The Empire State Index of General Business Conditions in New York's manufacturing industries went negative in May for the first month since April 2003. The decline to -11.11 followed a year of weakening versus the peak in February [...]
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| May 16 2005Empire State Index Negative
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2005
U.S. Consumer Sentiment Depressed
The University of Michigan's reading of consumer sentiment in May fell 2.7% from April to 85.3. The decline contrasted to Consensus expectations for stability at 88.0. Sentiment has fallen in each of the last five months and is down [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2005
Import Prices Surged
Import prices surged 0.8% last month following an upwardly revised 2.0% spike in March. Consensus expectations had been for a moderate 0.3% increase. Petroleum prices jumped another 3.1% m/m and the March gain was revised up. While [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2005
U.S. Business Inventories Rose
Total business inventories rose 0.4% in March and the y/y rate of inventory accumulation continued strong at 7.9%. The ratio of inventories-to-sales fell slightly, however, and returned to the record low average of last year. Retail [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2005
U.S. Business Inventories Rose
Total business inventories rose 0.4% in March and the y/y rate of inventory accumulation continued strong at 7.9%. The ratio of inventories-to-sales fell slightly, however, and returned to the record low average of last year. Retail [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2005
Higher Tax Receipts Lowered U.S. Budget Deficit
April tax revenues surged and reduced the U.S. federal government's budget deficit during the first seven months of FY 2005 by 16.5% versus the first the seven months of FY 2004. Net receipts for the first seven months of FY05 jumped [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2005
OECD Leaders Lost More Forward Momentum
The Leading Index of the Major 7 OECD economies fell for the second month. The 0.6% decline in March followed a downwardly revised 0.5% drop in February and pulled the index's six month growth rate negative. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2005
Initial Claims for Jobless Insurance Up For Third Week
For the third consecutive week, initial claims for unemployment insurance rose. The 4,000 increase to 340,000 was smaller than the gains during the earlier two weeks (the prior week's gain was revised slightly higher), but the latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2005
U.S. Retail Sales Jump
US retail sales jumped 1.4% last month following an upwardly revised 0.4% gain in March. Consensus expectations had been for a 0.7% April increase. Excluding motor vehicles sales rose 1.1%, also twice the Consensus expectation.That [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2005
U.S. Retail Sales Jump
US retail sales jumped 1.4% last month following an upwardly revised 0.4% gain in March. Consensus expectations had been for a 0.7% April increase. Excluding motor vehicles sales rose 1.1%, also twice the Consensus expectation.That [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 11 2005
Mortgage Applications Surged as Rates Remained Low
Total mortgage applications jumped 9.4% last week according to the Mortgage Bankers Association and began the month 13.9% ahead of the depressed April average. Applications to purchase a home jumped 9.1% w/w and started May 11.9% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 11 2005
JOLTS: U.S. Job Openings Firm
The Job Openings & Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics indicated that the job openings rate held firm at 2.6% versus an upwardly revised level in February. The job openings rate is the number of job [...]
by:Tom Moeller
|in:Economy in Brief
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