- Index weakens to lowest point in four months.
- Production & inventories lead decline while new orders & supplier deliveries edge higher.
- Price index falls to six-month low.
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
USA| Jul 01 2024U.S. ISM Manufacturing PMI Eases in June; Prices Fall Sharply
by:Tom Moeller
|in:Economy in Brief
USA| Jun 28 2024U.S. PCE Price Index Steadies in May with Core Prices Minimally Higher; Spending Growth Improves
- Price index held down by declines in goods prices.
- Real spending increases modestly.
- Income gain improves.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 27 2024U.S. Durable Goods Orders Are Little Changed in May
- Aircraft orders surge as motor vehicle orders moderate.
- Excluding transportation, orders ease.
- Shipments slip but inventories & backlogs edge higher.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 27 2024U.S. Goods Trade Deficit Deepens in May
- Largest goods trade deficit since May ’22.
- Export decline reverses April increase.
- Imports fall moderately following April surge.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 26 2024U.S. New Home Sales Decline Sharply in May
- Sales fall to six-month low.
- Declines are logged throughout the country.
- Median sales price eases.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 26 2024U.S. Mortgage Applications Continue to Rise in Latest Week
- Increase last week is third straight gain.
- More purchase applications offset by dip in refinancing.
- 15-year mortgage rate is little changed.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 25 2024U.S. Consumer Confidence Dips in June
- Confidence remains down sharply from last year’s peak.
- Improvement in the present situations reading contrasts with a sharp decline in expectations.
- Inflation expectations remain reduced.
by:Tom Moeller
|in:Economy in Brief
- Gasoline prices are lowest since March.
- Crude oil prices turn higher.
- Natural gas costs rebound.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 24 2024Texas Manufacturing Activity Index Edges Higher in June
- Current business index improves while future reading jumps.
- Production, new orders growth & shipments advance.
- Employment & wages readings rise slightly.
- Finished goods prices jump while raw materials price index edges higher.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 21 2024U.S. Existing Home Sales Decline While Prices Rise in May
- Sales decline to four-month low.
- Home prices strengthen to record level.
- Sales fall or hold steady throughout the country.
by:Tom Moeller
|in:Economy in Brief
- Single-family & multi-family starts weaken.
- Starts fall throughout the country, except the West.
- Building permits decline to four-year low.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 20 2024U.S. Current Account Deficit Unexpectedly Deepens in Q1
- Deficit on goods increases while the services surplus surges.
- Primary income surplus continues to shrink.
- Net direct & portfolio investment grow.
by:Tom Moeller
|in:Economy in Brief
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