Monthly Archives: August 2012

Comerica Economic Weekly

In his highly anticipated speech this morning in Jackson Hole, Wyoming, Federal Reserve Chairman Ben Bernanke justified the Fed’s use of nontraditional monetary policy while acknowledging that there were potential risks. The chairman admitted that both the benefits and the … Continue reading

Posted in General, United States, Weekly | Comments Off

Florida Economy Dips in June

Comerica Bank’s Florida Economic Activity Index fell more than two points in June, dipping 2.2 percent to a level of 108.1. The June index reading is 28 points, or 34 percent, above the index cyclical low of 80.6. Year-to-date the … Continue reading

Posted in Economic Activity, Florida, Indices | Comments Off

July Income and Spending, August UI Claims

Cool Inflation Boosts Real Income, Consumers Spend It U.S. Personal Income increased by 0.3 percent in July, as it did in May and June. Personal Consumption Expenditures were up by 0.4 percent after inflation, a solid start to Q3. The … Continue reading

Posted in Daily, General, United States | Comments Off

Arizona Economy Ticks Up in June

Comerica Bank’s Arizona Economic Activity Index rose 1.1 percentage points in June, increasing to a level of 86.3.  The June reading is 15 points, or 22 percent, above the index cyclical low of 71.0.  Year-to-date the index has averaged 84 … Continue reading

Posted in Arizona, Economic Activity, Indices | Comments Off

June Home Prices, Consumer Confidence, Q2 GDP 2nd Estimate, Beige Book

House Prices Gain but Confidence Stumbles The Case-Shiller 20-City House Price Index increased by 0.9 percent in June. The Conference Board’s Consumer Confidence Index declined in August to 60.6 percent. Real Gross Domestic Product growth for 2012Q2 was revised up … Continue reading

Posted in Daily, United States | Comments Off

California Economy Flat in June

Comerica Bank’s California Economic Activity Index was essentially flat in June, edging 0.2 points lower, to a level of 103.4. June’s reading is 30 points, or 41 percent, above the index cyclical low of 73.2. Year-to-date the index has averaged … Continue reading

Posted in California, Economic Activity, Indices | Comments Off

Michigan Economy Accelerates in June

Comerica Bank’s Michigan Economic Activity Index jumped 2.0 points in June, spiking to a level of 105.9. The June index reading is 46 points, or 77 percent, above the index cyclical low of 59.9. The index has averaged 102 points … Continue reading

Posted in Economic Activity, Indices, Michigan | Comments Off

Texas Economy Resets in June

Comerica Bank’s Texas Economic Activity Index declined by 0.4 points in June, to a level of 98.5. The June index reading is 27 points, or 37 percent, above the index cyclical low of 71.7. The index has averaged 97 points … Continue reading

Posted in Economic Activity, Indices, Texas | Comments Off

Phoenix Rebounding on High Tech Manufacturing

Phoenix’s unemployment continued to drop in the second quarter, down to 7.2 percent. This puts the area’s unemployment rate well-below the July national rate of 8.3 percent. Payroll job growth in Phoenix has also been outpacing the nation, expected to … Continue reading

Posted in Arizona, Phoenix, Quarterly Briefs, Regional Updates | Comments Off

Multifamily Boom, Trade and Tourism Spurring Miami Growth

Following a year-end spike in employment in 2011, Miami payrolls paid back some of their gains, declining by 0.8 percent in the second quarter of 2012. Miami unemployment declined by 0.7 percent between the first and second quarters of 2012, … Continue reading

Posted in Florida, Miami, Quarterly Briefs, Regional Updates | Comments Off