Author Archives: Daniel Sanabria

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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Comerica Bank’s Michigan Index Climbed Again in July

Comerica Bank’s Michigan Economic Activity Index grew in July, jumping 6.2 percentage points to a level of 133.7. July’s reading is 62 points, or 87 percent, above the index cyclical low of 71.6. The index averaged 125 points for all … Continue reading

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Comerica Economic Weekly

U.S. economic data released in early September remains consistent with ongoing moderate economic expansion. The miss in August payroll employment last week, coming in at +142,000 jobs, was countered today by better than expected retail sales. Today’s retail sales report … Continue reading

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September 2014, Comerica U.S. Economic Update

The Miss, the Pivot, the De-Synchronization, the Drag and the End of Slack U.S. payroll employment increased by only 142,000 in August, missing the consensus expectation of about 215,000. The weaker-than-expected jobs report breaks the chain of six consecutive +200K … Continue reading

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Comerica Economic Weekly

Most U.S. economic data for the week was favorable, with one notable exception. In what looks like an aberration, U.S. payroll employment increased by only 142,000 in August, well below the consensus expectation of about 215,000. The weak report breaks … Continue reading

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August U.S. Employment

Job Gains Disappoint At +142K, U. Rate Ticks Down to 6.1% The August Payroll Employment Survey showed a weaker-than-expected gain of 142,000 jobs. The Unemployment Rate for August dipped slightly to 6.1 percent. Average Hourly Earnings increased by 0.2 percent … Continue reading

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August ADP Employment, Auto Sales, ISM Non-MF, UI Claims, July Trade, ECB

Late Summer U.S. Data Sizzles, Draghi Doubles Down The August ADP Employment Report showed an increase of 204,000 private-sector jobs. Auto Sales for August geared up to a 17.5 million unit annual rate. The ISM Non-Manufacturing Index increased to 59.6 … Continue reading

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Comerica Bank’s Florida Index Climbs in June

Comerica Bank’s Florida Economic Activity Index improved in June, increasing 3.0 percentage points to a level of 119.3. June’s index reading is 39 points, or 48 percent, above the index cyclical low of 80.4. The index averaged 114 in 2013, … Continue reading

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