- Deficit is surprisingly large as petroleum imports surge.
- Goods deficit widens to record, while services surplus was little changed.
- Exports recover half of December’s decline and imports jump.
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| Mar 06 2025
U.S. Trade Deficit Deepens in January to Another Record
by:Tom Moeller
|in:Economy in Brief
- USA| Mar 05 2025
U.S. ISM Services PMI Edges Up in February; Prices Rise
- Total index has trended higher since 2024 low.
- Employment leads upturn; new orders & supplier deliveries edge up.
- Prices Index moves higher.
by:Tom Moeller
|in:Economy in Brief
- USA| Mar 05 2025
U.S. ADP Payroll Gain Slows in February; Pay Growth Is Mixed
- Employment increase is led by goods-sector hiring. Services hiring growth slows.
- Wage growth for “job stayers” is unchanged but diminished for “job changers.”
- Small business hiring declines while medium & large business employment moves up.
by:Tom Moeller
|in:Economy in Brief
- USA| Mar 04 2025
U.S. Energy Prices Decline in Latest Week
- Gasoline prices fall sharply.
- Crude oil prices weaken.
- Natural gas costs decline significantly.
by:Tom Moeller
|in:Economy in Brief
- USA| Mar 03 2025
U.S. Light Vehicle Sales Rebound Modestly in February
- Both light trucks & autos recover part of January decline.
- Domestic sales rise, but import sales are mixed.
- Imports' market share slips further.
by:Tom Moeller
|in:Economy in Brief
- USA| Mar 03 2025
U.S. ISM Manufacturing Index Eases as Prices Surge
- Index suggests modest slowdown.
- New orders, production & employment readings weaken.
- Prices index jumps to highest level in three years.
by:Tom Moeller
|in:Economy in Brief
- Price index held in check by slower gains in services prices.
- Real spending reverses December rise.
- Disposable income surges and savings rate jumps.
by:Tom Moeller
|in:Economy in Brief
- USA| Feb 27 2025
U.S. Pending Home Sales Decline Sharply in January
- Sales decline to record low.
- Home sales fall across much of country.
by:Tom Moeller
|in:Economy in Brief
- USA| Feb 27 2025
U.S. GDP Growth Slowdown Is Unrevised in Q4’24
- Inventory drag on economic growth remains largest in almost two years; net exports add minimally to growth.
- Sharp gain in consumer spending growth is unrevised while business investment declines.
- Price index gain is revised up.
by:Tom Moeller
|in:Economy in Brief
- USA| Feb 26 2025
U.S. New Home Sales Decline in January; Prices Surge
- Sales reverse earlier increase, falling to lowest level in three months. Extremely cold temperatures in much of country may have discouraged home buying.
- Lower sales are posted across the country except the West.
- Median sales price near record.
by:Tom Moeller
|in:Economy in Brief
- Confidence weakens to lowest level since last June.
- Expectations reading falls sharply for third straight month; present situation reading weakens.
- Inflation and interest rate expectations strengthen.
by:Tom Moeller
|in:Economy in Brief
- USA| Feb 25 2025
U.S. Energy Prices Are Mixed in Latest Week
- Gasoline prices dip, reversing previous week’s increase.
- Crude oil prices are little changed.
- Natural gas prices continue to strengthen.
by:Tom Moeller
|in:Economy in Brief
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