Author Archives: Comerica Economics

Florida Index Bounces Back in January

Comerica Bank’s Florida Economic Activity Index rebounded in January, jumping to a level of 116.5. The January index reading is 36 points, or 45 percent, above the index cyclical low of 80.6. The index averaged 110 in 2012, 11 points … Continue reading

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Arizona Index Climbs in January

Comerica Bank’s Arizona Economic Activity Index climbed in January, rising 1.9 percentage points to a level of 95.2. The January index reading is 24 points, or 34 percent, above the index cyclical low of 71.0. The index averaged 87 points … Continue reading

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California Index Drops in January

Comerica Bank’s California Economic Activity Index dropped in January, falling 2.2 points to a level of 98.6. January’s reading is 25 points, or 35 percent, above the index cyclical low of 73.2. The index averaged a revised 103 points for … Continue reading

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Texas Index Dips in January

Comerica Bank’s Texas Economic Activity Index fell slightly in January, declining 0.4 percentage points to a level of 101.1. The January reading is 29 points, or 41 percent, above the index cyclical low of 71.7. The index averaged 98 points … Continue reading

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March Durable Goods and Consumer Confidence, Feb. New Home Sales, Jan. House Prices

 Mixed Data Suggests Ongoing Momentum, but Also Ongoing Uncertainty March New Orders for Durable Goods gained 5.7 percent as aircraft orders rebounded. The Conference Board’s Consumer Confidence Index fell sharply in March to 59.7. New Home Sales for February fell … Continue reading

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Michigan Index Flat in January

Comerica Bank’s Michigan Economic Activity Index was essentially unchanged in January, up 0.1 points to a level of 103.0. The January index reading is 43 points, or 72 percent, above the index cyclical low of 59.9. The index averaged 103 … Continue reading

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Comerica Economic Weekly

             The tail of the Euro zone wagged the dog this week as economically small Cyprus drove the financial news cycle. Cypriot banks, under pressure from failing loans to Greek and other businesses, are dependent on support from the European … Continue reading

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Auto Affordability Slipped in Fourth Quarter

The purchase and financing of an average-priced new vehicle took 23.6 weeks of median family income in the fourth quarter of 2012, according to Comerica Bank’s Auto Affordability Index. Consumers on average spent $900 more on new cars in the … Continue reading

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U.S. Economy Maintains Momentum As Fiscal Headwinds Increase

The federal spending sequester took effect March 1. The $85 billion reduction in federal defense and nondefense discretionary spending for FY2013 is expected to exert about a 0.6 percent drag on real GDP growth for 2013. This adds to the … Continue reading

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Comerica Economic Weekly

Labor market data for February was better than expected. The official Bureau of Labor Statistics report showed a solid gain of 236,000 payroll jobs for the month.   Job growth was broad-based, however, the government sector was a drain, subtracting 10,000 … Continue reading

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