Monthly Archives: February 2014

Comerica Economic Weekly

Data released in the last week of February are consistent with a winter soft patch, induced in large part by the brutal winter weather conditions gripping much of the country. Fortunately, we are also seeing signs that there is a … Continue reading

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Comerica Bank’s Michigan Index Falls in December

Comerica Bank’s Michigan Economic Activity Index decreased in December, down 4.3 percentage points to a level of 127.1. December’s reading is 55 points, or 76 percent, above the index cyclical low of 72.1. The index averaged 126 for all of … Continue reading

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Comerica Bank’s Texas Index Climbs in December

Comerica Bank’s Texas Economic Activity Index grew 1.2 percentage points in December to a level of 111.1. The December reading is 40 points, or 55 percent, above the index cyclical low of 71.6. The index averaged 105 points for all … Continue reading

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Comerica Bank’s California Index Boosted by Silicon Valley in December

Comerica Bank’s California Economic Activity Index grew in December, advancing 2.5 percentage points to a level of 111.4. December’s reading is 39 points, or 53 percent, above the index cyclical low of 72.7. The index averaged 106 points for all … Continue reading

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Comerica Bank’s Florida Index Gains in December

Comerica Bank’s Florida Economic Activity Index grew 1.5 percentage points in December, to a level of 119.5. December’s index reading is 39 points, or 48 percent, above the index cyclical low of 80.6. The index averaged 115 in 2013, 10 … Continue reading

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Comerica Bank’s Arizona Index Jumps in December

Comerica Bank’s Arizona Economic Activity Index expanded in December, up 4.4 percentage points to a level of 100.3. December’s index reading is 29 points, or 41 percent, above the index cyclical low of 71.3. The index averaged 96 points for … Continue reading

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Southern California Maintains Positive Outlook in 2014

Southern California labor markets continue to recover heading into 2014. Regional nonfarm employment gained 115,600 jobs in the 12 months ending in December. Boosts to nonfarm payrolls in 2013 included professional and business services, education and health services, and leisure … Continue reading

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Northern California: A New Home For the ‘Niners

Northern California labor markets improved in 2013. Nonfarm payroll employment has now surpassed its pre-recession peak, at 2,976,430 jobs in 2013Q4. We expect the Northern California economy to add another 56,000 jobs in 2014. The unemployment rate for the region … Continue reading

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Phoenix Economy Ends 2013 with a Positive Outlook

After facing a number of headwinds in 2013, Phoenix’s moderate economic expansion will continue into 2014. Increased uncertainty and federal budget sequestration were a drag on local defense-related businesses throughout 2013. Honeywell International, whose aerospace division is headquartered in Phoenix, … Continue reading

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Miami’s Road to Recovery

The Miami metro area was pummeled by the Great Recession. The area’s economy bled jobs for 23 consecutive months. Home prices and housing markets were hammered. Bankruptcies jumped, while incomes and consumer spending slumped. Seven years after the beginning of … Continue reading

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