The University of Michigan's preliminary reading of consumer sentiment in June improved a sharp 9.1% versus May to 94.8. Sentiment rose to the highest level since January. Consensus expectations had been for a level of 88.7. During [...]
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| Jun 17 2005U.S. Consumer Sentiment Improved
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2005
U.S. Current Account Deficit Another Record
The 1Q05 US current account deficit deepened to another record of $195.1B, or 6.4% of GDP. Consensus expectations had been for a deficit of $189.0B. Trade account deterioration was estimated to have subtracted 0.7 percentage points [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2005
Philadelphia Fed Index Negative
The Index of General Business Conditions in the manufacturing sector from the Philadelphia Fed went negative in June for the first month in just over two years. The 9.5 point m/m decline to -2.2 added to declines earlier this year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2005
Philadelphia Fed Index Negative
The Index of General Business Conditions in the manufacturing sector from the Philadelphia Fed went negative in June for the first month in just over two years. The 9.5 point m/m decline to -2.2 added to declines earlier this year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2005
NAHB Housing Market Index At Record High
The National Association of Home Builders' (NAHB) Composite Housing Market Index rose to 71 in June, returning to the record high level reached last December. During the last twenty years, annual changes in the composite index had an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2005
Housing Starts Edged Higher
Housing starts edged 0.2% higher to 2.009M units in May following a downwardly revised 9.4% gain in April.Consensus expectations had been for 2.041M starts. Single-family starts rose 4.7% m/m on top of the downwardly revised 5.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2005
Initial Unemployment Insurance Claims Flat
Initial claims for unemployment insurance remained about flat last week, rising 1,000 to 333,000 from an upwardly revised level the week prior. Consensus expectations had been for 328,000 claims. During the last ten years there has [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2005
Initial Unemployment Insurance Claims Flat
Initial claims for unemployment insurance remained about flat last week, rising 1,000 to 333,000 from an upwardly revised level the week prior. Consensus expectations had been for 328,000 claims. During the last ten years there has [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2005
Mortgage Applications Surged As Rates Remained Low
Total mortgage applications surged 17.4% last week following a 6.5% rise the week prior. Applications so far in June are 12.6% ahead of the May average which rose 6.5% versus April, according to the Mortgage Bankers Association. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2005
U.S. Business Inventory Accumulation Slowing
Total business inventories rose just 0.3% in April, the weakest monthly increase this year. The gain lowered the three month change in inventories to 5.5% (AR), less than half the 12.1% peak rate of accumulation through last August. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2005
Empire State Index Again Positive
The Empire State Index of General Business Conditions in New York's manufacturing industries turned positive in June with a rise to 11.65 following a one blip into negative territory during May. The new orders component jumped to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2005
Industrial Production Recovered
With a 0.3% rise in May, industrial production recovered all of the prior month's deepened 0.3% decline. Consensus expectations had been for a 0.2% gain. The headline figure masked a sharper improvement in factory sector output which [...]
by:Tom Moeller
|in:Economy in Brief
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