Category Archives: General

Comerica Bank’s California Index Gains Momentum

Comerica Bank’s California Economic Activity Index improved by 0.5 percentage points in June to a level of 121.0. June’s reading is 37 points, or 44 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all … Continue reading

Posted in California, General, Indices | Tagged , | Comments Off on Comerica Bank’s California Index Gains Momentum

Comerica Bank’s Michigan Index Climbs

Comerica Bank’s Michigan Economic Activity Index increased 1.9 percentage points in June to a level of 129.8. June’s reading is 56 points, or 75 percent, above the index cyclical low of 74.1. The index averaged 123.6 points for all of … Continue reading

Posted in General, Indices, Michigan | Tagged , | Comments Off on Comerica Bank’s Michigan Index Climbs

August ADP Jobs, Case-Shiller House Prices

Moderate Job Gains for August May not be Enough for a September Fed Rate Hike The August ADP Employment Report showed a gain of 177,000 private-sector jobs for the month. The Case-Shiller U.S. National House Price Index for June was … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on August ADP Jobs, Case-Shiller House Prices

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

Posted in Daily, General, United States | Tagged , , | Comments Off on July Income and Spending

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

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

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

Posted in From the Desk of Robert Dye, General, United States | Tagged , | Comments Off on From the Desk of Robert Dye

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

Posted in Daily, General, United States | Tagged , , | Comments Off on July New and Existing Home Sales

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

Posted in From the Desk of Robert Dye, General | Comments Off on Announcement: New Publications

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

Posted in Florida Outlook, General, State Outlooks | Tagged , | Comments Off on Florida Labor Market Draws in Workers

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

Posted in Arizona Outlook, General, State Outlooks | Tagged , | Comments Off on Arizona’s Ties to the U.S. Consumer