Monthly Archives: September 2013

Comerica Economic Weekly

The third quarter is closing with more of a fizzle than a bang. Economic data look solid in some areas and soft in others. Income and spending data for July and August imply downside risk for our forecast of 2.1 … Continue reading

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2013Q2 GDP, August Durable Goods, New Home Sales, Sept. Claims

So-So Data Fails to Vanquish Lingering Uncertainty Real Gross Domestic Product increased at a 2.5 percent annualized rate in 2013Q2 in the third estimate. New Orders for Durable Goods increased by 0.1 percent in August. Sales of New Homes bounced … Continue reading

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Comerica Bank’s Florida Index Drops in July

Comerica Bank’s Florida Economic Activity Index decreased 1.4 percentage points in July, at a level of 118.5. July’s index reading is 38 points, or 47 percent, above the index cyclical low of 80.6. The index averaged 105 in 2012, 10 … Continue reading

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Comerica Bank’s Arizona Index Improves in July

Comerica Bank’s Arizona Economic Activity Index grew in July, increasing 0.3 percentage points to a level of 96.9. July’s index reading is 25.6 points, or 36 percent, above the index cyclical low of 71.3. The index averaged 87.2 points for … Continue reading

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Comerica Bank’s California Index Eases in July

Comerica Bank’s California Economic Activity Index eased in July, decreasing 1.6 percentage points to a level of 104.4.  July’s reading is 32 points, or 44 percent, above the index cyclical low of 72.7. The index averaged 101 points for all … Continue reading

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Comerica Bank’s Michigan Index Cools in July

Comerica Bank’s Michigan Economic Activity Index eased in July, down 0.7 percentage points to a level of 126.8. July’s reading is 55 points, or 76 percent, above the index cyclical low of 72.1. The index averaged 114 for all of … Continue reading

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Comerica Bank’s Texas Index Climbs in July

Comerica Bank’s Texas Economic Activity Index grew in July to a level of 104.0. The July reading is 32 points, or 45 percent, above the index cyclical low of 71.6. The index averaged 102 points for all of 2012, 10 … Continue reading

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Comerica Economic Weekly

The big economic news of the week was non-news, or non-tapering, from the Fed. On Wednesday, the Federal Open Market Committee voted to continue their program of asset purchases, known as QE3, at the rate of $85 billion per month. … Continue reading

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August Industrial Production, Retail Sales, Producer Prices, Fed News

Auto Makers Rev Up Manufacturing Output, Summers Bows Out Industrial Production for August increased by 0.4 percent, as auto production rebounds. The Producer Price Index for August was up 0.3 percent, as energy and food prices increased. The core PPI … Continue reading

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Incipient Normalcy and the New Abnormal

Aspects of the U.S. economy are beginning to act more normally. House prices are up 12 percent over last year. Auto sales hit a 16.1 million unit rate in August. Initial claims for unemployment insurance are back to pre-recession levels. … Continue reading

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