Monthly Archives: October 2013

September Industrial Production and Pending Home Sales, October Texas MF Production Driven by Utilities. Housing Indicator Shows Vulnerability Industrial Production for September increased by 0.6 percent as utility production rebounded. The Pending Home Sales index for September declined by 5.6 … Continue reading

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Comerica Economic Weekly

With the end of the federal government shutdown on October 16, a backlog of economic data is flowing irregularly from federal agencies. It will take until December to get back onto a normal data schedule. Employment data for September was … Continue reading

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Comerica Bank’s Texas Index Decreases in August

Comerica Bank’s Texas Economic Activity Index declined 0.6 percentage points in August to a level of 103.4. The August reading is 32 points, or 44 percent, above the index cyclical low of 71.6. The index averaged 102 points for all … Continue reading

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Comerica Bank’s Michigan Index Dips in August

Comerica Bank’s Michigan Economic Activity Index decreased in August, down 1.3 percentage points to a level of 125.4. August’s reading is 53 points, or 74 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 California Index Improved in August

Comerica Bank’s California Economic Activity Index grew in August, increasing 0.6 percentage points to a level of 104.6*. August’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 Economic Weekly

On day 11 of the federal government shutdown financial markets are reacting optimistically to the news of a new round of budget discussions. Stock prices rallied through the second half of the week. Yields on Treasury bills have receded. The … Continue reading

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Uncertainty Redux: This Time It Is Entirely Self Imposed

Uncertainty has reared its ugly head again. This time it is entirely self imposed. The congressional budget impasse and the potential spillover to the debt ceiling has elevated uncertainty and will likely depress business and consumer confidence in October. The … Continue reading

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Comerica Economic Weekly

The official Bureau of Labor Statistics employment data for September was not released as scheduled due to the federal government shut-down of nonessential services. The last official word we have on the U.S. unemployment rate is the 7.3 percent reading … Continue reading

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October ISM Manufacturing, Government Shutdown

Washington Doubles Down on Uncertainty, Potential Drag for Private Sector   The ISM Manufacturing Index for September increased to 56.2 percent, above expectations. Economic data will be limited by the federal government shutdown. Clinton era shutdown of 28 days dragged GDP … Continue reading

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