Category Archives: General

Comerica Bank’s Michigan Index Ticks Up

Comerica Bank’s Michigan Economic Activity Index grew in October, up 1.0 percentage point to a level of 128.4. October’s reading is 54 points, or 73 percent, above the index cyclical low of 74.1. The index averaged 123.6 points for all … Continue reading

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Comerica Bank’s California Index Gains

Comerica Bank’s California Economic Activity Index grew by 1.1 percentage points in October to a level of 125.4. October’s reading is 41 points, or 49 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all … Continue reading

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December ISM-MF Index, November Construction Spending

Good Start for 2017, Major Uncertainties Ahead With Incoming Trump Administration The ISM Manufacturing Index for December increased to 54.7, showing improving conditions. Construction spending increased by 0.9 percent in November. The ISM Manufacturing Index for December increased again to … Continue reading

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Comerica Economic Weekly

U.S. economic data for the week was mixed. Most data was positive and consistent with near-3 percent real GDP growth for the fourth quarter. However, two data points for November were worse than expected, retail sales and housing starts. It … Continue reading

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November Consumer Prices, Dec. UI Claims, NY Fed, BOE

No Surprises from Today’s Data as We Wind Down Economics Publications for the Year The November Consumer Price Index increased by 0.2 percent, boosted by energy prices. Core CPI also increased by 0.2 percent, and was up 2.1 percent over … Continue reading

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Federal Reserve Monetary Policy

Fed Raises Short-Term Interest Rates 25 Basis Points As Expected As widely expected, the Federal Reserve raised the target range of the fed funds rate by 25 basis points. The vote of the Federal Open Market Committee was unanimous. The … Continue reading

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November Retail Sales, Industrial Production and Producer Prices

 Holiday Sales, Ho Ho No? November Retail Sales increased by just 0.1 percent. Industrial Production fell by 0.4 percent in November as utility output dropped. The Producer Price Index for Final Demand increased by 0.4 percent in November. The Federal … Continue reading

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Comerica Economic Weekly

It was a lighter week for U.S. data, but there was an important monetary policy announcement from the European Central Bank, and U.S. trade data has implications for fourth quarter GDP.  The European Central Bank left its key policy interest … Continue reading

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December 2016, Comerica Economic Outlook

After a Weak Start, U.S. Economy Set to Finish 2016 on a Stronger Note The recent upward revision to Q3 real GDP growth, to 3.2 percent, is a look in the rear-view mirror, but it does suggest that the U.S. … Continue reading

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Comerica Economic Weekly

Since we had the holiday week last week, we will cover two weeks’ worth of U.S. economic data, which has been generally favorable. Expectations for the official payroll job numbers for November were boosted by a stronger-than-expected ADP Employment Report, … Continue reading

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