Monthly Archives: February 2017

Comerica Bank’s Arizona Index Improves

Comerica Bank’s Arizona Economic Activity Index increased in December, up 0.5 percentage points to a level of 112.1. December’s index reading is 35 points, or 46 percent, above the index cyclical low of 77.0. The index averaged 110.2 points for … Continue reading

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Comerica Bank’s Florida Index Gains

Comerica Bank’s Florida Economic Activity Index improved in December, up by 2.6 percentage points to a level of 161.9. December’s index reading is 84 points, or 107 percent, above the index cyclical low of 78.1. The index averaged 155.2 in … Continue reading

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Comerica Bank’s California Index Up Slightly

Comerica Bank’s California Economic Activity Index improved by 0.1 percentage points in December to a level of 126.5. December’s reading is 42 points, or 51 percent, above the index cyclical low of 84.1. The index averaged 122.4 points for all … Continue reading

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Comerica Bank’s Michigan Index Little Changed

Comerica Bank’s Michigan Economic Activity Index was down slightly in December by 0.1 percentage points to a level of 129.7. December’s reading is 56 points, or 75 percent, above the index cyclical low of 74.1. The index averaged 127.8 points … Continue reading

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Comerica Bank’s Texas Index Advances

Comerica Bank’s Texas Economic Activity Index improved by 0.2 percentage points in December to a level of 91.8. December’s index reading is 19 points, or 26 percent, above the index cyclical low of 72.8. The index averaged 91.4 points for … Continue reading

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Comerica Economic Weekly

U.S. economic data remains positive at the end of a fairly quiet week. January housing data bounced back after a weak December. The Federal Reserve released the minutes of the January 31/February 1 Federal Open Market Committee. We heard more … Continue reading

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January Existing Home Sales, Fed Minutes

Sales Bounce Back After December Dip Existing Home Sales increased by 3.3 percent in January to a 5,690,000 unit annual rate. Fed minutes show concern about communication strategy. Existing home sales bounced back in January, gaining 3.3 percent, to a … Continue reading

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Comerica Economic Weekly

Lots of data, lots of Fedspeak, lots of commentary from the Trump Administration. We think that the net result will be positive for the U.S. economy, but it does give us a flashback to the Great Recession when uncertainty was … Continue reading

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January Residential Construction, February UI Claims

Single-Family Rising, Multifamily Heading into Third Year Range-Bound Housing Starts dipped in January by 2.6 percent to a 1,246,000 unit annual rate. Permits for new residential construction increased by 4.6 percent to a 1,285,000 unit pace in January. Initial Claims … Continue reading

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January Retail Sales, Consumer Price Index, Industrial Production

 Consumers Undeterred by Higher Prices January Retail Sales increased by 0.4 percent, boosted by higher gasoline prices. Retail Sales Ex-Autos increased by 0.8 percent in January. The Consumer Price Index gained 0.6 percent in December, on higher energy prices. Industrial … Continue reading

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