Author Archives: Daniel Sanabria

December 2016, Comerica Economic Outlook

After a Weak Start, U.S. Economy Set to Finish 2016 on a Stronger Note The recent upward revision to Q3 real GDP growth, to 3.2 percent, is a look in the rear-view mirror, but it does suggest that the U.S. … Continue reading

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Comerica Economic Weekly

Since we had the holiday week last week, we will cover two weeks’ worth of U.S. economic data, which has been generally favorable. Expectations for the official payroll job numbers for November were boosted by a stronger-than-expected ADP Employment Report, … Continue reading

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November U.S. Employment

Positive Jobs Report Sets the Stage for December 14 Rate Hike Payroll Employment increased by 178,000 jobs in November. The Unemployment Rate for November dropped to 4.6 percent. Average Hourly Earnings decreased by 0.1 percent for the month, after a … Continue reading

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November ISM-MF Index, UI Claims, October Construction Spending

The ISM Manufacturing Index for November increased to 53.2 percent, showing improving conditions. Initial Claims for Unemployment Insurance increased by 17,000, to 268,000 for the week ending Nov. 26. Construction spending increased by 0.5 percent in October. The ISM Manufacturing … Continue reading

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Comerica Bank’s Arizona Index Steadily Gaining

Comerica Bank’s Arizona Economic Activity Index increased 0.3 percentage points in September to a level of 110.8. September’s index reading is 34 points, or 44 percent, above the index cyclical low of 77.0. The index averaged 106.9 points for all … Continue reading

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Comerica Bank’s California Index Boosted by Tech Sector

Comerica Bank’s California Economic Activity Index increased by 1.6 percentage points in September to a level of 124.3. September’s reading is 40 points, or 48 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 Florida Index Improves

Comerica Bank’s Florida Economic Activity Index increased by 0.9 percentage points in September to a level of 155.1. September’s index reading is 77 points, or 99 percent, above the index cyclical low of 78.1. The index averaged 138.2 in 2015, … Continue reading

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Comerica Bank’s Michigan Index Eases Again

Comerica Bank’s Michigan Economic Activity Index fell in September, down 0.9 percentage points to a level of 128.1. September’s reading is 54 points, or 73 percent, above the index cyclical low of 74.1. The index averaged 123.6 points for all … Continue reading

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Comerica Bank’s Texas Index Sees Modest Improvement

Comerica Bank’s Texas Economic Activity Index improved slightly in September, up 0.3 percentage points to a level of 90.6. September’s reading is 18 points, or 24 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for … Continue reading

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Comerica Economic Weekly

U.S. economic data released in mid-November has been generally positive and consistent with growing expectations of a fed funds rate increase on December 14. In her prepared remarks for the congressional Joint Economic Committee, FOMC chair Janet Yellen said today … Continue reading

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