Monthly Archives: February 2015

Comerica Economic Weekly

U.S. economic data from the end of February are consistent with an economy that expanded through the winter, but at a slower rate than we saw through the middle of last year. Fourth quarter real GDP growth was revised down … Continue reading

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Comerica Bank’s Texas Steps down for Second Month

Comerica Bank’s Texas Economic Activity Index eased again in December, decreasing 0.2 percentage points to a level of 107.4. December’s reading is 35 points, or 48 percent, above the index cyclical low of 72.6. The index averaged 105.1 points for … Continue reading

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Comerica Bank’s Michigan Index Grows for Second Month

Comerica Bank’s Michigan Economic Activity Index grew in December, increasing 0.4 percentage points to a level of 120.0. December’s reading is 46 points, or 62 percent, above the index cyclical low of 73.8. The index averaged 117.3 points for all … Continue reading

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Comerica Bank’s California Index Gains Momentum

Comerica Bank’s California Economic Activity Index grew in December, climbing 1.6 percentage points to a level of 118.3. December’s reading is 34 points, or 41 percent, above the index cyclical low of 83.8. The index averaged 113.4 points for all … Continue reading

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Comerica Bank’s Florida Index Maintains Strong Gains

Comerica Bank’s Florida Economic Activity Index improved in December, growing 1.5 percentage points to a level of 124.7. November’s index reading is 47 points, or 60 percent, above the index cyclical low of 78.0. The index averaged 117.9 in 2014, … Continue reading

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Comerica Bank’s Arizona Index Shows Strong Gain

Comerica Bank’s Arizona Economic Activity Index grew in December, increasing 1.7 percentage points to a level of 104.0. December’s index reading is 27 points, or 36 percent, above the index cyclical low of 76.7. The index averaged 99.9 points for … Continue reading

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Comerica Economic Weekly

The short week produced mixed U.S. data. Signs continue to point to a weak, but positive, GDP reading for the first quarter of 2015. Even though the GDP data is seasonally adjusted, we have had a spate of weak Q1 … Continue reading

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Strong Auto Industry Bolsters Detroit

Lower gasoline prices, strong job creation and improving consumer confidence are a potent combination for U.S. auto sales, and that is good news for Detroit. U.S. auto sales look like they are getting close to the top of the cycle, … Continue reading

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Central West Michigan Gains Strength

The significant decline in gasoline prices and gains in house price have boosted consumer confidence all over the nation, especially in Central West Michigan, where the economy is tightly connected with auto industry. Sales of SUVs and light trucks have … Continue reading

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Phoenix Economy Shows Gradual, Sustainable Improvement

The Phoenix metro area ended 2014 with a 2.7 percent increase in total nonfarm employment. Growth occurred in most employment sectors, with particularly pronounced December-over-December changes in professional and business services and education and health services. These two industries alone … Continue reading

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