Monthly Archives: February 2012

Q4 GDP Revision and House Prices, Jan. Durable Goods, Feb. Confidence

Upward Revision for 2011Q4 GDP to 3.0 Percent Real Gross Domestic Product for 2011Q4 was revised up to a 3.0 percent annual rate. New Orders for Durable Goods in January fell by 4.0 percent; losses were broad-based. The Conference Board’s … Continue reading

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Comerica Economic Weekly

It was a light week for data. The main additions were new and existing home sales for January. Residential real estate markets tightened up in January, very good news, as both new and existing home sales showed improvement. Existing home … Continue reading

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January New and Existing Home Sales, February UI Claims

Home Sales Warming Up, Catalyzed by Job Growth, Prices Still Soft Existing Home Sales for January increased by 4.3 percent, up to a 4.57 million unit sales rate. The Median Sales Price for an existing home was down 2.0 percent … Continue reading

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Comerica Economic Weekly

U.S. economic data continue to show moderately improving conditions, while data for the Euro-zone are going the other way. So far the two economies appear to be de-coupled, when in fact they are not. A hard recession in the southern … Continue reading

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January Retail Sales, Import Prices, December Inventories

Sales So-So, Prices Pick Up, Inventories Increase, On Track for Modest Growth Retail Sales for January increased by 0.4 percent. Ex-auto Retail Sales increased by 0.7 percent. Retail Sales of motor vehicles and parts dropped by 1.1 percent, even as … Continue reading

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Auto Affordability Improves in Fourth Quarter 2011

The purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the fourth quarter of 2011, the best affordability reading since the third quarter of 2009. Consumers on average spent $1,050 less (a decrease … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. data, with nothing to alter the view that the U.S. economy is firming and the Eurozone economy is stumbling. The U.S. international trade gap widened again in December to -$48.8 billion. The inflation-adjusted … Continue reading

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December International Trade, February UI Claims

                                           U.S. Labor Data So Far Resistant to Euro Drag The U.S. International Trade gap widened in December to -$48.8 billion on strong import growth. Merchandise exports to the Eurozone increased by $0.8 billion in December. The December trade numbers imply … Continue reading

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U.S. Economic Update, February 2012

Global Muddling U.S. economic data through January were generally favorable.  Momentum from the 2.8 percent real GDP growth rate of 2011Q4 appears to be carrying through to early 2012. The U.S. economy is generating jobs and the unemployment rate is … Continue reading

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Comerica Economic Weekly

It was another good week for U.S. economic data, ending on a high note with a solid jobs number for January. Job growth in January showed a robust gain of 243,000 payroll jobs for the month, well above the consensus … Continue reading

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