Monthly Archives: October 2016

September Income and Spending, Chicago PMI

No Tricks in the Income and Spending Report, Just Treats U.S. Personal Income increased by 0.3 percent in September. After inflation and taxes, Real Disposable Income was unchanged for the second month in a row. Nominal Consumer Spending increased by … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on September Income and Spending, Chicago PMI

Comerica Economic Weekly

U.S. economic data through the end of October was reasonably positive. We got our first estimate of third quarter real GDP growth this morning, and it came in about as expected, at a 2.9 percent annualized growth rate. A key … Continue reading

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

2016Q3 GDP, Sept. Durable Goods Orders, Oct. UI Claims

Q3 GDP Bounces Back on Inventory Build and Exports Real Gross Domestic Product for 2016Q3 increased at a moderate 2.9 percent annual rate. New Orders for Durable Goods were essentially unchanged, dipping by 0.1 percent in September. Initial Claims for … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on 2016Q3 GDP, Sept. Durable Goods Orders, Oct. UI Claims

Comerica Bank’s Texas Index Moves Sideways

Comerica Bank’s Texas Economic Activity Index was down just 0.1 percentage points in August to a level of 90.3. August’s reading is 18 points, or 24 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for … Continue reading

Posted in General, Indices, Texas | Tagged , | Comments Off on Comerica Bank’s Texas Index Moves Sideways

Comerica Bank’s Michigan Index Sees Slight Decline

Comerica Bank’s Michigan Economic Activity Index declined 0.2 percentage points in August to a level of 129.3. August’s reading is 55 points, or 74 percent, above the index cyclical low of 74.1. The index averaged 123.6 points for all of … Continue reading

Posted in General, Indices, Michigan | Tagged , | Comments Off on Comerica Bank’s Michigan Index Sees Slight Decline

Comerica Bank’s California Index Strengthens

Comerica Bank’s California Economic Activity Index grew by 1.0 percentage points in August to a level of 122.7. August’s reading is 39 points, or 46 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all … Continue reading

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

Comerica Bank’s Arizona Index Shows Improvement

Comerica Bank’s Arizona Economic Activity Index gained 0.2 percentage points in August to a level of 110.5. August’s index reading is 34 points, or 44 percent, above the index cyclical low of 77.0. The index averaged 106.9 points for all … Continue reading

Posted in Arizona, General, Indices | Tagged , | Comments Off on Comerica Bank’s Arizona Index Shows Improvement

Comerica Bank’s Florida Index Looks Cooler

Comerica Bank’s Florida Economic Activity Index dipped by 0.9 percentage points in August to a level of 154.1. August’s index reading is 76 points, or 97 percent, above the index cyclical low of 78.1. The index averaged 138.2 in 2015, … Continue reading

Posted in Florida, General, Indices | Tagged , | Comments Off on Comerica Bank’s Florida Index Looks Cooler

Comerica Economic Weekly

U.S. economic data this week was consistent with our expectation for ongoing moderate economic growth through the third quarter. We will see if that actually happened when the first estimate of Q3 GDP is released next Friday morning, October 28. … Continue reading

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

September Residential Construction

Starts Stop, Permits Perk Up September Housing Starts unexpectedly fell by 9.0 percent to a 1,047,000 unit annual rate. Permits for new residential construction gained 6.3 percent to a 1,225,000 unit pace in September. Housing starts unexpectedly fell by 9.0 … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on September Residential Construction