- Durable goods inventories hold steady, while nondurables ease.
- Sales move broadly lower.
- Inventory-to-sales ratio climbs to three-year high.
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 08 2023U.S. Wholesale Inventories Are Little Changed in March
by:Tom Moeller
|in:Economy in Brief
- Payroll gain in April follows shaved estimates in prior two months.
- Earnings growth accelerates.
- Jobless rate falls and remains near 50-year low.
by:Tom Moeller
|in:Economy in Brief
USA| May 04 2023U.S. Trade Deficit Narrows in March
- Deficit is lowest in four months.
- Exports strengthen while imports ease.
- Goods trade deficit shrinks; services surplus steadies.
by:Tom Moeller
|in:Economy in Brief
USA| May 04 2023U.S. Initial Claims for Unemployment Insurance Rise
- Initial claims remain higher than January.
- Continuing claims ease.
- Insured unemployment rate declines.
by:Tom Moeller
|in:Economy in Brief
USA| May 03 2023ADP Employment Strengthens but Earnings Slow in April
- Private payrolls double March gain.
- Job strength includes leisure, education & health services industries.
- Pay increases continue to moderate.
by:Tom Moeller
|in:Economy in Brief
USA| May 02 2023U.S. Light Vehicle Sales Surge During April
- Sales rise to roughly two-year high.
- Light truck & auto sales strengthen.
- Imported vehicle sales rise moderately.
by:Tom Moeller
|in:Economy in Brief
USA| May 02 2023JOLTS: Job Openings Continue to Fall in March
- Openings level is lowest in nearly two years.
- Declines are widespread.
- Hiring declines are mixed amongst industries.
- Layoffs & discharges surge.
by:Tom Moeller
|in:Economy in Brief
USA| May 02 2023U.S. Gasoline & Crude Oil Prices Decline
- Retail gasoline prices weaken.
- Crude oil prices decline to four-week low.
- Natural gas prices steady.
by:Tom Moeller
|in:Economy in Brief
USA| May 01 2023U.S. ISM Manufacturing Index Improves in April
- Index recovers a bit after hitting three-year low.
- Employment, new orders & production improve.
- Pricing power hits nine-month high.
by:Tom Moeller
|in:Economy in Brief
USA| May 01 2023U.S. Construction Spending Rebounds in March
- Residential building continues to decline.
- Nonresidential building moves up for third straight month.
- Public sector building growth slows.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 28 2023U.S. Chicago Business Barometer Strengthens in April
- Index surges to eight-month high.
- Employment, production & new orders lead improvement.
- Prices paid index also increases moderately.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 28 2023U.S. Consumer Spending Unexpectedly Holds Steady in March
- Spending on goods declines; services increase.
- Real disposable income improves.
- Core price inflation weakens further.
by:Tom Moeller
|in:Economy in Brief
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