Author Archives: Daniel Sanabria

July Consumer Prices, Housing Starts, Industrial Production

 Lower Oil Prices Cool Inflation Indicators The July Consumer Price Index was unchanged as energy prices dropped. The July Core CPI increased by 0.1 percent, and was up 2.2 percent over the previous 12 months. Housing Starts for July gained … Continue reading

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Comerica Economic Weekly

U.S. data released this week were mixed on Q3 economic growth. Labor market indicators remain positive this summer. The Job Openings and Labor Turnover report released by the Bureau of Labor Statistics showed that both the job openings rate and … Continue reading

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August 2016, Comerica U.S. Economic Update

The July jobs report put to rest lingering fears of a downshift in U.S. job growth that were amplified by a weak May employment report. A strong 255,000 net new jobs were added to the U.S. economy in July following … Continue reading

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Comerica Economic Weekly

It was a good week for U.S. economic data, showing ongoing support for consumer spending and better manufacturing conditions than we anticipated. July data suggests that the third quarter got off to a good start, despite weaker-than-expected real GDP growth … Continue reading

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July U.S. Employment, June International Trade

Job Growth Bounces Back, +255k for July, Unemployment Rate Steady at 4.9 Percent Payroll Employment increased by 255,000 jobs in July, the second month of strong gains. The Unemployment Rate for July was steady at 4.9 percent. Average Hourly Earnings … Continue reading

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July ISM Manufacturing, June Construction Spending

The ISM Manufacturing Index for July dipped to a still-expansive 52.6 percent. Construction Spending decreased by 0.6 percent in June on weaker manufacturing-related construction. The ISM Manufacturing Index for July indicated still-positive conditions for U.S. manufacturers, but ticked down to … Continue reading

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Comerica Economic Weekly

As we get a more complete read on the second quarter, a complex picture emerges. On one hand, we see a stronger consumer sector, but a consumer sector whose appetite for new cars may be sated. Low energy prices are … Continue reading

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2016Q2 GDP, July UI Claims, Central Bank Recap

Real Gross Domestic Product for 2016Q2 increased at a modest 1.2 percent annual rate. Initial Claims for Unemployment Insurance increased by 14,000 to 266,000 for the week ending July 23. The Federal Reserve, the Bank of England, the European Central … Continue reading

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Comerica Bank’s Texas Index Ticks Down

Comerica Bank’s Texas Economic Activity Index eased in May, down 0.6 percentage points to a level of 91.5. May’s reading is 19 points, or 26 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for all … Continue reading

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Comerica Bank’s Michigan Index Dipped as Auto Production Eased

Comerica Bank’s Michigan Economic Activity Index was down 0.6 percentage points in May to a level of 128.3. May’s reading is 54 points, or 73 percent, above the index cyclical low of 74.0. The index averaged 123.7 points for all … Continue reading

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