Monthly Archives: April 2015

March Income and Spending, Q1 Employment Costs, April UI Claims, Fed

Unconvincing Data Keeps Fed on Hold S. Personal Income was unchanged in March. After taxes and inflation it dipped 0.2 percent. Real Consumer Spending increased by 0.3 percent in March as auto sales rebounded. The Employment Cost Index continued to … Continue reading

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Comerica Bank’s Texas Index Continues to Sag with Oil Prices

Comerica Bank’s Texas Economic Activity Index eased again in February, decreasing 1.6 percentage points to a level of 104.6. February’s reading is 32 points, or 44 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 Slips on Weather

Comerica Bank’s Michigan Economic Activity Index decreased in February, losing 1.9 percentage points to reach a level of 118.7. February’s reading is 45 points, or 61 percent, above the index cyclical low of 73.8. The index averaged 117.6 points for … Continue reading

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Comerica Bank’s California Index Flat in February

Comerica Bank’s California Economic Activity Index held flat in February, maintaining a level of 119.4. February’s reading is 36 points, or 42 percent, above the index cyclical low of 83.8. The index averaged 113.7 points for all of 2014, seven … Continue reading

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Comerica Bank’s Florida Index Accelerates

Comerica Bank’s Florida Economic Activity Index gained in February, growing 3.8 percentage points to a level of 129.7. February’s index reading is 52 points, or 66 percent, above the index cyclical low of 78.0. The index averaged 118.0 in 2014, … Continue reading

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Comerica Bank’s Arizona Index Continues to Climb

Comerica Bank’s Arizona Economic Activity Index grew in February, increasing 1.0 percentage points to a level of 106.9. February’s index reading is 30 points, or 39 percent, above the index cyclical low of 76.7. The index averaged 99.9 points for … Continue reading

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2015Q1 GDP, February House Prices, April Consumer Confidence

First Quarter Real GDP Growth Meager at 0.2 Percent Real Gross Domestic Product growth for 2015Q1 registered a barely positive2 percent annual rate. The Case-Shiller U.S. House price index gained4 percent in February, up 4.2 percent for the year. The … Continue reading

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Comerica Economic Weekly

The pushes and pulls on the U.S. economy are coming from multiple directions, adding to a sense of uncertainty that threatens to paralyze policy makers. Among the negatives are a stronger dollar and weakening oil patch, both headwinds for U.S. … Continue reading

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March Home Sales, April UI Claims

New Home Sales Reset in March, but Trend Looks Good New Home Sales for March decreased by 11.4 percent to an annual rate of 481,000 units. March Existing Home Sales increased by 6.1 percent, to a 5,190,000 unit annual rate. … Continue reading

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Comerica Economic Weekly

We saw more mixed data this week and a growing consensus that the Fed will not lift interest rates in June. After a three-month decline, retail sales increased by 0.9 percent in February, driven by retail sales of autos which … Continue reading

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