Author Archives: Daniel Sanabria

Comerica Bank’s Michigan Index Shows Some Lift

Comerica Bank’s Michigan Economic Activity Index increased 1.3 percentage points in May to a level of 132.1. May’s reading is 58 points, or 78 percent, above the index cyclical low of 74.1. The index averaged 127.7 points for all of … Continue reading

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Comerica Bank’s Arizona Index Showing Gains

Comerica Bank’s Arizona Economic Activity Index rose 0.3 percentage points in May to a level of 113.4. May’s index reading is 36 points, or 47 percent, above the index cyclical low of 77.0. The index averaged 110.3 points for all … Continue reading

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Comerica Bank’s Florida Index Eases Again

Comerica Bank’s Florida Economic Activity Index decreased by 0.9 percentage points in May to a level of 163.8. May’s index reading is 86 points, or 110 percent, above the index cyclical low of 78.1. The index averaged 155.4 in 2016, … Continue reading

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Comerica Bank’s Texas Index Increased, but the Rig Count Has Stalled

Comerica Bank’s Texas Economic Activity Index increased by 0.6 percentage points in May to a level of 98.6. May’s index reading is 26 points, or 36 percent, above the index cyclical low of 72.8. The index averaged 91.2 points for … Continue reading

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June New and Existing Home Sales, May House Prices

New Home Sales are Trending Up, But Existing Home Sales are Stalled New Home Sales ticked up by 0.8 percent in June, to a 610,000 unit annual rate. Existing Home Sales decreased by 1.8 percent in June to a 5,520,000 … Continue reading

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Comerica Economic Weekly

Economic data this week showed a good finish for the recently completed second quarter, and a good start to the current third quarter. Housing starts increased in June by 8.3 percent, to a 1.215 million unit annual rate. The volatile … Continue reading

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June Leading Indicators, July Regional MF Surveys, UI Claims, FOMC

Indicators Point to Positive H2 The Conference Board’s Leading Economic Index for June increased by 0.6 percent. Initial Claims for Unemployment Insurance fell by 15,000 for the week ending July 15, to hit 233,000. The Conference Board’s Leading Economic Index … Continue reading

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June Housing Starts, NAHB, Mortgage Apps

Residential Construction Bounced Back in June Housing Starts increased in June by 8.3 percent to a 1,215,000 unit annual rate. Permits for new residential construction increased by 7.4 percent to a 1,254,000 unit pace in June. Builder Confidence eased in … Continue reading

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Global Expansion, Central Bank Strategy, the Bond Market and the Dollar

The global expansion remains engaged. The U.S economy, representing about one-fifth of global demand, got off to a sluggish start with 1.4 percent real GDP growth (annualized) in the first quarter. We expect U.S. GDP growth to approximately double for … Continue reading

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Comerica Economic Weekly

Economic data this week are again consistent with a moderate rebound in U.S. GDP growth for the second quarter. The first estimate of Q2 GDP is due out on July 28. Payroll employment increased by a strong 222,000 net jobs … Continue reading

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