Monthly Archives: February 2016

From the Desk of Robert Dye

Brexit Highlights Europe as a Source of Uncertainty in 2016 On June 23 the United Kingdom will vote on whether to stay in the European Union, or to leave. If the vote is to leave the EU, that does not … Continue reading

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Comerica Economic Weekly

U.S. data released at the end of February were mixed, but the week ended on a positive note with a better-than-expected revision for 2015Q4 GDP and good income numbers for January. Real GDP for the fourth quarter of last year … Continue reading

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January New and Existing Home Sales, December House Prices

Soft Home Sales in the West, but Conditions Look Good for Spring Sales Season New Home Sales for January sagged, down 9.2 percent to a 494,000 unit annual rate. Existing Home Sales in January were essentially unchanged, up 0.4 percent … Continue reading

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Comerica Bank’s Michigan Index Ticks Down

Comerica Bank’s Michigan Economic Activity Index declined in December, decreasing 0.3 percentage points to a level of 127.4. December’s reading is 53 points, or 72 percent, above the index cyclical low of 74.0. The index averaged 124.6 points for all … Continue reading

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Comerica Bank’s California Index Sees Third Consecutive Gain

Comerica Bank’s California Economic Activity Index grew in December, increasing 0.6 percentage point to a level of 121.4. December’s reading is 37 points, or 44 percent, above the index cyclical low of 84.1. The index averaged 120.1 points for all … Continue reading

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Comerica Bank’s Texas Index Continues Decline on Oil Prices

Comerica Bank’s Texas Economic Activity Index fell in December, decreasing 1.2 percentage points to a level of 92.8. December’s reading is 20 points, or 28 percent, above the index cyclical low of 72.8. The index averaged 97.7 points for all … Continue reading

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Comerica Bank’s Arizona Index Sees Broad-Based Growth

Comerica Bank’s Arizona Economic Activity Index grew in December, increasing 0.8 percentage points to a level of 109.5. December’s index reading is 33 points, or 42 percent, above the index cyclical low of 77.0. The index averaged 107.1 points for … Continue reading

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Comerica Bank’s Florida Index Still Soaring

Comerica Bank’s Florida Economic Activity Index grew in December, increasing 2.9 percentage points to a level of 148.7. December’s index reading is 71 points, or 90 percent, above the index cyclical low of 78.1. The index averaged 137.9 in 2015, … Continue reading

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Comerica Economic Weekly

U.S. data released in the middle of February are consistent with a “real” economy that is maintaining some momentum despite unsettling financial market news. The most significant deviation from expectations this week came from price indexes, which show an underlying … Continue reading

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San Jose MSA Tech Sector Faces Macro Hurdles

San Jose technology firms face potential slowing international demand and concerns over squeezed corporate profits. Technology stocks took a wallop heading into the start of 2016. The Mercury News Silicon Valley 150 Index dipped by 15 percent between last June … Continue reading

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