Monthly Archives: March 2014

March 2014, Comerica U.S. Economic Update

Weak Q1 But Fundamentals Still Look Good We expect to see a weak first quarter when the advance estimate of 2014Q1 GDP is published at the end of April. Weather impacted almost all economic metrics this winter. Personal consumption was … Continue reading

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Comerica Economic Weekly

March came in like a lion with much of the nation still in the grip of a colder and snowier-than-normal winter. Economic data this week still reflects the big chill.  However, there are green shoots beneath the snow. Payroll jobs … Continue reading

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February Employment, January International Trade

Better-Than-Expected Jobs Data Greenlights Another Fed Taper  The February Payroll Employment Survey showed a better-than-expected gain of 175,000 jobs. The Unemployment Rate for February increased to 6.7 percent with a weak gain in household employment. The U.S. International Trade Gap … Continue reading

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February ADP Employment, ISM Non-MF, Auto Sales, Ukraine Situation

Soft Data Says U.S. Still Under the Weather in February The ADP Employment Report for February showed a tepid gain of 139,000 private-sector jobs. The ISM Non-Manufacturing Index for February dipped to a still-positive 51.6 percent. February Auto Sales increased … Continue reading

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January Income and Spending, Construction Spending, Feb. ISM MF

Government Programs Support Income. Heating Bills Support Spending. U.S. Personal Income increased by 0.3 percent in January, driven by special factors. After accounting for inflation and taxes, Real Disposable Personal Income also gained 0.3 percent. Real Personal Consumption Expenditures were … Continue reading

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