Monthly Archives: June 2012

Texas Economy Rises in April

Comerica Bank’s Texas Economic Activity Index rose half of a percentage point in April, to a level of 97.5. The April index reading is 26 points, or 36 percent, above the index cyclical low. The index has averaged 96 points … Continue reading

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Comerica Economic Weekly

U.S. economic data point to a downshift in momentum beginning in March. Some of the March-June slowdown can be attributed to weather given that unusually mild winter weather coincided with stronger U.S. data from December through February. However, that looks … Continue reading

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May Industrial Production, Consumer Prices, June UI Claims

Soft U.S. Data and Euro-mess Greet Fed at Upcoming Meeting Industrial Production for May decreased by 0.1 percent, the second drop in the last three months. The Consumer Price Index for May decreased by 0.3 percent as energy prices fell. … Continue reading

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May Retail Sales, Producer Prices, NFIB Survey

Falling Energy Prices Weigh on PPI and Sales, Small Businesses Doing OK Retail Sales for May decreased by 0.2 percent. Ex-auto Retail Sales decreased by 0.4 percent. The May Producer Price Index for Finished Goods fell by 1.0 percent. Core … Continue reading

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Arizona Economy Expands in March

Comerica Bank’s Arizona Economic Activity Index rose roughly one point in March, to a level of 84.3. The March reading is 13 points, or 19 percent, above the index cyclical low of 71.0.  Year-to-date the index has averaged 83 points, … Continue reading

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Hiring Downshift Saps Momentum Heading Into Summer

The May employment data confirms a downshift in hiring that began in March.  Increasing anxiety over an uncertain global economic environment is taking a toll on fledgling animal spirits. Higher gasoline prices earlier in the year, the crisis in the … Continue reading

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Comerica Economic Weekly

This week’s economic data showed that the U.S. economy is vulnerable to a combination of exogenous drags and potential self-inflicted wounds despite a visible endogenous growth story. The May employment data confirms a downshift in hiring that began in March.  … Continue reading

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May U.S. Employment, Mfg PMI, April Income, Construction Spending

Jobs Downshift Confirmed, Limping Through the Second Quarter The May Payroll Employment Survey increased by a weak 69,000 jobs for the month. The Unemployment Rate ticked up to 8.2 percent as the labor force increased substantially by 642,000. Personal Income … Continue reading

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