Monthly Archives: August 2016

Comerica Bank’s Texas Index Dips

Comerica Bank’s Texas Economic Activity Index declined in June, down 0.3 percentage points to a level of 91.2. June’s reading is 18 points, or 25 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 Florida Index Inches Up

Comerica Bank’s Florida Economic Activity Index improved by just 0.1 percentage points in June to a level of 155.1. June’s index reading is 77 points, or 98 percent, above the index cyclical low of 78.1. The index averaged 138.2 in … Continue reading

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Comerica Bank’s Arizona Index Improves

Comerica Bank’s Arizona Economic Activity Index improved in June, up 0.3 percentage points to a level of 109.5. June’s index reading is 33 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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Comerica Bank’s California Index Gains Momentum

Comerica Bank’s California Economic Activity Index improved by 0.5 percentage points in June to a level of 121.0. June’s reading is 37 points, or 44 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 Michigan Index Climbs

Comerica Bank’s Michigan Economic Activity Index increased 1.9 percentage points in June to a level of 129.8. June’s reading is 56 points, or 75 percent, above the index cyclical low of 74.1. The index averaged 123.6 points for all of … Continue reading

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August ADP Jobs, Case-Shiller House Prices

Moderate Job Gains for August May not be Enough for a September Fed Rate Hike The August ADP Employment Report showed a gain of 177,000 private-sector jobs for the month. The Case-Shiller U.S. National House Price Index for June was … Continue reading

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July Income and Spending

Consumers Are Doing Their Part, A Good Start to Q3 U.S. Personal Income increased by 0.4 percent in July. After inflation and taxes, Real Disposable Income also gained 0.4 percent for the month. Nominal Consumer Spending increased by 0.3 percent … Continue reading

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Comerica Economic Weekly

It was a fairly light week for data, but a heavy week for Fed-watching as the Federal Reserve Bank of Kansas City hosted their annual retreat in Jackson Hole, Wyoming, yesterday and today. This morning, Janet Yellen delivered a speech   … Continue reading

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From the Desk of Robert Dye

This morning at the annual Federal Reserve retreat at Jackson Hole, Wyoming, FOMC Chairwoman Janet Yellen delivered a speech titled “The Federal Reserve’s Monetary Policy Toolkit: Past, Present and Future.” The bulk of the speech was focused on possible tools … Continue reading

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July New and Existing Home Sales

Breakout Month for New Home Sales, Existing Home Sales Slump Existing Home Sales decreased by 3.2 percent in July to a 5.39 million unit annual rate. New Home Sales for July surged by 12.4 percent to a 654,000 unit annual … Continue reading

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