Monthly Archives: January 2013

Arizona Economy Expands in November

Comerica Bank’s Arizona Economic Activity Index rose by 0.4 percentage points in November, rising to a level of 89.9. The October index reading is 19 points, or 27 percent, above the index cyclical low of 71.0. Year-to-date the index has … Continue reading

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2012Q4 GDP and Federal Reserve Policy Announcement

Q4 Real GDP Contracts Slightly, Monetary Policy Stays on Course Real Gross Domestic Product decreased slightly at a -0.1 percent annualized rate in 2012Q4. The drag came from inventories and Federal defense spending. Consumer spending, business fixed investment and residential … Continue reading

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Dec. Durable Goods, Nov. House Prices, Jan. Consumer Confidence and TX Mf Index

 Mixed Data Suggests Some Momentum Heading into Fiscal Drag December New Orders for Durable Goods gained 4.6 percent, led by military and commercial aircraft. The Case-Shiller 20-City Composite House Price Index for November gained 0.6 percent. The Conference Board’s Consumer … Continue reading

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Comerica Economic Weekly

U.S. economic data was mixed this week with a solid Leading Indicators report for December and another good read on January unemployment insurance claims, but mildly disappointing December home sales. Equity markets rallied with the Leading Indicators report highlighting the … Continue reading

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December New Home Sales

                                        Weather May Have Obscured Improving Trend  New Home Sales for December decreased by 7.3 percent, to a 369,000 unit annual rate. The Months’ Supply of new homes increased in December to 4.9 months’ worth. The new home sales data … Continue reading

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December Leading Indicators, January UI Claims, KC Fed

  Data Buoys Equity Markets, Equity Markets Buoy Data The Leading Economic Index for December gained 0.5 percent as labor data normalized post-Sandy. Initial Claims for Unemployment Insurance fell by 5,000 for the week ending January 19 to hit 330,000. Favorable … Continue reading

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California Index Declines in November

Comerica Bank’s California Economic Activity Index fell 1.3 percentage points in November, declining to a level of 102.4. November’s reading is 29 points, or 40 percent, above the index cyclical low of 73.2. The index has averaged 103 points the … Continue reading

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Florida Index Rises in November

Comerica Bank’s Florida Economic Activity Index rose 1.3 percentage points in November, to a level of 114.0. The November index reading is 33 points, or 41 percent, above the index cyclical low of 80.6. Year-to-date the index has averaged 109, … Continue reading

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Michigan Index Stable in November

Comerica Bank’s Michigan Economic Activity Index stabilized in November, rising 0.4 percentage points to a level of 101.0. The November index reading is 41 points, or 69 percent, above the index cyclical low of 59.9. The index has averaged 103 … Continue reading

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Texas Index Up in November

Comerica Bank’s Texas Economic Activity Index rose 0.6 points in November, to a level of 100.1. The November index reading is 28 points, or 40 percent, above the index cyclical low of 71.7. The index has averaged 98 points over … Continue reading

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