Category Archives: Arizona

Arizona Index Ratchets Up in December

Comerica Bank’s Arizona Economic Activity Index ratcheted up in December, rising 3.4 percentage points to a level of 93.3. The December index reading is 22 points, or 31 percent, above the index cyclical low of 71.0. The index averaged 87 … Continue reading

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Arizona Economy Expands in November

Comerica Bank’s Arizona Economic Activity Index rose by 0.4 percentage points in November, rising to a level of 89.9. The October index reading is 19 points, or 27 percent, above the index cyclical low of 71.0. Year-to-date the index has … Continue reading

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Arizona Economy Grows in October

Comerica Bank’s Arizona Economic Activity Index increased by 1.6 percentage points in October, rising to a level of 89.5. The October index reading is 19 points, or 26 percent, above the index cyclical low of 71.0. Year-to-date the index has … Continue reading

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Phoenix Recovery Advances, but Downside Risks Lurk

Improvement in Phoenix’s unemployment rate stalled in the third quarter, at a flat 7.2 percent. Although stationary, Phoenix unemployment is 0.9 percent below the national rate for Q3. Payroll job growth in Phoenix continues to outpace that of the nation, … Continue reading

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Arizona Economy Expands in September

Comerica Bank’s Arizona Economic Activity Index increased by 0.9 percentage points in September, rising to a level of 87.7. The September index reading is 17 points, or 24 percent, above the index cyclical low of 71.0. Year-to-date the index has … Continue reading

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Arizona Economy Grows in August

Comerica Bank’s Arizona Economic Activity Index increased by 0.5 percentage points in August, rising to a level of 86.8. The August index reading is 16 points, or 22 percent, above the index cyclical low of 71.0. Year-to-date the index has … Continue reading

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Arizona Economy Expands in July

Comerica Bank’s Arizona Economic Activity Index increased by 0.5 percentage points in July, rising to a level of 86.8.  The July index reading is 16 points, or 22 percent, above the index cyclical low of 71.0.  Year-to-date the index has … Continue reading

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Arizona Economy Ticks Up in June

Comerica Bank’s Arizona Economic Activity Index rose 1.1 percentage points in June, increasing to a level of 86.3.  The June reading is 15 points, or 22 percent, above the index cyclical low of 71.0.  Year-to-date the index has averaged 84 … Continue reading

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Phoenix Rebounding on High Tech Manufacturing

Phoenix’s unemployment continued to drop in the second quarter, down to 7.2 percent. This puts the area’s unemployment rate well-below the July national rate of 8.3 percent. Payroll job growth in Phoenix has also been outpacing the nation, expected to … Continue reading

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Arizona Economy Slips Slightly in May

Comerica Bank’s Arizona Economic Activity Index fell 0.3 points in May to a reading of 85.2 The May reading is 14 points, or 20 percent, above the index cyclical low of 71.0.  Year-to-date the index has averaged 84 points, six … Continue reading

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