- Motor vehicle orders move up, but aircraft orders decline.
- Excluding transportation, orders increase modestly.
- Durable goods shipments are strong; inventories & backlogs edge higher.
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| May 24 2024U.S. Durable Goods Orders Unexpectedly Rise in April
by:Tom Moeller
|in:Economy in Brief
USA| May 23 2024U.S. New Home Sales Decline in April
- Sales are down versus early last year.
- Regional sales are mixed.
- Median sales price eases
by:Tom Moeller
|in:Economy in Brief
- Index is lowest since January.
- Component declines are broad-based.
by:Tom Moeller
|in:Economy in Brief
USA| May 22 2024U.S. Existing Home Sales Weaken in April
- Sales decline to three-month low.
- Home prices continue to strengthen.
- Sales decline throughout country.
by:Tom Moeller
|in:Economy in Brief
- Mortgage applications post third straight weekly increase.
- Purchase applications fall while refinancing applications rise.
- Effective interest rates decline to six-week low.
by:Tom Moeller
|in:Economy in Brief
USA| May 21 2024U.S. Energy Prices Are Mixed in Latest Week
- Gasoline & diesel fuel prices continue to fall.
- Crude oil costs stabilize after prior week’s decline.
- Natural gas prices strengthen for fourth straight week.
by:Tom Moeller
|in:Economy in Brief
USA| May 20 2024NABE Forecast of Slower Growth in 2025 is Little Changed
- Consumer & government spending growth should moderate next year.
- Housing activity & vehicle sales are projected to improve.
- Price inflation is forecast to decline in 2025 after slowing this year.
by:Tom Moeller
|in:Economy in Brief
USA| May 17 2024U.S. Leading Economic Indicators Fall Sharply in April
- Leading index decline is largest in six months.
- Coincident Indicators continue to increase moderately.
- Lagging index strengthens after holding steady.
by:Tom Moeller
|in:Economy in Brief
- Single-family starts decline but multi-family surge.
- Starts are mixed throughout the country.
- Building permits fall to lowest level in over one year.
by:Tom Moeller
|in:Economy in Brief
USA| May 16 2024U.S. Import & Export Prices Strengthen in April
- Import prices rise for fourth consecutive month.
- Excluding fuels, import prices edge up for sixth straight month.
- Export price gain improves.
by:Tom Moeller
|in:Economy in Brief
- Transportation costs surge, while shelter prices increase steadily.
- Goods price pressure weakens further.
- Energy prices move higher but food prices hold steady.
by:Tom Moeller
|in:Economy in Brief
USA| May 15 2024U.S. Home Builder Index Declines Sharply in May
- Current & future readings fall meaningfully.
- Prospective home buyer traffic is depressed.
- Regional declines are broad-based.
by:Tom Moeller
|in:Economy in Brief
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