The total value of construction put in place surged 1.1% in December following declines in prior months that were lessened. Consensus expectations had been for a 0.6% gain.The yearend jump lifted the y/y gain in spending to 8.8%, its [...]
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| Feb 01 2005U.S. Construction Spending Jump Lifted Last Year's Gain To 8.8%
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 01 2005
ISM Factory Index Slipped
The Institute of Supply Management reported that its Composite Index of activity in the manufacturing sector slipped last month to 56.4, the lowest level since September 2003. Consensus expectations had been for 56.9 and new seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 01 2005
Chain Store Sales Fell Hard
Chain store sales fell 1.9% last week, the third decline this year according to the International Council of Shopping Centers (ICSC)-UBS survey. The decline lowered the average of sales in January to just 0.9% ahead of December. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 01 2005
Chain Store Sales Fell Hard
Chain store sales fell 1.9% last week, the third decline this year according to the International Council of Shopping Centers (ICSC)-UBS survey. The decline lowered the average of sales in January to just 0.9% ahead of December. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2005
New Home Sales A Record in 2004
Sales of new single-family homes improved modestly in December to 1.098M but sales in November were revised down sharply. Consensus estimates had been for sales of 1.200M. For the full year new home sales were a record 1.178M, up 8.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2005
Chicago Purchasing Agents' Index Improved
The Chicago Purchasing Managers Business Barometer improved to 62.4 in January from an upwardly revised reading the month prior. Consensus expectations had been for a decline to 59.0. During the last ten years there has been a 73% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2005
Help-Wanted Advertising Recovered
The National Index of Help-Wanted Advertising published by the Conference Board recovered to 38 in December, the highest level since June. For the full year the index averaged 38 which was the same as in 2003 but was below the 44 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2005
Record Gain in U.S. Personal Income Fueled Spending
Personal income surged a record 3.7% last month due to a $24.8B boost from Microsoft's payment of a $32B stock dividend. Consensus expectations had been for a 3.3% gain. Excluding the dividend effect, personal income rose 0.6%. Income [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2005
Record Gain in U.S. Personal Income Fueled Spending
Personal income surged a record 3.7% last month due to a $24.8B boost from Microsoft's payment of a $32B stock dividend. Consensus expectations had been for a 3.3% gain. Excluding the dividend effect, personal income rose 0.6%. Income [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2005
Employment Cost Index Moderate At 0.7%
The employment cost index for private industry workers rose 0.7% last quarter, in line with Consensus expectations for a 0.8% increase. The y/y gain of 3.8% represented moderation from the 4.0% rates of growth logged during the prior [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2005
US GDP Growth Knocked Hard By Trade Sector Deterioration
US real GDP last quarter rose just 3.1% (AR), the leanest rate of growth in nearly two years. Despite the weak finish to 2004, 4.4% growth for the full year was the strongest since 1999. The Consensus expectation had been for 3.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2005
US GDP Growth Knocked Hard By Trade Sector Deterioration
US real GDP last quarter rose just 3.1% (AR), the leanest rate of growth in nearly two years. Despite the weak finish to 2004, 4.4% growth for the full year was the strongest since 1999. The Consensus expectation had been for 3.5% [...]
by:Tom Moeller
|in:Economy in Brief
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