Monthly Archives: June 2017

Comerica Economic Weekly

Economic data this week are again consistent with a moderate rebound in U.S. GDP growth for the nearly complete second quarter. First quarter real GDP growth was revised up slightly to a modest 1.4 percent annualized rate. This is still … Continue reading

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Comerica Bank’s California Index Extends Gains

Comerica Bank’s California Economic Activity Index increased by 0.9 percentage points in April to reach 129.7. April’s reading is 46 points, or 54 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 Michigan Index Stays in Neutral

Comerica Bank’s Michigan Economic Activity Index eased 0.1 percentage points in April to a level of 130.8. April’s reading is 57 points, or 77 percent, above the index cyclical low of 74.1. The index averaged 127.7 points for all of … Continue reading

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Comerica Bank’s Arizona Index Increases

Comerica Bank’s Arizona Economic Activity Index rose 0.8 percentage points in April to a level of 113.0. April’s index reading is 36 points, or 47 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 Dips

Comerica Bank’s Florida Economic Activity Index decreased by 0.3 percentage points in April to a level of 164.4. April’s index reading is 86 points, or 110 percent, above the index cyclical low of 78.1. The index averaged 155.4 in 2016, … Continue reading

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Comerica Bank’s Texas Index Increases Again

Comerica Bank’s Texas Economic Activity Index increased by 1.2 percentage points in April to a level of 98.6. April’s index reading is 26 points, or 35 percent, above the index cyclical low of 72.8. The index averaged 91.3 points for … Continue reading

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Comerica Economic Weekly

We attended the semi-annual meeting of the Economic Advisory Council of the American Bankers Association this week in Washington DC. This is a meeting of chief economists of major U.S. banks and financial institutions. The consensus expectation of this group … Continue reading

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Comerica Economic Weekly

We saw several important data releases this week and significant action and non-action by central banks. U.S. economic data for the week was generally softer than expected. However, data are still supportive of an increase in GDP growth in the … Continue reading

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May Industrial Production, June UI Claims, Regional Manufacturing, Builders

Production Stalls after April Surge Industrial Production was unchanged in May as vehicle assemblies declined. Initial Claims for Unemployment Insurance dipped by 8,000 for the week ending June 10, to hit 237,000. Industrial production for May was unchanged after surging … Continue reading

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Federal Reserve Monetary Policy

 Fed Raises Short-Term Interest Rates 25 Basis Points As Expected The Federal Reserve raised the target range of the fed funds rate by 25 basis points. The new Dot Plot remains consistent with three 25 basis point rate hikes in … Continue reading

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