Monthly Archives: March 2014

Comerica Economic Weekly

U.S. economic data released at the end of March remain consistent with our expectation that indicators will generally improve this spring as weather renormalizes. We expect to see an ongoing moderate economic expansion for this year, after a weak first … Continue reading

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Comerica Bank’s Arizona Index Continues to Grow in January

Comerica Bank’s Arizona Economic Activity Index expanded in January, up 1.3 percentage points to a level of 101.6. January’s index reading is 30 points, or 42 percent, above the index cyclical low of 71.3. The index averaged 96 points for … Continue reading

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Comerica Bank’s Florida Index Declines in January

Comerica Bank’s Florida Economic Activity Index dipped 2.2 percentage points in January, to a level of 117.2. January’s index reading is 37 points, or 45 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 Texas Index Cooled in January

Comerica Bank’s Texas Economic Activity Index decreased 0.9 percentage points in January to a level of 110.2. The January reading is 39 points, or 54 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 Michigan Index Down Again in January

Comerica Bank’s Michigan Economic Activity Index continued to decrease in January, down 1.6 percentage points to a level of 125.6. January’s reading is 54 points, or 74 percent, above the index cyclical low of 72.1. The index averaged 126 for … Continue reading

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Comerica Bank’s California Index Dips in January

Comerica Bank’s California Economic Activity Index declined in January, down 1.6 percentage points to a level of 110.1. January’s reading is 37 points, or 51 percent, above the index cyclical low of 72.7. The index averaged 106 points for all … Continue reading

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Comerica Economic Weekly

Generally improving economic data for February and into early March support the view that bad weather was a factor in December and January, and that metrics will tend to improve this spring. The residential construction report for February indicated that … Continue reading

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February Leading Indicators, Existing Home Sales, March UI Claims, Fed Wrap-Up

Indicators Positive, Fed Signals Ongoing Unwind from Extraordinary Policy The Leading Economic Index for February increased by 0.5 percent, suggesting a spring thaw is coming. Existing Home Sales for February fell slightly to a 4.60 million unit annual rate. Initial … Continue reading

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February Residential Construction, Consumer Prices, Industrial Production

Permits and Production Up, Prices Tame, Fed Set to Taper February Housing Starts were little changed, down by 0.2 percent to a 907,000 unit annual rate. Permits for new residential construction increased in February by 7.7 percent to a 1,018,000 … Continue reading

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Comerica Economic Weekly

The perception of uncertainty in the U.S. and global economies appears to have increased. That is not to say actual uncertainty (whatever that is), as measured by the Economic Policy Uncertainty index, has increased. In fact, according to the monthly … Continue reading

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