Monthly Archives: April 2012

Houston Rides the Energy Wave

Houston continues to add jobs and new enterprises at a robust clip, fueled by very active global energy markets.  Recently higher oil prices have added to the push for petroleum.  Very low natural gas prices are the flip side of … Continue reading

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California Economy Flat in February

Comerica Bank’s California Economic Activity Index was flat for the seventh straight month in February, at a level of 99. February’s reading is 36 percent, or 26 points, above the index cyclical low of 73.  Year-to-date the index is even … Continue reading

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Texas Economy Expands in February

Comerica Bank’s Texas Economic Activity Index rose two points in February, to a level of 96.  February’s reading is 24 points, or 33 percent, above the index cyclical low of 72. February marks the highest index reading since October 2008. … Continue reading

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Comerica Economic Weekly

Deja vu all over again? Last spring Federal Reserve Chairman Bernanke used the term “transient factors” to describe the reasons for cooler than expected economic growth.  This spring we see that transient factors are again responsible for weak data. Unseasonably … Continue reading

Posted in United States, Weekly | Comments Off

March Existing Home Sales, Leading Indicators, April UI Claims

Low Growth Economy Still Vulnerable to “Transient Factors” and Some Not So Transient Existing Home Sales for March decreased by 2.6 percent, to a 4.48 million unit sales rate. The Conference Board’s Leading Economic index increased by 0.3 percent in … Continue reading

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March Residential Construction, Industrial Production

Housing Takes Two Steps Forward and One Step Back, Production Just Goes Sideways Housing Starts for March decreased by 5.8 percent to a 654,000 unit annual rate. Permits for new residential construction increased by 4.5 percent to a 747,000 unit … Continue reading

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March Retail Sales, February Inventories

Shoppers Forge Ahead, Warmed by Early Spring Retail Sales for March increased by 0.8 percent. Ex-auto Retail Sales also increased by 0.8 percent. Retail Sales of motor vehicles and parts gained 0.9 percent, even as reported unit sales decreased. Business … Continue reading

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Comerica Economic Weekly

Prices and international trade were the important data points for the week, and both sets of data show the game-changing potential of energy in America’s economic future. Overall consumer prices for March were about as expected, increasing by 0.3 percent … Continue reading

Posted in General, United States, Weekly | Comments Off

March Consumer Price Index

 Energy, Inflation and the Economy, The Times They Are A Changing The March Consumer Price Index increased by 0.3 percent, less than February’s 0.4 percent gain. The core CPI increased by 0.2 percent, and is up 2.3 percent over the … Continue reading

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February International Trade, March Producer Prices, April UI Claims

                                    Mixed Bag of Data Tilts in the Direction of More QE The U.S. International Trade gap narrowed in February to -$46.0 billion as imports declined. The Producer Price Index for March was unchanged. The core PPI gained 0.3 percent. … Continue reading

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