Monthly Archives: March 2012

Comerica Economic Weekly

The personal income and spending report for February delivered some good news supportive of 2012Q1 real GDP growth as consumer spending increased by 0.5 percent after inflation. The not so good news is that real disposable income (after taxes and … Continue reading

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California Economy Unchanged in January

Comerica Bank’s California Economic Activity Index held flat for the sixth straight month in January, at a level of 99.  January’s reading is 36 percent, or 26 points, above the index cyclical low of 73.  The index is even with … Continue reading

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Q4 GDP, Jan. House Prices, Feb. Durable Goods, March Claims and Apps

Growth Story Unchallenged by Recent Data, but Also Unbolstered Real Gross Domestic Product growth for 2011Q4 was unchanged in the third estimate at 3.0 percent. The Case-Shiller 20-City House Price Index was unchanged in January, down 3.8 percent year-to-year. February … Continue reading

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Michigan Index Jumps in January

Comerica Bank’s Michigan Economic Activity Index rose seven points in January, up to a level of 98.  The January index level is 38 points, or 63 percent, above the index cyclical low of 60. January marks the highest index reading … Continue reading

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Texas Economy Advanced in January

Comerica Bank’s Texas Economic Activity Index rose one point in January, to a level of 94.  January’s reading is 22 points, or 31 percent, above the index cyclical low of 72. The January index level is up four points from … Continue reading

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Comerica Economic Weekly

It was housing data week. Even though builder confidence was unchanged in March, according to the National Association of Home Builders, we have good reason to expect that the overall improving trend in residential construction will continue. Housing starts in … Continue reading

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February New and Existing Home Sales, Leading Indicators, March UI Claims

Home Sales Struggle For Lift, Prices Firming, Leading Indicators Say Lift Is Coming Existing Home Sales for February decreased by 0.9 percent, to a 4.59 million unit sales rate. New Home Sales for February fell by 1.6 percent, to a … Continue reading

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February Residential Construction

Increase in Permits Shows Improving Conditions for House Builders Housing Starts for February decreased mildly by 1.1 percent to a 698,000 unit annual rate. Permits for new residential construction increased by 5.1 percent to a 717,000 unit rate. Builder Confidence … Continue reading

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Comerica Economic Weekly

Inflation heated up in February as petroleum prices climbed on geopolitical tensions. Global spare production capacity remains tight due to civil unrest in the Middle East and North Africa. Added to that pressure are U.S. and European sanctions against Iran … Continue reading

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February CPI, PPI, IP/CU

Oil Prices Stoke Inflation, Production Waffles with Warm Weather The December Consumer Price Index increased by 0.4 percent, as gasoline gained 6.0 percent. The core CPI gained just 0.1 percent in December, and is up 2.2 percent over the last … Continue reading

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