Monthly Archives: October 2012

California Economy Dips in August

Comerica Bank’s California Economic Activity Index dipped 0.5 percentage points in August, declining to a level of 104.7. August’s reading is 32 points, or 43 percent, above the index cyclical low of 73.2. Year-to-date the index has averaged 102, three … Continue reading

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September Income and Spending

Income Increases the Most Since March, Nullified by Inflation U.S. Personal Income increased by 0.4 percent nominally in September, boosted by proprietors. Real Disposable Personal Income was unchanged in September as energy prices increased. September Personal Consumption Expenditures were up … Continue reading

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Florida Economy Inches Forward in August

Comerica Bank’s Florida Economic Activity Index rose 0.9 percentage points in August, to a level of 108.5 The August index reading is 28 points, or 35 percent, above the index cyclical low of 80.6. Year-to-date the index has averaged 108, … Continue reading

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Michigan Economic Index Dips in August

Comerica Bank’s Michigan Economic Activity Index dipped in August, declining 1.2 points, to a level of 106.6. The August index reading is 47 points, or 78 percent, above the index cyclical low of 59.9. The index has averaged 104 points … Continue reading

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Comerica Economic Weekly

At the end of October, it is becoming increasingly evident that the U.S. economy is being pulled in several directions at once. Consumers are feeling increasingly confident, buying houses, automobiles and other items with cheap credit. However, businesses are growing … Continue reading

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Q3 GDP Advance Estimate

A Little More Momentum in Q3 as GDP Increases by a Tepid 2% Real Gross Domestic Product increased by a 2.0 percent annualized rate in the third quarter of 2012. Consumer Expenditures added to headline GDP growth, gaining 2.0 percent … Continue reading

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Texas Index Edges Lower in August

Comerica Bank’s Texas Economic Activity Index dipped 0.3 points in August, to a level of 98.7. The August index reading is 27 points, or 38 percent, above the index cyclical low of 71.7. The index has averaged 98 points thus … Continue reading

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Comerica Economic Weekly

We have had a spate of noisy data, beginning with the large downward revision of Q2 real GDP growth to 1.3 percent. Then we had a major decline in September’s unemployment rate to 7.8 percent. We also saw house starts … Continue reading

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September Existing Home Sales, Leading Indicators, October UI Claims

The Noise! Noisy Data Still Consistent with Improving Trend  Existing Home Sales for September dipped by 1.7 percent, to a 4.75 million unit annual rate. The Leading Economic Index for September increased by 0.6 percent, after falling in August. Initial … Continue reading

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September Residential Construction, Retail Sales, CPI, IP/CU

More Momentum in Housing, Other Data Support Moderate Gains in Q3 Housing Starts for September increased sharply by 15.0 percent to an 872,000 unit annual rate. September Permits for new residential construction jumped by 11.6 percent to an 894,000 unit … Continue reading

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