Monthly Archives: November 2012

Q3 GDP Revision, November UI Claims, October New Home Sales

Q3 Real GDP Growth Revised Up to 2.7 Percent Real Gross Domestic Product increased by a 2.7 percent annualized rate in the third quarter of 2012. The upward revision from the first estimate of 2.0 percent growth was a result … Continue reading

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Arizona Economy Expands in September

Comerica Bank’s Arizona Economic Activity Index increased by 0.9 percentage points in September, rising to a level of 87.7. The September index reading is 17 points, or 24 percent, above the index cyclical low of 71.0. Year-to-date the index has … Continue reading

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October Durable Goods, Nov. Consumer Confidence, Sept. House Prices, Regional Fed Surveys

 Muddy Data Suggest Economy Growing Modestly Through Q4 October New Orders for Durable Goods were unchanged, after gyrating in August and September. The Conference Board’s Consumer Confidence Index increased in November, up to 73.7. The Case-Shiller 20-City Composite House Price … Continue reading

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Texas Index Up Slightly in September

Comerica Bank’s Texas Economic Activity Index ticked up 0.2 points in September, to a level of 98.9. The September index reading is 27 points, or 38 percent, above the index cyclical low of 71.7. The index has averaged 98 points … Continue reading

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Florida Economy Rockets Up in September

Comerica Bank’s Florida Economic Activity Index rose 3.1 percentage points in September, to a level of 111.6. The September index reading is 31 points, or 38 percent, above the index cyclical low of 80.6. Year-to-date the index has averaged 108, … Continue reading

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California Economy Declines in September

Comerica Bank’s California Economic Activity Index dipped 0.5 percentage points in September, declining to a level of 104.2. September’s reading is 31 points, or 42 percent, above the index cyclical low of 73.2. Year-to-date the index has averaged 102, three … Continue reading

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Michigan Economic Index Drifts Lower in September

Comerica Bank’s Michigan Economic Activity Index declined in September, dropping 3.3 points, to a level of 103.3. The September index reading is 43 points, or 72 percent, above the index cyclical low of 59.9. The index has averaged 104 points … Continue reading

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Mild Acceleration in Economy Dampened by Fiscal Cliff, Hurricane Sandy

The U.S. economy accelerated mildly from a weak 1.3 percent real GDP growth rate in Q2 to 2.0 percent in Q3.  Consumer spending increased, and so did federal government spending. The fly in the ointment came in the form of … Continue reading

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Comerica Economic Weekly

Economic data at the start of November are generally favorable. Hurricane Sandy delivered a devastating blow to coastal communities from Virginia through Connecticut. Damage totals could reach $50 billion, making it the second most costly storm in history, after Hurricane … Continue reading

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October U.S. Employment, Vehicle Sales, ISM Manufacturing

Jobs Data Disconnect, Round 2: Payrolls Up, So Is Unemployment Rate to 7.9 Percent The October Payroll Employment Survey showed a gain of 171,000 jobs, beating consensus expectations. The Unemployment Rate for October increased to 7.9 percent as the labor … Continue reading

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