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Yearly Archives: 2013
The Push and the Pull
The U.S. economy is experiencing the opposing forces of expansive monetary policy and tightening fiscal policy. Between the push and the pull, the private sector is expected to grow moderately through the remainder of this year, enough to bring the unemployment rate down slowly and keep real estate markets heading in a positive direction. Continue reading
Posted in General, Monthly, United States
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Comerica Economic Weekly
Unemployment insurance claims and chain‐store sales, both due out Thursday, will be the most watched economic numbers for the week ahead. Continue reading
April U.S. Employment and ISM Non‐Manufacturing, March Intl. Trade
Bullet Dodged as Payrolls Gain, Upward Revisions Help The April Payroll Employment Survey showed a moderate gain of 165,000 jobs, with positive revisions. The Unemployment Rate for February decreased to 7.5 percent, as the household survey gained 293K. Average Weekly … Continue reading
FOMC Policy Announcement
FOMC Stays the Course, QE3 Sails On, Other News Mixed QE3 will continue as originally defined with a total of $85 billion of asset purchases per month. The FOMC is prepared to change the pace of purchases as conditions change. … Continue reading
Michigan Index Gains in February
Comerica Bank’s Michigan Economic Activity Index increased in February, up 0.1 points to a level of 117.8. Continue reading
March Income and Spending
Income and spending data for March show modest gains after adjusting for inflation. But for the first quarter as a whole, real disposable personal income (after inflation and taxes) showed the biggest quarterly drop since the Great Recession. Continue reading
Comerica Economic Weekly
April showers have been raining on U.S. economic data; it looks a bit soggy as we close out the month. GDP increased at a weaker-than-expected 2.5 percent annualized rate in the first quarter as weather played an outsized role. Colder … Continue reading
California Index Up in February
Comerica Bank’s California Economic Activity Index climbed in February, gaining 3.3 points to a level of 104.1. February’s reading is 31 points, or 43 percent, above the index cyclical low of 72.7. The index averaged a revised 101 points for … Continue reading
Posted in California, Economic Activity, Monthly
Tagged california, economy, february, index
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Texas Index Dips in February
Comerica Bank’s Texas Economic Activity Index fell slightly in February, declining 0.2 percentage points to a level of 105.5. The February reading is 34 points, or 48 percent, above the index cyclical low of 71.5. The index averaged 102 points … Continue reading
March Residential Construction, Consumer Prices, Industrial Production
Starts Hit Million Unit Rate, Consumer Prices Dip, Output Boosted by Weather Housing Starts for March increased by 7.0 percent to a 1,036,000 unit annual rate. Permits for new residential construction dipped in March by 3.9 percent to a 902,000 … Continue reading
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