Monthly Archives: July 2014

2014Q2 GDP, July ADP Employment

Inventory Rebound Propels Q2 GDP, Job Growth Continues Real Gross Domestic Product growth for 2014Q2 was stronger than expected at 4.0 percent. Inventories rebounded after a weak first quarter, adding 1.7 percent to real GDP growth, not sustainable. Real Consumer … Continue reading

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Comerica Bank’s Florida Index Gains in May

Comerica Bank’s Florida Economic Activity Index increased by 0.4 percentage points in May, to a level of 116.2. May’s index reading is 36 points, or 45 percent, above the index cyclical low of 80.4. The index averaged 114 in 2013, … Continue reading

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Comerica Bank’s Arizona Index Continues to Improve in May

Comerica Bank’s Arizona Economic Activity Index advanced in May, increasing 3.1 percentage points to a level of 110.2. May’s index reading is 39 points, or 55 percent, above the index cyclical low of 71.2. The index averaged 97 points for … Continue reading

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Comerica Bank’s California Index Ticks Down in May

Comerica Bank’s California Economic Activity Index eased in May, declining 0.4 percentage points to a level of 112.9. May’s reading is 40 points, or 56 percent, above the index cyclical low of 72.6. The index averaged 106 points for all … Continue reading

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Comerica Bank’s Texas Index Climbs Again in May

Comerica Bank’s Texas Economic Activity Index advanced 1.7 percentage points in May to a level of 110.8. May’s reading is 39 points, or 55 percent, above the index cyclical low of 71.7. The index averaged 105 points for all of … Continue reading

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Comerica Bank’s Michigan Index Rebounds in May

Comerica Bank’s Michigan Economic Activity Index improved in May, increasing 4.3 percentage points to a level of 124.0. May’s reading is 52 points, or 72 percent, above the index cyclical low of 71.9. The index averaged 125 for all of … Continue reading

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Comerica Economic Weekly

U.S. economic data was generally a little softer than expected this week. This is not surprising given the spate of stronger-than-expected data we have seen through early summer. Even though data was soft, it remains consistent with our view that … Continue reading

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Comerica Economic Weekly

This was a light week for U.S. data, dominated by the release of the minutes of the June 17/18 Federal Open Market Committee meeting. There are several important components of the minutes that shed some light on a still-murky Federal … Continue reading

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July 2014, Comerica U.S. Economic Update

The Story: A Mid-Cycle U.S. Economy in a Multi-Speed World The endogenous growth story for the U.S. economy remains intact. There are two key channels of growth operating within the U.S. economy that have brought us through the recovery and … Continue reading

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Comerica Economic Weekly

The data dump ahead of the Fourth of July weekend yielded some good results, sending equity markets off to the races. The quality of recent U.S. economic data reinforces two points of view. First, the Q1 GDP stumble was an … Continue reading

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