasing Agents' Index Improved Unexpectedly
The Chicago Purchasing Managers Business Barometer improved unexpectedly in September to 60.5, recovering most of the 14.3 point decline in August. Consensus expectations had been for a slight increase to 52. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
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