Author Archives: Daniel Sanabria

Comerica Economic Weekly

U.S. economic data from this week confirm that the household sector is strengthening, driving a GDP rebound for the about-to-be completed second quarter. Labor market conditions are improving, home sales are ramping up, auto sales are robust and the strong … Continue reading

Posted in General, United States, Weekly | Tagged , , | Comments Off on Comerica Economic Weekly

May Income/Spending, June UI Claims

Strong Spending Points to Q2 GDP Rebound U.S. Personal Income increased by 0.5 percent in May. After taxes and inflation it gained 0.2 percent. Nominal Consumer Spending increased by 0.9 percent in May driven by auto sales. Initial Claims for … Continue reading

Posted in Daily, General, United States | Tagged , , , , | Comments Off on May Income/Spending, June UI Claims

From the Desk of Robert Dye

This morning, the Bureau of Economic Analysis released their third estimate of first quarter 2015 real GDP growth. It now shows a -0.2 percent annual rate, revised up from the previous estimate of -0.7 percent. The initial estimate, released at … Continue reading

Posted in From the Desk of Robert Dye, General, United States | Tagged , | Comments Off on From the Desk of Robert Dye

May Home Sales, Durable Goods Orders

Housing Heats Up Ahead of the Fed, Orders Lose Altitude on Aircraft New Home Sales for May increased by 2.2 percent to an annual rate of 546,000 units. Existing Home Sales in May gained 5.1 percent, to a 5.35 million … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off on May Home Sales, Durable Goods Orders

From the Desk of Robert Dye

In its monetary policy statement this afternoon, the Federal Open Market Committee made no changes to interest rate policy. The Fed did acknowledge that the U.S. economy has recently improved, after a weak first quarter.  Fed officials believe that U.S. … Continue reading

Posted in From the Desk of Robert Dye, General, United States | Tagged , | Comments Off on From the Desk of Robert Dye

Comerica Economic Weekly

The forward-looking data from this week were positive. The backward-looking numbers, not so much. U.S. real GDP growth for Q1 was revised to a -0.7 percent annual rate, about as expected. This is a backward looking number, and a number … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

September International Trade, Oil Prices, October Auto Sales

Trade Gap Widens, Implies Negative Revision to Q3 GDP The U.S. International Trade Gap widened to -$43.0 billion in September. Oil Prices are down as Saudi Arabia cut prices. WTI is trading at $77 per barrel. Light Vehicle Sales ticked … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off on September International Trade, Oil Prices, October Auto Sales

Comerica Economic Weekly

October is often an “interesting” month for financial markets. No exception this year. At week’s end, global equity prices appear to have settled after a major slide. The yield on 10-year Treasury bonds dipped below 2.0 percent on Wednesday and … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

September Retail Sales, Producer Prices, August Inventories

Soft Sales Data Adds Momentum to De-Risking, Stocks Sell-Off, Bond Yields Fall September Retail Sales decreased by 0.3 percent, adding to de-risking momentum in financial markets. Ex-auto Retail Sales decreased by 0.2 percent. Most categories were down. Gasoline prices dropped. … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on September Retail Sales, Producer Prices, August Inventories

October 2014, Comerica U.S. Economic Update

Coupling, Decoupling, Reverberations and Over-Steer Increased awareness of downside risk has shaken financial markets since mid-September. The S&P 500 Index has declined nearly 7 percent from its September 18 peak at 2011 to October 14 at 1882. Likewise, Treasury bond … Continue reading

Posted in General, Monthly, United States | Tagged , | Comments Off on October 2014, Comerica U.S. Economic Update