Author Archives: Daniel Sanabria

July Income and Spending

Consumers Are Doing Their Part, A Good Start to Q3 U.S. Personal Income increased by 0.4 percent in July. After inflation and taxes, Real Disposable Income also gained 0.4 percent for the month. Nominal Consumer Spending increased by 0.3 percent … Continue reading

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Comerica Economic Weekly

It was a fairly light week for data, but a heavy week for Fed-watching as the Federal Reserve Bank of Kansas City hosted their annual retreat in Jackson Hole, Wyoming, yesterday and today. This morning, Janet Yellen delivered a speech   … Continue reading

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From the Desk of Robert Dye

This morning at the annual Federal Reserve retreat at Jackson Hole, Wyoming, FOMC Chairwoman Janet Yellen delivered a speech titled “The Federal Reserve’s Monetary Policy Toolkit: Past, Present and Future.” The bulk of the speech was focused on possible tools … Continue reading

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July New and Existing Home Sales

Breakout Month for New Home Sales, Existing Home Sales Slump Existing Home Sales decreased by 3.2 percent in July to a 5.39 million unit annual rate. New Home Sales for July surged by 12.4 percent to a 654,000 unit annual … Continue reading

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Announcement: New Publications

Beginning today, Comerica’s Economics Department will be rolling out a new series of publications, a “State Economic Outlook” for each of our five markets. These new publications, quarterly in frequency, will provide analysis and economic outlook for Arizona, California, Florida, … Continue reading

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Florida Labor Market Draws in Workers

Strong job growth in Florida continues to boost overall economic activity and draw people into the state. The state’s payroll jobs increased by 3.5 percent in 2015, well above the overall U.S. pace of 2.1 percent. Momentum continued into 2016 … Continue reading

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Arizona’s Ties to the U.S. Consumer

The Arizona economy is expected to rebound in the second half of 2016. Real gross domestic product registered a relatively strong first quarter at 2.6 percent, but most likely took a leg down in the second quarter on weaker job … Continue reading

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Texas Economy Enters Critical Period in 2016H2

The Texas economy is entering a critical period in the second half of 2016 as the downdraft from the energy sector reset continues to roll through the state. Fortunately, to date, the drag on the overall state economy from reduced … Continue reading

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Steady Michigan

Job growth in Michigan has been steady after allowing for the occasional bump, as occurred in May. In that month, state employment dipped by 20,400 jobs, contributing to a weak month for overall U.S. job growth. Like the U.S. numbers, … Continue reading

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California Economy Buffeted by External Forces

The California economy headed into the latter half of 2016 with some momentum, after weathering a volatile start to the year. Even as tech-stocks lost value early in the year, California real GDP still grew at 2.0 percent in the … Continue reading

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