Monthly Archives: April 2017

Comerica Economic Weekly

U.S. data was mixed this week. Q1 GDP growth was tepid, but March new home sales were strong. 2017Q1 real GDP registered a sluggish 0.7 percent annualized growth rate, about as expected. Personal consumption expenditures increased at a very low … Continue reading

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2017Q1 GDP, March Employment Cost Index

First Quarter GDP was Weak, as Expected. We Look for Stronger Growth Later….if… Real Gross Domestic Product for 2017Q1 increased at a weak 0.7 percent annualized rate. Worker Compensation increased by 0.8 percent in March as labor markets tightened. The … Continue reading

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March Durable Goods, Advance Indicators, April UI Claims, Tax Reform

Lots of Moving Parts As Trump Administration Pushes Fiscal Agenda New Orders for Durable Goods increased by 0.7 percent in March, the third consecutive monthly gain. The Advance Estimate of International Trade in Goods showed a widening trade gap, dragging … Continue reading

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Comerica Bank’s Michigan Index Eases

Comerica Bank’s Michigan Economic Activity Index declined 0.4 percentage points in February to a level of 129.7. February’s reading is 56 points, or 75 percent, above the index cyclical low of 74.1. The index averaged 127.8 points for all of … Continue reading

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Comerica Bank’s California Index Ticks Up

Comerica Bank’s California Economic Activity Index grew by 0.8 percentage points in February to reach 127.9. February’s reading is 44 points, or 52 percent, above the index cyclical low of 84.1. The index averaged 122.4 points in 2016, two and … Continue reading

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Comerica Bank’s Texas Index Continues to Improve

Comerica Bank’s Texas Economic Activity Index ticked up by 1.9 percentage points in February to a level of 95.0. February’s index reading is 22 points, or 30 percent, above the index cyclical low of 72.8. The index averaged 91.3 points … Continue reading

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Comerica Bank’s Arizona Index Inched Up in February

Comerica Bank’s Arizona Economic Activity Index grew 0.2 percentage points in February to a level of 112.6. February’s index reading is 36 points, or 46 percent, above the index cyclical low of 77.0. The index averaged 110.3 points for all … Continue reading

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Comerica Bank’s Florida Index Strengthens

Comerica Bank’s Florida Economic Activity Index grew by 1.4 percentage points in February to a level of 165.1. February’s index reading is 87 points, or 111 percent, above the index cyclical low of 78.1. The index averaged 155.3 in 2016, … Continue reading

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Comerica Economic Weekly

U.S. data was mixed this week, consistent with our expectation of modest first quarter real GDP growth. We look for about 1.1 percent 2017Q1 real GDP growth when the data is released next Friday. Housing starts dropped by 6.8 percent … Continue reading

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March Leading Indicators, Philly Fed, April UI Claims

 Indicators Still Positive for U.S. Economy The Conference Board’s Leading Economic Index for March increased by 0.4 percent. Initial Claims for Unemployment Insurance gained 10,000 for the week ending April 15, to hit 244,000. The Conference Board’s Leading Economic Index … Continue reading

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