Monthly Archives: August 2011

ADP Employment, Consumer Confidence, House Prices, Chicago PMI

                                   Shattered Confidence Casts a Shadow Over Q3 The ADP Employment Report for August showed a lackluster gain of 91,000 private sector jobs. The Conference Board’s Consumer Confidence Index plummeted in August to a depressed 44.5. The Case-Shiller 20-City Composite House … Continue reading

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Michigan economy edges down in June, reports Comerica Bank’s Michigan Economic Activity Index

Comerica Bank’s Michigan Economic Activity Index edged down one point in June, to a level of 86.  The June index level is 15 points, or 21 percent, above the cyclical index low of 71.  Year-to-date, the index has averaged 88 … Continue reading

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July Income and Spending, August Texas MF Index

     Spending Gains Will Boost Q3 GDP, but Are Not Sustainable U.S. Personal Income increased by 0.3 percent in July, supported by rents and dividends. After inflation and taxes, Real Disposable Income declined by 0.1 percent. Personal Consumption Expenditures increased … Continue reading

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Comerica Economic Weekly

In his Jackson Hole speech, Fed Chairman Bernanke offered little to those who hoped for new guidance about monetary policy. Instead, he provided an upbeat assessment of U.S. long-term economic prospects, with one major caveat. He warned that U.S. fiscal … Continue reading

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Bernanke Jackson Hole Speech, Q2 GDP Revision, UI Claims

Bernanke Mum on Policy Options, Q2 GDP Bogged Down, Strikers Blamed for Claims Gains In his speech at Jackson Hole today, Fed Chairman Bernanke offered no new initiatives. Significantly, the upcoming FOMC meeting for Sept. 20 has been extended to … Continue reading

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Texas economy continues upswing in June

Comerica Bank’s Texas Economic Activity Index rose one point in June, to a level of 99. June marks the fourth straight month of increases in the index, with the index flat or increasing for every reading since September 2010. Continue reading

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July Durable Goods Manufacturers, New Home Sales

New Orders Up on Auto and Aircraft Rebound, New Home Sales Sag New Orders for Durable Goods increased by 4.0 percent in July as auto and aircraft orders surged. Ex-Transportation New Orders gained a solid 0.7 percent even as computers … Continue reading

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California economy unchanged in June, reports Comerica Bank’s California Economic Activity Index

Comerica Bank’s California Economic Activity Index was unchanged in June, at a level of 102.  June’s reading is one point below the 104 average for all of 2010, and eight points, or nine percent, above the index cyclical low.  Year-to-date … Continue reading

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Comerica Economic Weekly

This week’s data did little to dispel the ominous sense of deja’ vu that the economy is once again teetering on the brink of recession. The full basket of data does not confirm recession at this time but does support … Continue reading

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July CPI, PPI, Leading Indicators, Existing Home Sales, August UI Claims

Inflation Up, Indicators Up, Home Sales and Labor Data Point the Other Way The Consumer Price Index for July increased by 0.5 percent as gasoline prices rebounded. The Producer Price Index for July gained 0.2 percent, pushed by higher food … Continue reading

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