Monthly Archives: August 2012

July Residential Construction, August UI Claims, Regional Fed Surveys

Permits Hit Post-Recession High, Labor Data Positive, Regional Fed Surveys Not Housing Starts for July decreased by 1.1 percent to a 746,000 unit annual rate, after a strong June. July Permits for new residential construction increased by 6.8 percent to … Continue reading

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July Consumer Prices, Industrial Production, August Mortgage Apps, NAHB Survey

Consumer Prices Flat but the Sky is Not Falling The July Consumer Price Index was unchanged as energy prices eased for the fourth straight month. The June core CPI increased by 0.1 percent as new and used vehicle prices fell. … Continue reading

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July Retail Sales, Producer Prices, June Business Inventories

Consumers Perk Up After 3-Month Snooze, Energy Prices Skewed Data July Retail Sales increased by 0.8 percent, reversing a three-month decline. Ex-auto Retail Sales also increased by 0.8 percent with gains in all major categories. The Producer Price Index for … Continue reading

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Comerica Economic Weekly

After a string a soft economic reports through mid-summer we are starting to see some more positive developments, at least for the U.S. The U.S. international trade gap for June narrowed more than expected to -$42.9 billion. This is important … Continue reading

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June International Trade, Consumer Credit, August UI Claims

             Trade Gap Narrows, Points to Upward Revision to Q2 GDP, Claims Improving The U.S. International Trade gap narrowed more than expected in June to -$42.9 billion. The trade numbers imply an upward revision to Q2 real GDP growth of … Continue reading

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Is the U.S. Expansion Durable? Data Says Yes, For Now

The U.S. economy added 163,000 new payroll jobs on net in July, exceeding consensus expectations. That was the good news in the July employment report. The bad news came from the separate household survey of employment, which determines the unemployment … Continue reading

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Comerica Economic Weekly

U.S. economic data from the end of July/early August was below potential but not bad enough to call in the cavalry. The U.S. economy added 163,000 new payroll jobs on net in July, exceeding consensus expectations. That’s the good news. … Continue reading

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July U.S. Employment, ISM Non-Manufacturing Index

Payroll Jobs Beat Expectations but Unemployment Rate Increases to 8.3 Percent The July Payroll Employment Survey showed a better-than-expected gain of 163,000 jobs for the month. The Unemployment Rate for July increased to 8.3 percent as the household employment survey … Continue reading

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Arizona Economy Slips Slightly in May

Comerica Bank’s Arizona Economic Activity Index fell 0.3 points in May to a reading of 85.2 The May reading is 14 points, or 20 percent, above the index cyclical low of 71.0.  Year-to-date the index has averaged 84 points, six … Continue reading

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