Author Archives: Daniel Sanabria

Comerica Bank’s Florida Index Up for Seventh Consecutive Month

Comerica Bank’s Florida Economic Activity Index increased by 0.8 percentage points in March to a level of 165.8. March’s index reading is 88 points, or 112 percent, above the index cyclical low of 78.1. The index averaged 155.3 in 2016, … Continue reading

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Comerica Bank’s California Index Extends Gains

Comerica Bank’s California Economic Activity Index increased by 0.8 percentage points in March to reach 128.7. March’s reading is 45 points, or 53 percent, above the index cyclical low of 84.1. The index averaged 122.4 points in 2016, two and … Continue reading

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Comerica Bank’s Michigan Index Ticks Up

Comerica Bank’s Michigan Economic Activity Index improved 0.8 percentage points in March to a level of 130.4. March’s reading is 56 points, or 76 percent, above the index cyclical low of 74.1. The index averaged 127.8 points for all of … Continue reading

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Comerica Bank’s Texas Index Boosted by Broad Improvement

Comerica Bank’s Texas Economic Activity Index climbed by 2.6 percentage points in March to a level of 97.5. March’s index reading is 25 points, or 34 percent, above the index cyclical low of 72.8. The index averaged 91.3 points for … Continue reading

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April Personal Income, May Consumer Confidence, March Home Prices

 Stronger Consumer Spending Will Lift Q2 GDP            U.S. Real Disposable Personal Income increased by 0.2 percent in April. The Personal Consumption Expenditure Price Index increased by 0.2 percent in April. After inflation, Real Consumer Spending increased by 0.2 percent in … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. data. April home sales were soft. Q1 GDP was revised up and the Fed minutes revealed more about balance sheet reduction. New home sales fell by 11.4 percent, to a 569,000 unit annual … Continue reading

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April New and Existing Home Sales

 Sales Slip but Inventories of Existing Homes for Sale Remain Tight New Home Sales decreased by 11.4 percent in April to a 569,000 unit annual rate. Existing Home Sales fell by 2.3 percent in April to a 5,570,000 unit annual … Continue reading

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Comerica Economic Weekly

U.S. economic data this week was generally positive and consistent with an increase in the pace of real GDP growth in the second quarter, following a weak first quarter. Residential construction data was weaker than expected in April as total … Continue reading

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Arizona Economy On Positive Course Despite Q1 Slow Down

Revised Arizona payroll employment data were mixed. Starting with the positive, the Bureau of Labor Statistics annual revision indicated that Arizona added 69,700 jobs last year. This is twice the amount of jobs in 2016 than the original data implied. … Continue reading

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Florida Economy Maintains Momentum in Early 2017

The Florida economy is on pace to expand in the first half of 2017 as state real gross domestic product growth improves, boosted by strong job and income growth. Construction employment alone, which is the third largest labor sector after … Continue reading

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