Author Archives: Daniel Sanabria

Comerica Economic Weekly

U.S. economic data for the week fell reasonably close to expectations and did not alter our view of a fed funds rate hike on December 14. U.S. nonfarm payrolls increased by a net 161,000 jobs in October, a little shy … Continue reading

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October U.S. Employment, September International Trade

No Surprises Keeps the Fed on Track for a December 14 Rate Hike Payroll Employment increased by 161,000 jobs in October, dampened by Hurricane Matthew. The Unemployment Rate for October eased back to 4.9 percent. Average Hourly Earnings increased by … Continue reading

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October ISM Indexes, ADP Jobs, UI Claims, Central Banks

Fed Hints at December Rate Hike The ISM Non-Manufacturing Index for October eased to a still-positive 54.8. The ISM Manufacturing Index for October increased to 51.9, showing more momentum. According to ADP, 147,000 private sector jobs were added in October. … Continue reading

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September Income and Spending, Chicago PMI

No Tricks in the Income and Spending Report, Just Treats U.S. Personal Income increased by 0.3 percent in September. After inflation and taxes, Real Disposable Income was unchanged for the second month in a row. Nominal Consumer Spending increased by … Continue reading

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Comerica Economic Weekly

U.S. economic data through the end of October was reasonably positive. We got our first estimate of third quarter real GDP growth this morning, and it came in about as expected, at a 2.9 percent annualized growth rate. A key … Continue reading

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2016Q3 GDP, Sept. Durable Goods Orders, Oct. UI Claims

Q3 GDP Bounces Back on Inventory Build and Exports Real Gross Domestic Product for 2016Q3 increased at a moderate 2.9 percent annual rate. New Orders for Durable Goods were essentially unchanged, dipping by 0.1 percent in September. Initial Claims for … Continue reading

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Comerica Bank’s Texas Index Moves Sideways

Comerica Bank’s Texas Economic Activity Index was down just 0.1 percentage points in August to a level of 90.3. August’s reading is 18 points, or 24 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for … Continue reading

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Comerica Bank’s Michigan Index Sees Slight Decline

Comerica Bank’s Michigan Economic Activity Index declined 0.2 percentage points in August to a level of 129.3. August’s reading is 55 points, or 74 percent, above the index cyclical low of 74.1. The index averaged 123.6 points for all of … Continue reading

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Comerica Bank’s California Index Strengthens

Comerica Bank’s California Economic Activity Index grew by 1.0 percentage points in August to a level of 122.7. August’s reading is 39 points, or 46 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all … Continue reading

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Comerica Bank’s Arizona Index Shows Improvement

Comerica Bank’s Arizona Economic Activity Index gained 0.2 percentage points in August to a level of 110.5. August’s index reading is 34 points, or 44 percent, above the index cyclical low of 77.0. The index averaged 106.9 points for all … Continue reading

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