Monthly Archives: May 2012

Q1 GDP 2nd Estimate, May ADP Employment, UI Claims, March House Prices

Soft Numbers Point to Sluggish Start for the Summer Real Gross Domestic Product growth for 2012Q1 was reduced to 1.9 percent in the second estimate. The ADP Employment Report showed an increase of 133,000 private-sector jobs for May. Initial Claims … Continue reading

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Comerica Economic Weekly

Economic data remains choppy, showing signs of a qualitative shift in the U.S. economy.  Main-Street-level indicators are showing improvement — housing, auto sales, unemployment insurance claims, gasoline prices. But higher-level macro-economic indicators are showing some strain. So we can see … Continue reading

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Texas Economy Grows in March

Comerica Bank’s Texas Economic Activity Index increased one point in March, rising to a level of 97.0. The March index reading is 25 points, or 35 percent, above the index cyclical low of 71.7. The index averaged 96 points in … Continue reading

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California Economy Ticks Up in March

Comerica Bank’s California Economic Activity Index broke a streak of flat readings in March, rising nearly two points to a level of 101.0. March’s reading is 28 points, or 38 percent, above the index cyclical low of 73.2. Year-to-date the … Continue reading

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Florida Economy Rises in March

Comerica Bank’s Florida Economic Activity Index increased in March, rising four points to a level of 109.5. The March index reading is 29 points, or 36 percent, above the index cyclical low of 80.6. The index averaged 107 in the … Continue reading

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April Existing Home Sales, Fed Surveys

The Gradual Firming in Housing Is Building a Floor for the Economy Existing Home Sales for April increased by 3.4 percent, to a 4.62 million unit sales rate. The Richmond Fed’s Survey of Manufacturing Conditions for May showed gains in … Continue reading

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Michigan Index Dips Slightly in March

Comerica Bank’s Michigan Economic Activity Index dipped slightly in March, declining half of a percentage point to 101.7. The March index reading is 42 points, or 70 percent, above the index cyclical low of 59.9. The index averaged 101 points … Continue reading

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Auto Affordability Down Slightly in First Quarter

The purchase and financing of an average-priced new vehicle took 23.2 weeks of median family income in the first quarter of 2012. Consumers on average spent $300 more (an increase of 1.2 percent) on new cars in the first quarter … Continue reading

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Comerica Economic Weekly

Data was choppy this week. The Conference Board’s Leading Economic Index for the U.S. declined by 0.1 percent in April, marking the first drop in seven months. Industrial production for April increased by 1.1 percent after declining by 0.6 percent … Continue reading

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April Leading Indicators, Starts, Production, Prices, May UI Claims

Choppy Data and Risk Factors Increase Odds of More Fed Action The Leading Economic Index for April declined by 0.1 percent in April, the first dip since last September. Housing Starts increased in April by 2.6 percent to a 717,000 … Continue reading

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