Monthly Archives: September 2012

Comerica Economic Weekly

U.S. data from the third week of September was mixed, indicative of an economy pulled in several directions at once. In particular, consumer spending, representing more than two-thirds of U.S. gross domestic product, remains disjointed. Improving credit availability is fueling … Continue reading

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August Income/Spending, Durable Goods, Sept. UI Claims, Q2 GDP

Household Credit Is Spurring Growth, Threatened by Stalled Income and the Fiscal Cliff U.S. Personal Income increased by 0.1 percent nominally in August, matching the weak July gain. Real Disposable Personal Income fell by 0.3 percent, weighed down by inflation … Continue reading

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Arizona Economy Expands in July

Comerica Bank’s Arizona Economic Activity Index increased by 0.5 percentage points in July, rising to a level of 86.8.  The July index reading is 16 points, or 22 percent, above the index cyclical low of 71.0.  Year-to-date the index has … Continue reading

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August New Home Sales, July Case-Shiller HPI, Sept. Cons. Confidence, Mortg. Apps

Housing, Regional Manufacturing, Consumers Remain Firm New Home Sales for August were essentially flat, easing 0.3 percent, to a 373,000 unit annual rate. The Case-Shiller 20-City Composite House Price index increased by 1.6 percent in July. Mortgage Applications for the … Continue reading

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Florida Economy Weakens in July

Comerica Bank’s Florida Economic Activity Index declined for the second month, falling 0.6 points in July, to a level of 107.5. The July index reading is 27 points, or 33 percent, above the index cyclical low of 80.6. Year-to-date the … Continue reading

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California Economy Grows in July

Comerica Bank’s California Economic Activity Index rose nearly two points in July, increasing by 1.8 points, to a level of 105.2. July’s reading is 32 points, or 44 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 July

Comerica Bank’s Texas Economic Activity Index rose 0.5 points in July, increasing to a level of 99.0. The July 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 Picks Up Speed in July

Comerica Bank’s Michigan Economic Activity Index surged ahead by 2.0 points in July, rising to a level of 107.9. The July index reading is 48 points, or 88 percent, above the index cyclical low of 59.9. The index has averaged … Continue reading

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Comerica Economic Weekly

The U.S. economy appears disjointed. Consumers are showing remarkable strength, buying houses, cars and iPhones. However, manufacturing and a broad swath of the service sector is stalled as global risk factors seem to increase daily and we march steadily toward … Continue reading

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August Leading Indicators, September UI Claims, Regional Fed Surveys

A Bifurcated Economy: U.S. Households Versus the World The Leading Economic Index for August decreased by 0.1 percent as manufacturing indicators cooled. Initial Claims for Unemployment Insurance declined by 3,000 for the week ending September 15. Both the New York … Continue reading

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