Category Archives: General

Comerica Bank’s Florida Index Gaining Consistently

Comerica Bank’s Florida Economic Activity Index improved in January, growing 1.2 percentage points to a level of 125.9. January’s index reading is 48 points, or 61 percent, above the index cyclical low of 78.0. The index averaged 118.0 in 2014, … Continue reading

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Comerica Bank’s Arizona Index Shows Strong Gains

Comerica Bank’s Arizona Economic Activity Index grew in January, increasing 1.9 percentage points to a level of 105.9. January’s index reading is 29 points, or 38 percent, above the index cyclical low of 76.7. The index averaged 99.9 points for … Continue reading

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March ADP Jobs, ISM MF Index, February Construction Spending, January Case-Shiller HPI

Grab Bag of Economic Data Consistent with Moderate Growth Economy The March ADP Employment Report showed a moderate increase of 189,000 private-sector jobs. The ISM Manufacturing Index for March eased to a still-positive 51.5 percent. Construction Spending for February was … Continue reading

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Texas Feels the Drag from Lower Oil Prices

Comerica Bank’s Texas Economic Activity Index continued to ease in January, decreasing 0.9 percentage points to a level of 106.3. January’s reading is 34 points, or 46 percent, above the index cyclical low of 72.6. The index averaged 105.1 points … Continue reading

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February Income and Spending, Pending Home Sales

Consumers Spend Less, Save More…Preparing to Buy Houses? U.S. Personal Income increased by 0.4 percent in February, boosted by dividends. After accounting for inflation and taxes, Real Disposable Personal Income gained 0.2 percent. Real Personal Consumption Expenditures decreased by 0.1 … Continue reading

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February Home Sales and Consumer Prices

Breakout Month for New Home Sales Despite Bad Weather New Home Sales for February increased by 7.8 percent to an annual rate of 539,000 units. February Existing Home Sales gained2 percent, to a 4,880,000 unit annual rate. The Consumer Price … Continue reading

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Comerica Economic Weekly

This week’s U.S. economic news was dominated by the Federal Reserve and their monetary policy announcement of March 18. As expected, the FOMC removed the word “patient” from their forward guidance on interest rates. FOMC chairwoman Janet Yellen, in her … Continue reading

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February Residential Construction, Industrial Production

Housing Stops and Industrial Reduction February Housing Starts fell hard by 17.0 percent to an 897,000 unit annual rate. Permits for new residential construction increased in February by 3.0 percent to a 1,092,000 unit pace. The National Association of Home … Continue reading

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Comerica Economic Weekly

U.S. data from the second week of March were disharmonious with the strong February employment data of the week before. Weather, oil prices, the strong dollar, the roll out of the Affordable Care Act, amongst other factors, are retuning parts … Continue reading

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February Retail Sales, January Inventories, March UI Claims

Sales Disappoint Again, Weather Blamed, Gasoline Prices Up February Retail Sales fell by 0.6 percent; down for the third consecutive month. Ex-auto Retail Sales decreased by 0.1 percent even as gasoline sales increased. Business Inventories for January were unchanged for … Continue reading

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