Factory inventories were unchanged in May following a downwardly revised slight decline in April. Three month growth in inventories fell to 2.7% (AR) from the peak rate of growth near 12% in March and that slowdown explains much of [...]
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| Jul 05 2005U.S. Factory Inventories Unchanged
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 05 2005
U.S. Vehicle Sales Led Higher By Truck Rebound
US sales of light vehicles in June recovered all of recent months' weakness and rose to the highest level in nearly four years, according to the Autodata Corporation. At 17.53M, sales rose 5.2% from May and rose 13.8% versus a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 05 2005
U.S. Vehicle Sales Led Higher By Truck Rebound
US sales of light vehicles in June recovered all of recent months' weakness and rose to the highest level in nearly four years, according to the Autodata Corporation. At 17.53M, sales rose 5.2% from May and rose 13.8% versus a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2005
U.S. Construction Spending Fell After Strengthened Gain Last Year
The total value of construction put in place fell in May for the fourth month this year. The 0.9% decline followed a revised 1.1% drop in April. Consensus expectations had been for a 0.5% increase. The 2004 increase in total [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2005
U.S. Consumer Sentiment Extended Increase
The University of Michigan's final reading of consumer sentiment in June extended the early-month improvement and rose 10.5% versus May to 96.0, the highest level this year. Consensus expectations had been for a lesser increase to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2005
ISM Factory Index Recovered Some
In June, the Composite Index of activity in the manufacturing sector compiled by the Institute of Supply Management rose 2.4 points to 53.8 and recovered all of the prior month's decline. Consensus expectations had been for stability [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2005
ISM Factory Index Recovered Some
In June, the Composite Index of activity in the manufacturing sector compiled by the Institute of Supply Management rose 2.4 points to 53.8 and recovered all of the prior month's decline. Consensus expectations had been for stability [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2005
Fed Funds Rate Increased to 3.25%
The Federal Open Market Committee increased interest rates for the ninth time since last June. The target rate for federal funds was raised an expected 25 basis points to 3.25% and the discount rate was raised 25 basis points to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2005
Help-Wanted Advertising Down
The Index of Help-Wanted Advertising from the Conference Board fell to 37 last month after two months at 39 and two months before that at 41. During the last ten years there has been a 65% correlation between the level of help-wanted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2005
Initial Claims for Jobless Insurance Fell Further
Initial claims for unemployment insurance dropped another 6,000 to 310,000 last week following a 19,000 decline the week prior that was revised slightly shallower. Consensus expectations had been for an increase to 325,000 claims. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2005
Chicago Purchasing Agents' Index Fell Again
The Chicago Purchasing Managers Business Barometer fell again in June to 53.6, the lowest level in two years. Consensus expectations had been for a slight increase to 54.5. During the last ten years there has been a 65% correlation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2005
U.S. Personal Income Growth Eased in May
May personal income rose just 0.2% following a downwardly revised 0.6% gain the prior month. Consensus expectations had been for a 0.3% increase. Wages & salaries rose a slim 0.1% (7.0% y/y) following the 0.7% pop in April. Wages in [...]
by:Tom Moeller
|in:Economy in Brief
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