Category Archives: General

Comerica Economic Weekly

It was a fairly light week for U.S. economic data. Economic news was dominated by oil prices, Fedspeak and the dollar. This was not a spurious relationship. The three are closely linked. Let’s start with oil. U.S. oil prices respond … Continue reading

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March ISM Non-MF, February Trade and JOLTS

Trade Expected to Drag on Q1 GDP, Service Sector and Labor Data Positive The ISM Non-Manufacturing Index for March increased to 54.5 percent. The U.S. International Trade Gap widened in February to -$47.1 billion. The JOLTS Report for February showed … Continue reading

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April 2016, Comerica U.S. Economic Update

We expect to see another sub-par GDP report for the recently completed first quarter of 2016 when the first estimate of Q1 GDP growth is released on April 28. Consumer spending has been stable, but uninspired. Business investment has been … Continue reading

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Comerica Economic Weekly

U.S. economic data at the start of the second quarter is looking good. Labor data for March was solid. Payroll employment increased by 215,000 jobs for the month, a little stronger than expected. Despite the strong job gains the unemployment … Continue reading

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March U.S. Employment

Another Solid Jobs Report. No Fooling! March Payroll Employment increased by a solid 215,000 jobs, just above expectations. The Unemployment Rate for March ticked up to 5.0 percent with strong recent gains in the labor force. Average Hourly Earnings increased … Continue reading

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Comerica Bank’s Michigan Index Eases on Mixed Components

Comerica Bank’s Michigan Economic Activity Index declined in January, decreasing 1.2 percentage points to a level of 126.5. January’s reading is 52 points, or 71 percent, above the index cyclical low of 74.0. The index averaged 124.5 points for all … Continue reading

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March ADP Jobs, January Home Prices, Yellen Speech

Jobs Growth and House Prices Support U.S. Households, Yellen Dials Back Expectations The February ADP Employment Report showed a gain of 200,000 private-sector jobs. The January Case-Shiller U.S. National House Price Index was up 5.4 percent from a year earlier. … Continue reading

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Comerica Bank’s Texas Index Weighed Down by Weak Energy Sector

Comerica Bank’s Texas Economic Activity Index fell in January, decreasing 0.4 percentage points to a level of 92.6. January’s reading is 20 points, or 27 percent, above the index cyclical low of 72.8. The index averaged 97.7 points for all … Continue reading

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Comerica Bank’s California Index Increases Again

Comerica Bank’s California Economic Activity Index grew in January, increasing 0.3 percentage point to a level of 121.3. January’s reading is 37 points, or 44 percent, above the index cyclical low of 84.1. The index averaged 119.9 points for all … Continue reading

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Comerica Bank’s Arizona Index Marks Fifth Month of Growth

Comerica Bank’s Arizona Economic Activity Index grew in January, increasing 0.2 percentage points to a level of 109.7. January’s index reading is 33 points, or 43 percent, above the index cyclical low of 77.0. The index averaged 107.1 points for … Continue reading

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