Monthly Archives: July 2016

Comerica Economic Weekly

As we get a more complete read on the second quarter, a complex picture emerges. On one hand, we see a stronger consumer sector, but a consumer sector whose appetite for new cars may be sated. Low energy prices are … Continue reading

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2016Q2 GDP, July UI Claims, Central Bank Recap

Real Gross Domestic Product for 2016Q2 increased at a modest 1.2 percent annual rate. Initial Claims for Unemployment Insurance increased by 14,000 to 266,000 for the week ending July 23. The Federal Reserve, the Bank of England, the European Central … Continue reading

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Comerica Bank’s Texas Index Ticks Down

Comerica Bank’s Texas Economic Activity Index eased in May, down 0.6 percentage points to a level of 91.5. May’s reading is 19 points, or 26 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for all … Continue reading

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Comerica Bank’s Michigan Index Dipped as Auto Production Eased

Comerica Bank’s Michigan Economic Activity Index was down 0.6 percentage points in May to a level of 128.3. May’s reading is 54 points, or 73 percent, above the index cyclical low of 74.0. The index averaged 123.7 points for all … Continue reading

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Comerica Bank’s California Index Improves

Comerica Bank’s California Economic Activity Index improved by 0.1 percentage points in May to a level of 120.6. May’s reading is 37 points, or 43 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all … Continue reading

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Comerica Bank’s Florida Index Strengthens

Comerica Bank’s Florida Economic Activity Index improved 1.1 percentage points in May to a level of 155.7. May’s index reading is 78 points, or 99 percent, above the index cyclical low of 78.1. The index averaged 138.6 in 2015, twenty … Continue reading

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Comerica Bank’s Arizona Index Eases

Comerica Bank’s Arizona Economic Activity Index declined in May, down 0.2 percentage points to a level of 109.2. May’s index reading is 32 points, or 42 percent, above the index cyclical low of 77.0. The index averaged 106.9 points for … Continue reading

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Tepid Data Will Not Motivate the Fed to Raise Interest Rates Tomorrow The Consumer Confidence Index ticked down slightly in July from 97.4 to 97.3. New Home Sales for June increased by 3.5 percent to a 592,000 unit annual rate. … Continue reading

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Comerica Economic Weekly

U.S. economic data released this week was generally positive and consistent with an ongoing moderate GDP expansion in the third quarter. The Conference Board’s Leading Economic Index for June increased by 0.3 percent, consistent with our expectations of an ongoing … Continue reading

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June Leading Indicators, Existing Home Sales, July UI Claims, Central Banks

 “Encouraging Market Resilience” The Conference Board’s Leading Economic Index for June increased by 0.3 percent. Existing Home Sales for June increased by 1.1 percent to a 5.57 million unit annual rate. Initial Claims for Unemployment Insurance fell by 1,000 for … Continue reading

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