Author Archives: Daniel Sanabria

Comerica Economic Weekly

U.S. economic data released this week are consistent with a modest increase in economic activity through the third quarter. “Modest” is as important of a descriptor as “increase,” as this is still a U.S. economy that is fundamentally challenged in … Continue reading

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Comerica Bank’s Florida Index Flattens

Comerica Bank’s Florida Economic Activity Index declined slightly in July by 0.3 percentage points to a level of 154.8. July’s index reading is 77 points, or 98 percent, above the index cyclical low of 78.1. The index averaged 138.2 in … Continue reading

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Comerica Bank’s Arizona Index Advances

Comerica Bank’s Arizona Economic Activity Index climbed in July, up 0.8 percentage points to a level of 110.3. July’s index reading is 33 points, or 43 percent, above the index cyclical low of 77.0. The index averaged 106.9 points for … Continue reading

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Comerica Bank’s California Index Ticking Up

Comerica Bank’s California Economic Activity Index grew by 0.8 percentage points in July to a level of 121.7. July’s reading is 38 points, or 45 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all … 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 July to a level of 129.4. July’s reading is 55 points, or 75 percent, above the index cyclical low of 74.1. The index averaged 123.6 points for all of … Continue reading

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Comerica Bank’s Texas Index Dips

Comerica Bank’s Texas Economic Activity Index dipped in July, down 0.9 percentage points to a level of 90.3. July’s reading is 18 points, or 24 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for all … Continue reading

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August New Home Sales

Sales Dip in August but Trend Looks Good New Home Sales decreased by 7.6 percent in August to a 609,000 unit annual rate. The Dallas Fed Manufacturing Survey improved in September. The worst may be over in the oil patch. … Continue reading

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Comerica Economic Weekly

The big news of the week was the widely expected non-action by the Federal Reserve, keeping the fed funds rate unchanged at the September 20-21 FOMC meeting. Importantly, Janet Yellen, in her post-announcement press conference, reaffirmed her expectation that interest … Continue reading

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August Leading Indicators, Existing Home Sales, September UI Claims

Muddling Along The Conference Board’s Leading Economic Index for August decreased by 0.2 percent. Existing Home Sales for August decreased by 0.9 percent to a 5.33 million unit annual rate. Initial Claims for Unemployment Insurance fell by 8,000 for the … Continue reading

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Comerica Economic Weekly

U.S. economic data leading into the upcoming Federal Open Market Committee meeting next week did nothing to change our view that the Fed will once again leave the fed funds rate unchanged. Fed Governor Lael Brainard had the opportunity to … Continue reading

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