Monthly Archives: August 2017

July Industrial Production, Leading Indicators, August UI Claims

Auto Assemblies Fall, but Leading Indicators are Positive Industrial Production increased by 0.2 percent in July as vehicle assemblies fell. The Conference Board’s Leading Economic Index increased by 0.3 percent in July. Initial Claims for Unemployment Insurance fell by 12,000 … Continue reading

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Arizona’s Story: A Lagging Economy

While a lagging economy may sound like a bad thing, in the case of Arizona there may be a silver lining. Arizona has not seen consistent real GDP growth above 2 percent since 2007. Previous economic expansions in the state … Continue reading

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Florida Economy to Remain Strong

Our expectations for the Florida economy through 2018 remain positive, supported by solid recent performance. Job growth for the state was up 2.9 percent for the year ending in June. Recent job gains helped push Florida’s unemployment rate down to … Continue reading

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The California Economy Looks to Rebound After a Rocky Start to 2017

California economic activity slowed in the first half of 2017. The recently released official Bureau of Economic Analysis real gross domestic product for California came in well below expectations, eking out a barely positive 0.1 percent for the first quarter … Continue reading

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The Oil Wave Reflated Texas, Now Leveling Off

The Texas economy has turned back to consistent expansion after limping through 2015 and the first half of 2016. Net monthly job growth statewide has been positive and strong every month since July 2016. Through the first seven months of … Continue reading

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Even With Cooler Job Growth Labor Supply is Constrained for Michigan

This is a very exciting time in Michigan’s important auto sector as new technology is developed and delivered. However, it is also a very challenging time as U.S. auto sales drift down after a very strong year in 2016. Fortunately, … Continue reading

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July Housing Starts, NAHB, Mortgage Apps

Residential Construction is Bifurcating, Multifamily Slumps Housing Starts decreased by 4.8 percent in July to a 1,155,000 unit annual rate. Permits for new residential construction decreased by 4.1 percent to a 1,223,000 unit pace in July. Builder Confidence increased in … Continue reading

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July Retail Sales, Import Prices

Autos Pull Retail Sales Up in July May Retail Sales increased by 0.6 percent, as auto sales gained 1.2 percent. The Import Price Index increased by 0.1 percent in July. Retail sales for July showed a solid 0.6 percent increase, … Continue reading

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Comerica Economic Weekly

Economic data for the week were consistent with an ongoing moderate GDP expansion through the third quarter. Inflation data, from the CPI and the PPI will be scrutinized this fall to see if there is a pickup in the rate … Continue reading

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July PPI, August UI Claims

  Wholesale Inflation Weak, Claims Very Low The Producer Price Index for Final Demand decreased by 0.1 percent in July. Initial Claims for Unemployment Insurance gained 3,000 for the week ending August 5, to hit 244,000. Producer price inflation remains … Continue reading

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