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Monthly Archives: February 2013
Arizona Index Ratchets Up in December
Comerica Bank’s Arizona Economic Activity Index ratcheted up in December, rising 3.4 percentage points to a level of 93.3. The December index reading is 22 points, or 31 percent, above the index cyclical low of 71.0. The index averaged 87 … Continue reading
Posted in Arizona, Economic Activity, Indices
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California Index Slumps in December
Comerica Bank’s California Economic Activity Index slumped in December, declining 1.7 points to a level of 100.7. December’s reading is 28 points, or 38 percent, above the index cyclical low of 73.2. The index averaged 102 points for all of … Continue reading
Florida Index Declines in December
Comerica Bank’s Florida Economic Activity Index declined by 1.3 percentage points in December, to a level of 113.2. The December index reading is 33 points, or 40 percent, above the index cyclical low of 80.6. The index averaged 110 in … Continue reading
Texas Index Rises in December
Comerica Bank’s Texas Economic Activity Index increased by 1.2 percentage points in December, rising to a level of 101.3. The December index reading is 30 points, or 41 percent, above the index cyclical low of 71.7. The index averaged 98 … Continue reading
Posted in Economic Activity, Indices, Texas
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Michigan Index Improves in December
Comerica Bank’s Michigan Economic Activity Index saw a bounce back in December, rising 1.7 points to a level of 102.7. The December index reading is 43 points, or 71 percent, above the index cyclical low of 59.9. The index averaged … Continue reading
Comerica Economic Weekly
U.S. economic data for January continues to be fairly benign, masking some issues that will show up more in February. Price indexes do not yet reflect higher petroleum prices. Even as retail gasoline prices climbed, the energy price components of … Continue reading
Posted in United States, Weekly
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Phoenix Recovery Advances, but Downside Risks Lurk
Following a flat unemployment rate through Q2 and Q3 of last year, Phoenix unemployment dipped to 6.8 percent on average for Q4 2012. Payroll job growth in Phoenix outperformed the national average in 2012, up 2.5 percent, compared to 1.7 … Continue reading
Posted in Phoenix, Regional Updates
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Miami Poised for a Stronger 2013
Following two consecutive quarters of job growth declines, Miami payrolls grew at a 1.7 percent annualized rate in the fourth quarter of 2012. This brings full-year 2012 job growth in Miami to just 0.6 percent, well-below the U.S. average of … Continue reading
Posted in Miami, Regional Updates
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Southern California Improving as Housing Firms
The Southern California economy is showing signs of improving, as payroll jobs increase and housing markets heal. Job growth in the Southern California area is on par with the national average, but is lagging behind Northern California. The unemployment rates … Continue reading
Posted in Regional Updates, Southern California
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Northern California Leads State Growth, Another Oil Boom?
Job growth in the San Francisco and San Jose metro areas continues to outpace the national and state averages. Technology firms are still hiring aggressively, and property markets are heating up. On a year-to-year basis payroll employment in the San … Continue reading
Posted in Northern California, Regional Updates
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