The April Composite Index of activity in the manufacturing sector compiled by the Institute of Supply Management fell unexpectedly to 53.3. The index has fallen steadily from the peak of 62.8 roughly one year ago. Consensus [...]
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 02 2005ISM Factory Index Fell Again
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2005
Chicago Purchasing Agents' Index Backpedaled
The April Chicago Purchasing Managers Business Barometer gave back more than half of the prior month's 6.5 point jump. Nevertheless, the level of 65.6 was above Consensus expectations for 62.5 and the average level so far this year is [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2005
U.S. Consumer Sentiment Down: Expectations Eased Further
The University of Michigan's reading of consumer sentiment for all of April fell 5.3% from March to 87.7. The decline contrasted to Consensus expectations for a slightly firmer reading of 89.0. Sentiment has fallen in each of the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2005
Employment Cost Index Eased With Benefit Costs
The employment cost index for private industry workers rose 0.6% last quarter and the rise was quite a bit more moderate than Consensus expectations for a 1.0% increase. Earlier figures were slightly revised. Moderation came as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2005
U.S. Income & Spending Above Expectations
Personal income in March topped Consensus expectations and rose 0.5% following an upwardly revised 0.4% increase in February. Disposable personal income also rose 0.5% (5.8% y/y) although when adjusted for price inflation take home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2005
U.S. Income & Spending Above Expectations
Personal income in March topped Consensus expectations and rose 0.5% following an upwardly revised 0.4% increase in February. Disposable personal income also rose 0.5% (5.8% y/y) although when adjusted for price inflation take home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2005
Initial Claims for Jobless Insurance Bounce Back
Initial unemployment insurance claims last week recovered 21,000 of the lessened 33,000 decline the prior period. The level of 320,000 equaled Consensus expectations. During the last ten years there has been a (negative) 75% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2005
Help-Wanted Advertising Slipped
The Conference Board's National March Index of Help-Wanted Advertising fell to 39 from 41 during the prior two months. During the last ten years there has been a 67% correlation between the level of help-wanted advertising and the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2005
Foreign Trade Drag & Prices Up, US GDP Growth Down
US real GDP growth of 3.1% (AR) in 1Q05 was the slowest in two years and fell short of Consensus expectations for a 3.5% advance. Also a surprise was the 3.3% rise in the GDP Chain Price Index. This strongest gain in four years easily [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2005
Foreign Trade Drag & Prices Up, US GDP Growth Down
US real GDP growth of 3.1% (AR) in 1Q05 was the slowest in two years and fell short of Consensus expectations for a 3.5% advance. Also a surprise was the 3.3% rise in the GDP Chain Price Index. This strongest gain in four years easily [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2005
Lower Rates Lift Mortgage Applications
The Mortgage Bankers Association reported that mortgage applications increased 5.9% last week to the highest level in six weeks. Nevertheless, the average level so far in April remained below March. Applications to refinance rose 9.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2005
U.S. Durable Goods Orders Off Sharply
Orders received by U.S. manufacturers of durable goods dropped 2.8% last month following a revised 0.2% dip in February. It was the third consecutive monthly decline in new orders. Consensus expectations had been for a 0.3% rise. [...]
by:Tom Moeller
|in:Economy in Brief
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