Monthly Archives: February 2014

San Antonio Poised for Moderate Economic Growth in 2014

The San Antonio MSA has benefited greatly from the Eagle-Ford Shale. The area will continue to benefit from the energy boom in 2014 albeit at a slower pace. Drilling activity moderated in second half of 2012 through 2013 as natural … Continue reading

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North Texas Ends 2013 Flat, We Maintain our Positive Outlook

The jobs machine known as North Texas ended 2013 on a flat note, with essentially no payroll jobs added in November, followed by a large 10,400 net job loss in December. Reduced federal spending through 2013 was certainly a drag … Continue reading

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Strong Year Ahead for Houston

Strong energy markets and a broadening economic base will drive the Houston economy ahead in 2014. WTI crude oil prices firmed to near $100 per barrel in mid-February. The extreme winter weather in much of the country has increased natural … Continue reading

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Austin Continues to Generate Jobs

Austin continues to be one of the strongest job-creating metro areas in the U.S. The area added a net of 23,600 jobs in 2013, most of them coming from services producing sector. Austin is not only the home for many … Continue reading

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Detroit Set for Modest Growth

The Detroit metro area is adding jobs, but only slowly. As of December, payroll jobs increased in the Detroit metro area by 0.8 percent over the previous year, significantly under the U.S. national average of 1.7 percent. The metro-area unemployment … Continue reading

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Central West Michigan’s Economy to Improve Moderately

The Central West Michigan (CWM) area created about 29,500 nonfarm payroll jobs in 2013, of which more than 64 percent were in the Grand Rapids metro area. CWM private businesses created more than 3,550 jobs in the manufacturing sector alone … Continue reading

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Comerica Economic Weekly

Most U.S. economic data this week shows the adverse impact of much-worse-than-normal winter weather. However, there is a current of momentum beneath the ice. The Conference Board’s Leading Index increased by 0.3 percent in January. Both the coincident and the … Continue reading

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January Consumer Prices, Leading Indicators, Feb. UI Claims

Inflation Is Tame, Leading Indicators Are Positive, The Weather Is Here  The January Consumer Price Index increased by 0.1 percent, pushed by energy prices. The January Core CPI also increased by 0.1 percent, and was up 1.6 percent over 12 … Continue reading

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January Residential Construction, Producer Prices

Bad Winter Freezes Construction, New Producer Price Report January Housing Starts fell by 16.0 percent to an 880,000 unit annual rate. Bad weather was a factor. Permits for new residential construction dropped in January by 5.4 percent to a 937,000 … Continue reading

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Comerica Economic Weekly

Mother nature is dominating the economic headlines as yet another winter storm pounded the South Atlantic and Mid-Atlantic regions this week. The majority of the economic data that we discuss here is seasonally adjusted. That means that normal seasonal weather … Continue reading

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