Author Archives: Daniel Sanabria

Comerica Economic Weekly

We had a light economic data calendar this week, but financial markets were very much in the news. Dominating the economic news was the release of the Federal Open Market Committee’s minutes from their meeting of September 16/17. In the … Continue reading

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Comerica Economic Weekly

We had plenty of data to digest this week, most of which was positive. Even though some metrics declined, the dips were generally from very strong levels and not indicative of an enduring downshift in economic activity. Next week’s calendar … Continue reading

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September U.S. Employment, ISM Non-MF, August International Trade

Solid Economic Data Supports Stabilizing Stock Market, Decoupling, Fedspeak The September Payroll Employment Survey showed a gain of 248,000 jobs. July and August revised up. The Unemployment Rate for September dropped to 5.9 percent. The ISM Non-Manufacturing Index for September … Continue reading

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September ADP Employment, ISM-MF Index, August Construction Spending

Solid Q3 Data Keeps the Fed on Track for Policy Pivot The September ADP Employment Report showed a solid gain of 213,000 private-sector jobs. The ISM-Manufacturing Index for September fell to a still-positive 56.6, indicating improving conditions. Total Construction Spending … Continue reading

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Comerica Bank’s Florida Index Advanced in July

Comerica Bank’s Florida Economic Activity Index improved in July, growing 2.5 percentage points to a level of 121.6. July’s index reading is 41 points, or 51 percent, above the index cyclical low of 80.4. The index averaged 114 in 2013, … Continue reading

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Comerica Bank’s Arizona Index Dipped in July

Comerica Bank’s Arizona Economic Activity Index fell in July, declining 4.6 percentage points to a level of 105.4. July’s index reading is 34 points, or 48 percent, above the index cyclical low of 71.0. The index averaged 97 points for … Continue reading

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Comerica Economic Weekly

U.S. economic data released over the last full week of September were consistent with ongoing GDP expansion. However, the data was somewhat nuanced, and subject to interpretation. The interpretation of housing-related data is challenging. The real face of the housing … Continue reading

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August New and Existing Home Sales

New Home Sales Jump in August, Existing Sales Cooler New Home Sales for August jumped by 18.0 percent, to an annual rate of 504,000. Existing Homes Sales dipped by 1.8 percent in August, to hit an annual rate of 5.05 … Continue reading

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Comerica Bank’s California Index Eased in July

Comerica Bank’s California Economic Activity Index dipped in July, falling 2.3 percentage points to a level of 111.0. July’s reading is 39 points, or 53 percent, above the index cyclical low of 72.5. The index averaged 106 points for all … Continue reading

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Comerica Bank’s Texas Index Eased in July

Comerica Bank’s Texas Economic Activity Index took a breather in July, declining 0.7 percentage points to a level of 111.2. July’s reading is 39 points, or 55 percent, above the index cyclical low of 71.8. The index averaged 105 points … Continue reading

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