Daily Archives: December 19, 2012

Texas Index Higher in October

Comerica Bank’s Texas Economic Activity Index rose 0.6 points in October, to a level of 99.5. The October index reading is 28 points, or 39 percent, above the index cyclical low of 71.7. The index has averaged 98 points thus … Continue reading

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California Economy Edges Down in October

Comerica Bank’s California Economic Activity Index declined 0.5 percentage points in October, falling to a level of 103.7. October’s reading is 31 points, or 42 percent, above the index cyclical low of 73.2. Year-to-date the index has averaged 103, four … Continue reading

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November Residential Construction, December Mortgage Apps

Permits Continue to Gain, Starts Stalled in November Housing Starts for November decreased by 3.0 percent to an 861,000 unit annual rate. Permits for new residential construction continued to increase in November, up 3.6 percent to 899,000. Mortgage Applications for … Continue reading

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Florida Economy Gains in October

Comerica Bank’s Florida Economic Activity Index rose 1.1 percentage points in October, to a level of 112.7. The October index reading is 32 points, or 40 percent, above the index cyclical low of 80.6. Year-to-date the index has averaged 109, … Continue reading

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Michigan Economic Index Drops in October

Comerica Bank’s Michigan Economic Activity Index dipped lower in October, dropping 2.7 points, to a level of 100.6. The October index reading is 41 points, or 68 percent, above the index cyclical low of 59.9. The index has averaged 103 … Continue reading

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