Monthly Archives: January 2015

Comerica Economic Weekly

It was an important week for monetary policy, with the Federal Open Market Committee issuing a policy statement on Wednesday afternoon. The FOMC statement of January 28 reaffirmed our expectations set by the Fed’s December communications. The Fed maintained its … Continue reading

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2014Q4 GDP, January UI Claims

Fourth Quarter Real GDP Growth Eased to 2.6 Percent Real Gross Domestic Product growth for 2014Q4 eased to 2.6 percent after 5 percent growth in Q3. Inventories were stronger than expected, setting the stage for weaker gains in 2015Q1. Real … Continue reading

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Comerica Bank’s Texas Index Breaks Seven Month Streak

Comerica Bank’s Texas Economic Activity Index eased slightly in November, decreasing 0.2 percentage points to a level of 107.5. November’s reading is 35 points, or 48 percent, above the index cyclical low of 72.6. The index averaged 100.3 points for … Continue reading

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Comerica Bank’s California Index Continues Upward Trajectory

Comerica Bank’s California Economic Activity Index grew in November, climbing 0.7 percentage points to a level of 116.6. November’s reading is 33 points, or 39 percent, above the index cyclical low of 83.8. The index averaged 106.2 points for all … Continue reading

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Comerica Bank’s Arizona Index Up Again

Comerica Bank’s Arizona Economic Activity Index grew in November, increasing 1.1 percentage points to a level of 102.2. November’s index reading is 25 points, or 33 percent, above the index cyclical low of 76.7. The index averaged 95.4 points for … Continue reading

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Comerica Bank’s Florida Index Sees Gains for Eighth Consecutive Month

Comerica Bank’s Florida Economic Activity Index improved in November, growing 0.9 percentage points to a level of 122.7. November’s index reading is 45 points, or 57 percent, above the index cyclical low of 78.0. The index averaged 109.2 in 2013, … Continue reading

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Comerica Bank’s Michigan Index Returns to Growth

Comerica Bank’s Michigan Economic Activity Index grew in November, increasing 0.3 percentage points to a level of 119.4. November’s reading is 46 points, or 62 percent, above the index cyclical low of 73.8. The index averaged 114.2 points for all … Continue reading

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January Consumer Confidence, December Home Sales, Durable Goods, November House Prices

Mostly Positive Data for FOMC to Ponder, Policy Announcement Due Tomorrow New Home Sales for December increased by 11.6 percent to an annual rate of 481,000 units. December Existing Home Sales gained4 percent, to a 5,040,000 unit annual rate. New … Continue reading

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Comerica Economic Weekly

U.S. data from the middle of January reminds us that there is still uncertainty associated with economic metrics, even within the context of a generally favorable U.S. outlook. The Swiss National Bank added to global uncertainty as they released their … Continue reading

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January 2015, Comerica U.S. Economic Update

U.S. Economy Set for Growth in 2015, Shifting Regional Patterns U.S. economic data at year-end 2014 was strong and we expect that momentum to carry over into 2015. In December, 252,000 payroll jobs were added, and the already strong October … Continue reading

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