Yearly Archives: 2014

Comerica Economic Weekly

There are many moving parts in the economic story this week. We can begin and end with central bank policy. China is responding to expectations for cooler growth. It looks like they may miss 7.5 percent real GDP growth target … Continue reading

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October Consumer Prices, Existing Home Sales, Leading Indicators, November UI Claims

Low Oil Prices Dampen Consumer Inflation, Indicators Cruising into Q4 The October Consumer Price Index was unchanged as lower energy prices were met by higher air fares. The October Core CPI gained 0.2 percent, and was up 1.8 percent over … Continue reading

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October Residential Construction, Producer Prices

Home Construction Still Range Bound, but Builder Sentiment Improves October Housing Starts decreased by 2.8 percent to a 1,009,000 unit annual rate. Permits for new residential construction increased in October by 4.8 percent to a 1,080,000 unit pace. The Producer … Continue reading

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October Industrial Production, Empire State Survey

Production Eases on Utilities and Mining Industrial Production for October eased by 0.1 percent as utility and mining output dropped. The Empire State Manufacturing Survey increased in November to 10.2. Total industrial production for October eased by 0.1 percent despite … Continue reading

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Comerica Economic Weekly

It was a fairly light week for U.S. economic data. In this week’s data we begin to see some of the positive impact to consumers of lower gasoline prices. According to AAA, today’s national average price for a gallon of … Continue reading

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November 2014, Comerica U.S. Economic Update

Economic Data Soothes After October Financial Market Jitters After significant financial market volatility in October, business conditions appear to be improving. Financial markets have stabilized, with equity indexes reaching new highs by mid-November. Economic indicators remain strong with Q3 real … Continue reading

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Comerica Economic Weekly

U.S. economic data released in the first week of November was generally positive and consistent with an ongoing GDP expansion. Payroll employment for October increased by 214,000, a little below expectations of about 230,000, but still a good number. August … Continue reading

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October U.S. Employment

Labor Market Metrics Continue to Improve The October Payroll Employment Survey showed a gain of 214,000 payroll jobs. The Unemployment Rate for October dropped to 5.8 percent. Average Weekly Hours for all employees increased by one-tenth to 34.6 hours in … Continue reading

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October ADP Employment, ISM Non-MF Index

U.S. Economic Data Looks Strong Heading into Q4 The October ADP Employment Report showed a strong gain of 230,000 private-sector jobs. The ISM Non-Manufacturing Index for October eased to a still strong 57.1 percent. The ADP National Employment Report for … Continue reading

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September International Trade, Oil Prices, October Auto Sales

Trade Gap Widens, Implies Negative Revision to Q3 GDP The U.S. International Trade Gap widened to -$43.0 billion in September. Oil Prices are down as Saudi Arabia cut prices. WTI is trading at $77 per barrel. Light Vehicle Sales ticked … Continue reading

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