- Deficit is highest since October 2022.
- Exports rise modestly while imports surge with increased oil imports.
- Adjusted for inflation, goods trade deficit increases to twelve-month high.
- Goods trade deficit with China narrows but Europe’s deepens sharply.
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| Jun 06 2024U.S. Trade Deficit Increases Sharply in April
by:Tom Moeller
|in:Economy in Brief
USA| Jun 05 2024U.S. ISM Services PMI Strengthens in May to Nine-month High
- Increase reverses April’s sharp decline.
- Business activity index surges while orders & employment rise.
- Prices index slips.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 05 2024ADP Employment Increase Eases; Pay Growth Steadies in May
- Job increase weakest in four months; factory jobs decline.
- Service-sector & construction sector job growth steady & strong.
- Wage growth for “job stayers” steady y/y.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 04 2024U.S. JOLTS: Job Openings Fall Sharply in April
- Openings remain well below 2022 high.
- Hires improve slightly m/m, but are sharply lower y/y.
- Quits rebound.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 04 2024U.S. Energy Prices Fall in Latest Week
- Gasoline & diesel fuel prices continue to weaken.
- Crude oil costs add to earlier declines.
- Natural gas prices fall sharply.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 03 2024U.S. Light Vehicle Sales Improve in May
- Light truck and passenger car sales edge higher.
- Imports' market share declines sharply.
by:Tom Moeller
|in:Economy in Brief
- Index weakens to lowest point in three months.
- Orders & production decline but employment strengthens.
- Price index moderates after earlier strength.
by:Tom Moeller
|in:Economy in Brief
- Spending declines when adjusted for price gain.
- Real disposable income slips.
- Core PCE price index gain eases last month.
by:Tom Moeller
|in:Economy in Brief
- Growth remains slowest since mid-2022.
- Inventories & foreign trade subtract slightly more from growth.
- Moderate rise in domestic final demand gain is lessened.
- Acceleration in price index growth is little changed.
by:Tom Moeller
|in:Economy in Brief
USA| May 30 2024U.S. Pending Home Sales Decline Sharply in April
- Decline brings sales to four-year low.
- Weakness spreads throughout the country.
by:Tom Moeller
|in:Economy in Brief
- Drop in mortgage applications follows three weekly increases.
- Purchase & refinancing applications both decline.
- Effective interest rates move higher.
by:Tom Moeller
|in:Economy in Brief
USA| May 29 2024U.S. Energy Prices are Mixed in Latest Week
- Gasoline & diesel fuel prices ease minimally.
- Crude oil costs decline after stabilizing in the prior week.
- Natural gas prices increase.
by:Tom Moeller
|in:Economy in Brief
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