- General business activity index is weakest since last May.
- Production, shipments & employment deteriorate.
- Price & wage indexes weaken.
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| Jan 29 2024Texas Manufacturing Activity Deteriorates in January
by:Tom Moeller
|in:Economy in Brief
USA| Jan 26 2024U.S. Personal Spending & Income Rise in December
- Real personal spending gains are steady & firm.
- Disposable income edges higher.
- PCE price index resumes upward track.
by:Tom Moeller
|in:Economy in Brief
- Growth in domestic final demand remains firm.
- Foreign trade & inventories add to growth.
- Price index gain recedes by more than half.
by:Tom Moeller
|in:Economy in Brief
USA| Jan 25 2024U.S. New Home Sales Rise as Prices Decline in December
- Gain follows two months of weakening.
- Median sales price falls to two-year low.
- Sales were strong regionally, except in the West.
by:Tom Moeller
|in:Economy in Brief
USA| Jan 24 2024U.S. Mortgage Applications Continue to Increase in Latest Week
- Applications rise to highest level since early-May, 2023.
- Purchase applications move up, but loans to refinance fall.
- Long-term interest rates stay close to seven-month low.
by:Tom Moeller
|in:Economy in Brief
USA| Jan 23 2024U.S. Energy Prices Are Mixed in Latest Week
- Average gasoline prices hold steady.
- Crude oil prices increase.
- Natural gas prices decline.
by:Tom Moeller
|in:Economy in Brief
USA| Jan 22 2024U.S. Leading Economic Indicators Ease in December
- Leading index decline is smallest since March 2022.
- Coincident Indicators increase steadily.
- Lagging Economic Index drop for first time in five months.
by:Tom Moeller
|in:Economy in Brief
USA| Jan 19 2024U.S. Existing Home Sales & Prices Decline in December
- Sales reach lowest level in 13-years.
- Decline is most pronounced in Midwest.
- Home prices fall to nine-month low.
by:Tom Moeller
|in:Economy in Brief
- Fewer single-family starts lead decline; multi-family improves.
- Starts decline through most of country.
- Building permits edge higher.
by:Tom Moeller
|in:Economy in Brief
USA| Jan 17 2024U.S. Retail Sales Strengthen in December; Non-auto Sales Firm
- Strength spans most categories.
- Online buying & clothing store sales log notable gains.
- Gasoline sales fall further with lower prices.
by:Tom Moeller
|in:Economy in Brief
- Increase extends prior month’s gain.
- Prospective buyer traffic is strong.
- Regional changes are mixed.
by:Tom Moeller
|in:Economy in Brief
USA| Jan 16 2024U.S. Empire State Manufacturing Index Collapses in January
- Reading falls 29 points to lowest level since May 2020.
- Component declines are widespread, though employment & price readings move higher.
- Six-month outlook improves again.
by:Tom Moeller
|in:Economy in Brief
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