Category Archives: General

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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June U.S. Employment

June Payrolls Up by a Strong 222,000, Unemployment Rate Ticks Up to 4.4 Percent Payroll Employment increased by 222,000 jobs in June, above expectations. The Unemployment Rate for June increased slightly to 4.4 percent. Average Hourly Earnings increased by 0.2 … Continue reading

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June ADP Jobs, ISM Non-MFG Index, UI Claims, May International Trade

Job Growth Shifting Down from High Gear The June ADP Employment Report showed a moderate net gain of 158,000 private sector jobs. Initial Claims for Unemployment Insurance increased by 4,000 for the week ending July 1, to hit 248,000. The … 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 nearly complete second quarter. First quarter real GDP growth was revised up slightly to a modest 1.4 percent annualized rate. This is still … Continue reading

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Comerica Bank’s California Index Extends Gains

Comerica Bank’s California Economic Activity Index increased by 0.9 percentage points in April to reach 129.7. April’s reading is 46 points, or 54 percent, above the index cyclical low of 84.1. The index averaged 122.4 points in 2016, two and … Continue reading

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Comerica Bank’s Michigan Index Stays in Neutral

Comerica Bank’s Michigan Economic Activity Index eased 0.1 percentage points in April to a level of 130.8. April’s reading is 57 points, or 77 percent, above the index cyclical low of 74.1. The index averaged 127.7 points for all of … Continue reading

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