Author Archives: Daniel Sanabria

Comerica Bank’s Michigan Index Ticks Up

Comerica Bank’s Michigan Economic Activity Index climbed 1.9 percentage points in April to a level of 129.1. April’s reading is 55 points, or 74 percent, above the index cyclical low of 74.0. The index averaged 124.5 points for all of … Continue reading

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Comerica Bank’s Florida Index Resumes Gains

Comerica Bank’s Florida Economic Activity Index improved 1.3 percentage points in April to a level of 154.2. April’s index reading is 76 points, or 97 percent, above the index cyclical low of 78.1. The index averaged 138.0 in 2015, twenty … Continue reading

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Comerica Bank’s Arizona Index Advances

Comerica Bank’s Arizona Economic Activity Index improved in April, up 0.3 percentage points to a level of 110.0. April’s index reading is 33 points, or 43 percent, above the index cyclical low of 77.0. The index averaged 107.1 points for … Continue reading

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May Income and Spending, April Case-Shiller HPI

Another Solid Spending Report Supports Expectations of Stronger Q2 GDP  U.S. Personal Income increased by 0.2 percent in May. After inflation and taxes, Real Disposable Income gained 0.1 percent for the month. Nominal Consumer Spending increased by 0.4 percent in … Continue reading

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BREXIT

The World has Changed The consequences of BREXIT will be felt over years. The odds of a fed funds rate hike this year are significantly lower because of BREXIT. In a stunning rebuke to transnationalism, the citizens of the United … Continue reading

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Comerica Economic Weekly

U.S. data released this week were consistent with an economy that has warmed up a bit after a chilly Q1. Retail sales beat expectations for the second month, increasing in May by 0.5 percent. Already strong April retail sales growth … Continue reading

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May Consumer Prices, June UI Claims, Fed Policy, BREXIT

Warming Inflation, but Not Yet Hot, Warming BREXIT Too  The May Consumer Price Index increased by 0.2 percent with gains in energy prices. The May Core CPI also gained 0.2 percent, and was up 2.2 percent over the previous 12 … Continue reading

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May Retail Sales, NFIB Survey, Import Prices, April Inventories

Second Month of Solid Sales Supported by Gasoline May Retail Sales increased by 0.5 percent, after gaining 1.3 percent in April. Ex-auto Retail Sales improved by 0.4 percent, supported by gasoline station sales. The NFIB’s Business Optimism Index increased slightly … Continue reading

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Comerica Economic Weekly

Economists are still trying to digest the big miss in the May payroll data, when only 38,000 payroll jobs were added for the month. It was a light week for data, but three data releases from this week add to … Continue reading

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June 2016, Comerica U.S. Economic Update

Recent U.S. economic data has generally been positive. The very weak first quarter real GDP growth has been revised up from the initial estimate of 0.5 percent annualized, to 0.8 percent. We expect to see another minor upward revision to … Continue reading

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