Monthly Archives: April 2014

2014Q1 GDP, April ADP Jobs, February House prices

As Expected, First Quarter GDP Clunker, Second Quarter Metrics Solid Real Gross Domestic Product growth was barely positive at a 0.1 percent annualized rate. The ADP Employment Report for April showed a solid gain of 220,000 private-sector jobs for the … Continue reading

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Comerica Bank’s Arizona Index Climbs Again in February

Comerica Bank’s Arizona Economic Activity Index jumped upward in February, increasing 2.8 percentage points to a level of 104.4. February’s index reading is 33 points, or 46 percent, above the index cyclical low of 71.3. The index averaged 96 points … Continue reading

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Comerica Bank’s Florida Index Up Slightly in February

Comerica Bank’s Florida Economic Activity Index grew 0.4 percentage points in February, to a level of 117.7. February’s index reading is 37 points, or 46 percent, above the index cyclical low of 80.6. The index averaged 115 in 2013, 10 … Continue reading

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Comerica Economic Weekly

There was good news in this week’s data stream, and a significant warning flag. The warning flag came in the form of much-weaker-than expected new home sales for March. New home sales for March fell sharply, down 14.5 percent, to … Continue reading

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Comerica Bank’s California Index Declines in February

Comerica Bank’s California Economic Activity Index declined in February, down 1.1 percentage points to a level of 109.0. February’s reading is 36 points, or 50 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 Michigan Index Declines for the Fourth Consecutive Month

Comerica Bank’s Michigan Economic Activity Index dipped in February, falling 2.1 percentage points to a level of 123.4. February’s reading is 51 points, or 71 percent, above the index cyclical low of 72.1. The index averaged 126 for all of … Continue reading

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March New and Existing Home Sales

Spring Home Sales Off to a Slow Start  New Home Sales for March fell sharply by 14.5 percent to an annual rate of just 384,000 units. The Months’ Supply of New Homes on the market increased to 6.0 months’ worth … Continue reading

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Comerica Bank’s Texas Index Dipped Again in February

Comerica Bank’s Texas Economic Activity Index declined 0.4 percentage points in February to a level of 109.7. February’s reading is 38 points, or 53 percent, above the index cyclical low of 71.6. The index averaged 105 points for all of … Continue reading

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Comerica Economic Weekly

U.S. economic data continues to show evidence of a spring thaw. Retail sales for March were up a strong 1.1 percent, driven by a snap back in auto sales. Retail sales of autos and parts were up 3.1 percent in … Continue reading

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March Residential Construction, Industrial Production

Starts Up, Production Up and Positive for GDP March Housing Starts were up by 2.8 percent to a 946,000 unit annual rate. Permits for new residential construction decreased in March by 2.4 percent to a 990,000 unit pace. Industrial Production … Continue reading

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