Author Archives: Daniel Sanabria

October Industrial Production, Producer Prices

Production Stall Continues as Utility Output Falls, Producer Prices Flat Industrial Production for October was unchanged as utility output fell. The Producer Price Index for final demand was also unchanged in October. Industrial production for October was unchanged after dipping … Continue reading

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Florida Economy Gains Momentum Heading into 2017

The Florida economy continues to run hot in the second half of 2016, supported by an acceleration in employment growth in the third quarter. Employment growth for most major Florida metro areas continues to outpace the national average and gains … Continue reading

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Arizona Addresses Poverty and Education

Arizona’s economic rebound in the second half of the year has been more muted than originally thought. Arizona job growth continues to move in the right direction, but recent data has us dialing back our expectations for next year. Construction … Continue reading

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Navigating California Growth into 2017

After a rocky start to 2016, the California economy has picked up momentum in the second half of the year. Stronger job prospects have drawn people into the state labor force at levels not seen in over a decade. California … Continue reading

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Firmer Oil Prices Help Texas, But Recovery in Houston Will Be Slow

The price for West Texas Intermediate crude oil appears to be stabilizing in the range of $45 to $50 per barrel, providing a floor for drilling activity in Texas. The rig count for the state has bounced off the mid-May … Continue reading

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Michigan Growth to Ease as Short-Term and Long-Term Drags Align

A key challenge in describing and forecasting the current Michigan economy is how to make comparisons relative to pre-recession performance. The reason for the difficulty is that Michigan did not “just” have to endure the Great Recession of 2007/08. The … Continue reading

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October Retail Sales, NY Fed

Consumers Bought Cars, Drove Them October Retail Sales increased by 0.8 percent, supported by autos and gasoline. Ex-auto Retail Sales also increased by 0.8 percent. Retail sales were solid in October, gaining 0.8 percent, after increasing by a strong 1.0 … Continue reading

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The Trump Presidency and the U.S. Economy

Expect Change, but Mind the Gap(s) Donald J. Trump won the presidential election with 290 electoral votes to Clinton’s 228. Trump received 47.3 percent of the popular vote to Clinton’s 47.8 percent. The House of Representatives remains in Republican control, … Continue reading

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Comerica Economic Weekly

It was a light week for economic data, but a tremendously weighty week for political events. The widespread expectation, supported by the majority of polling institutions, that Hillary Clinton would become the first female president of the United States, gave … Continue reading

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November 2016, Comerica Economic Outlook

U.S. Data Green Lights Fed for December Rate Hike After a weak first half of the year, third quarter real GDP growth improved to a 2.9 percent annualized rate. The inventory sell-off that weighed heavily on GDP growth in H1 … Continue reading

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