Monthly Archives: July 2012

Comerica Economic Weekly

Data releases were relatively sparse for the last week of July after a busy schedule for the previous week. The data that did come out did nothing to dispel the gathering gloom about cooler economic conditions both here and abroad. … Continue reading

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Florida Economy Inches Upward in May

Comerica Bank’s Florida Economic Activity Index increased modestly in May, up 0.6 percent to a level of 110.4. The May reading is 30 points, or 37 percent, above the index cyclical low of 80.6. Year-to-date the index has averaged 108, … Continue reading

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June New Home Sales, July Mortgage Apps, Richmond Fed

Home Sales Stumble as Economy Cools New Home Sales for June fell by 8.4 percent, to a 350,000 unit annual sales rate. Mortgage Applications for the week ending July 20 increased slightly, driven by refis. The Richmond Fed’s Manufacturing Activity … Continue reading

Posted in Daily, United States | Comments Off

California Economy Rises in May

Comerica Bank’s California Economic Activity Index rose more than one and a half points to a level of 103.6 in May. May’s reading is 30 points, or 42 percent, above the index cyclical low of 73.2. Year-to-date the index has … Continue reading

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Texas Economy Expands in May

Comerica Bank’s Texas Economic Activity Index rose 1.4 percentage points in May, to a level of 98.9. The May index reading is 27 points, or 38 percent, above the index cyclical low of 71.7. The index has averaged 97 points … Continue reading

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Michigan Economy Grows in May

Comerica Bank’s Michigan Economic Activity Index jumped 1.9 points in May, to a level of 103.9. The May index reading is 44 points, or 73 percent, above the index cyclical low of 59.9. The index has averaged 102 points in … Continue reading

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Comerica Economic Weekly

This week’s crop of data was mixed, but consistent with a slow-growth U.S. economy. U.S. retail sales fell for the third consecutive month in June, the first time that has happened since late 2008. This is a definite warning sign … Continue reading

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June Existing Home Sales, Leading Index, July Philly Fed, UI Claims

A Pile of Soft Data Consistent with a Cooler Economy Existing Home Sales for June unexpectedly fell by 5.4 percent, to a 4.37 million unit sales rate. The Leading Economic Index for June decreased by 0.3 percent, weighed down by … Continue reading

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June Residential Construction, July Mortgage Apps, Beige Book

Housing Turns the Corner, Are Gains Sustainable? Housing Starts for June increased by 6.9 percent to a 760,000 unit annual rate. June Permits for new residential construction decreased by 3.7 percent to a 755,000 unit rate. Mortgage Applications for the … Continue reading

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June Consumer Prices, Industrial Production, July NAHB Survey, Bernanke Testimony

 Energy Flattens Consumer Prices, Manufacturing Output Solid, Builders Good, Bernanke Dour The June Consumer Price Index was unchanged as energy prices eased for the third straight month. The June core CPI increased by 0.2 percent for the fourth consecutive month. … Continue reading

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