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Monthly Archives: January 2012
2011Q4 GDP, Dec. New Home Sales, Durable Goods Orders, Jan. UI Claims
Dour Fed and Q4 GDP Miss: Dialing Down Recent Optimism Real Gross Domestic Product for 2011Q4 increased at a weaker-than-expected 2.8 percent annual rate. New Home Sales for December decreased by 2.2 percent to a 307,000 unit annual rate. New … Continue reading
Posted in Daily, United States
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FOMC Policy Announcement
The “Extended Period” Is Extended According to today’s FOMC policy announcement, Fed policy will remain unchanged from December 13. However, the FOMC extended its zero interest rate policy through late-2014. U.S. economic conditions improved moderately through late 2011. Inflation has … Continue reading
Posted in Daily, General, United States
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Comerica Economic Weekly
The run of good U.S. economic data continued through mid-January, reducing the likelihood of new quantitative easing by the Federal Reserve. Total U.S. industrial production increased by 0.4 percent in December after falling by 0.3 percent in November. Part of … Continue reading
Posted in General, United States, Weekly
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December Consumer Price Index, Housing Starts, January UI Claims
No Inflation, Decent Starts, Magical Claims The December Consumer Price Index was again unchanged for the month. The core CPI gained just 0.1 percent in December, and is up 2.2 percent over the last year. Housing Starts for December were … Continue reading
Posted in Daily, United States
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Dec. Industrial Production, Producer Prices, Jan. Mortgage Apps
Production Bounced Back in December, Prices Flat, Apps Up! Industrial Production for December increased by 0.4 percent after falling 0.3 percent in November. The Producer Price Index for December decreased by 0.1 percent as energy prices fell. The core PPI … Continue reading
Posted in Daily, United States
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Comerica Economic Weekly
The U.S. international trade gap widened in November to -$47.8 billion as higher prices for crude oil pushed imports up while exports cooled down. Exports dipped by $1.5 billion for the month, with weaker sales of industrial supplies and materials. … Continue reading
Posted in General, United States, Weekly
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November International Trade, January Consumer Sentiment
Trade Gap Widens on Higher Oil Prices The U.S. International Trade gap widened in November to -$47.8 billion. Exports to Europe are showing signs of weakening. Exports to the EU dipped by $1.4 billion in November. The wider trade … Continue reading
Posted in Daily, United States
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December Retail Sales, January UI Claims
Spending Sputters, Claims Climb, the Parade of Good Data Pauses Retail Sales for December increased by a weak 0.1 percent. November was revised up to 0.4 percent. December Ex-auto Retail Sales decreased by 0.2 percent. Motor Vehicle sales gained 1.5 … Continue reading
Posted in Daily, United States
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U.S. Economic Update, January 2012
2012: A Pivotal Year 2012 will prove to be a pivotal year for the U.S. economy. Much will be decided in 2012 and much will change. Regardless of which way the winds of change blow, the end of the year … Continue reading
Posted in General, Monthly, United States
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Comerica Economic Weekly
The news continues to be good for the domestic economy. 2011Q4 real GDP growth will be in the range of 3.5 percent. Momentum in the private sector at the end of 2011 will spill over into the current first quarter … Continue reading
Posted in General, United States, Weekly
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