Monthly Archives: July 2016

June Residential Construction, July Homebuilders Survey

Starts Improve in June, But Still Range Bound June Housing Starts increased by 4.8 percent to a 1,189,000 unit annual rate. Permits for new residential construction ticked up by 1.5 percent to a 1,153,000 unit pace in June. The National … Continue reading

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Comerica Economic Weekly

U.S. data released this week was mostly positive, adding to expectations for a rebound in real GDP growth for the second quarter. Q2 GDP data will be released on July 29. Good economic data combined with the rally in U.S. … Continue reading

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June Retail Sales, Consumer Prices, Industrial Production

Strong Consumer Spending Supported Q2 GDP June Retail Sales increased by 0.6 percent, adding to expectations for a rebound in Q2 GDP growth. The Consumer price Index for June gained 0.2 percent, as energy prices increased. Industrial Production increased by … Continue reading

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June Producer Prices, July UI Claims, Global Monetary Policy

Energy Boosts Wholesale Inflation, Bank of England Pauses, Fed Will Too The June Producer Price Index increased by 0.5 percent with gains in energy prices. Initial Claims for Unemployment Insurance were unchanged, at a very low 254,000 in early July. … Continue reading

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July 2016, Comerica U.S. Economic Update

The historic vote in the United Kingdom to leave the European Union sent shock waves through global financial markets, dropping sovereign bond yields and supporting the dollar relative to the pound and the euro. The discreet event is over, the … Continue reading

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June ADP Jobs, Challenger Job Cuts, July UI Claims, Fed Minutes

Multiple Data Sources Point to Steady June Job Creation after May Miss The June ADP Employment Report showed a gain of 172,000 private-sector jobs. The June Challenger Job Cuts Report showed a slight increase in job cuts for June to … Continue reading

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June ISM Non-NMF, Auto Sales, May International Trade

Service Sector Gains Momentum at Mid-Year, June Employment Indicators Positive The ISM Non-Manufacturing Index for June increased to 56.5 percent. The U.S. International Trade Gap widened in May to -$41.1 billion. U.S. Auto Sales for June dipped to a 16.7 … Continue reading

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Comerica Economic Weekly

This week we saw that the historic BREXIT was not the end of the world. But it was a wakeup call for global financial markets that were surprisingly complacent heading into the vote, and were surprised by the outcome. Given … Continue reading

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Comerica Bank’s California Index Sees Spring Uptick

Comerica Bank’s California Economic Activity Index advanced 0.9 percentage points in April to a level of 120.6. April’s reading is 37 points, or 43 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all of … Continue reading

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Comerica Bank’s Texas Index Increases for First Time Since September 2015

Comerica Bank’s Texas Economic Activity Index improved in April, up 0.2 percentage points to a level of 92.1. April’s reading is 19 points, or 27 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for all … Continue reading

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