Monthly Archives: March 2016

Comerica Bank’s Michigan Index Eases on Mixed Components

Comerica Bank’s Michigan Economic Activity Index declined in January, decreasing 1.2 percentage points to a level of 126.5. January’s reading is 52 points, or 71 percent, above the index cyclical low of 74.0. The index averaged 124.5 points for all … Continue reading

Posted in General, Indices, Michigan | Tagged , | Comments Off on Comerica Bank’s Michigan Index Eases on Mixed Components

March ADP Jobs, January Home Prices, Yellen Speech

Jobs Growth and House Prices Support U.S. Households, Yellen Dials Back Expectations The February ADP Employment Report showed a gain of 200,000 private-sector jobs. The January Case-Shiller U.S. National House Price Index was up 5.4 percent from a year earlier. … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on March ADP Jobs, January Home Prices, Yellen Speech

Comerica Bank’s Texas Index Weighed Down by Weak Energy Sector

Comerica Bank’s Texas Economic Activity Index fell in January, decreasing 0.4 percentage points to a level of 92.6. January’s reading is 20 points, or 27 percent, above the index cyclical low of 72.8. The index averaged 97.7 points for all … Continue reading

Posted in General, Indices, Texas | Tagged , | Comments Off on Comerica Bank’s Texas Index Weighed Down by Weak Energy Sector

Comerica Bank’s California Index Increases Again

Comerica Bank’s California Economic Activity Index grew in January, increasing 0.3 percentage point to a level of 121.3. January’s reading is 37 points, or 44 percent, above the index cyclical low of 84.1. The index averaged 119.9 points for all … Continue reading

Posted in California, General, Indices | Tagged , | Comments Off on Comerica Bank’s California Index Increases Again

Comerica Bank’s Arizona Index Marks Fifth Month of Growth

Comerica Bank’s Arizona Economic Activity Index grew in January, increasing 0.2 percentage points to a level of 109.7. January’s index reading is 33 points, or 43 percent, above the index cyclical low of 77.0. The index averaged 107.1 points for … Continue reading

Posted in Arizona, General, Indices | Tagged , | Comments Off on Comerica Bank’s Arizona Index Marks Fifth Month of Growth

Comerica Bank’s Florida Index Sees Broad-Based Gains

Comerica Bank’s Florida Economic Activity Index grew in January, increasing 3.4 percentage points to a level of 152.3. January’s index reading is 74 points, or 95 percent, above the index cyclical low of 78.1. The index averaged 138.0 in 2015, … Continue reading

Posted in Florida, General, Indices | Tagged , | Comments Off on Comerica Bank’s Florida Index Sees Broad-Based Gains

February Income and Spending

Modest Income Growth Tempered by Declining Corporate Profits U.S. Personal Income increased by 0.2 percent in February, despite strong job growth. Real disposable income gained 0.3 percent for the month. Nominal Consumer Spending increased by just 0.1 percent in February … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off on February Income and Spending

Comerica Economic Weekly

March has been a better month for U.S. financial markets. Equity markets have now largely clawed back their January and early February losses. Long-term bond yields have increased, but not by as much as they would have without the downward … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

From the Desk of Robert Dye

Taking Auto Sales Out for a Test Drive Data from the Bureau of Economic Analysis shows that U.S. light vehicles sales bottomed out in the Great Recession in February 2009, at a 9.0 million unit sales rate. Auto sales have … Continue reading

Posted in Daily, From the Desk of Robert Dye, General, United States | Tagged , | Comments Off on From the Desk of Robert Dye

Comerica Economic Weekly

This week’s economic news was dominated by the March 15-16 FOMC meeting, where the Fed decided, as expected, to leave the fed funds rate unchanged. Little forward guidance came from the Fed’s policy announcement or from Janet Yellen’s press conference. … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly