Monthly Archives: October 2015

Comerica Economic Weekly

The Federal Open Market Committee voted Wednesday to leave the fed funds rate unchanged, continuing near-zero interest rate policy at least until December 16. The Fed’s assessment of economic conditions was tweaked, saying that household spending and business fixed investment … Continue reading

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2015Q3 GDP, October UI Claims, Fedspeak

Third Quarter GDP Growth Cooled as Inventories Were Drained Real Gross Domestic Product for 2015Q3 increased at a tepid 1.5 percent annual rate. Initial Claims for Unemployment Insurance were little changed at 260,000 for the week ending Oct. 24. The … Continue reading

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Comerica Bank’s California Index Declines on Trade

Comerica Bank’s California Economic Activity Index declined in August, decreasing 1.2 percentage points to a level of 119.6. August’s reading is 36 points, or 42 percent, above the index cyclical low of 84.1. The index averaged 113.7 points for all … Continue reading

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Comerica Bank’s Texas Index Eases

Comerica Bank’s Texas Economic Activity Index eased in August, decreasing 0.4 percentage points to a level of 95.2. August’s reading is 22 points, or 31 percent, above the index cyclical low of 72.8. The index averaged 105.2 points for all … Continue reading

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Comerica Bank’s Michigan Index Shows Fifth Month of Growth

Comerica Bank’s Michigan Economic Activity Index grew in August, increasing 0.3 percentage points to reach a level of 127.4. August’s reading is 53 points, or 72 percent, above the index cyclical low of 74.0. The index averaged 117.6 points for … Continue reading

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Comerica Bank’s Arizona Index Flat in 2015

Comerica Bank’s Arizona Economic Activity Index eased in August, decreasing 0.2 percentage points to a level of 106.6. August’s index reading is 30 points, or 39 percent, above the index cyclical low of 77.0. The index averaged 99.7 points for … Continue reading

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Comerica Bank’s Florida Index Levels Out

Comerica Bank’s Florida Economic Activity Index grew marginally in August, increasing less than 0.1 percentage point to a level of 138.5. August’s index reading is 60 points, or 77 percent, above the index cyclical low of 78.1. The index averaged … Continue reading

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Comerica Economic Weekly

This week’s U.S. data showed improving housing market conditions, strong labor demand but a weak leading economic index. News from China and Europe figures in our U.S. analysis as global central bank easing continues. Today, the People’s Bank of China … Continue reading

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September Existing Home Sales, Leading Indicators, Oct. UI Claims

Home Sales Rebound, Indicators Dip on Stock Prices, Claims Low Existing Home Sales for September increased by 4.7 percent to an annual rate of 5.55 million units. The Leading Economic Index fell by 0.2 percent in September, as the stock … Continue reading

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September Residential Construction, October Home Builders Survey

Builder Confidence Grows as Single-Family Construction Gains September Housing Starts increased by 6.5 percent to a 1,206,000 unit annual rate. Permits for new residential construction dropped in September by 5.0 percent to a 1,103,000 unit pace. The National Association of … Continue reading

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