Category Archives: General

Central West Michigan Revving up for Summer

As Michigan emerges from a tough and long winter, the state economy is improving. While the strong dollar has started to hit manufacturers’ export sales, vehicle demand remains firm and near its cyclical high, driving high-paying jobs in the region. … Continue reading

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April Residential Construction, May Home Builders Survey

Housing Started but Builders Balked April Housing Starts increased by a strong 20.2 percent to a 1,135,000 unit annual rate. Permits for new residential construction climbed in April by 10.1 percent to a 1,143,000 unit pace. The National Association of … Continue reading

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Comerica Economic Weekly

It was a another week of softer-than-expected U.S. data. Our view is that this is a transitional economy right now. The drivers of the U.S. economy through the post-recession recovery phase are giving way to a new set of drivers … Continue reading

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May 2015, Comerica U.S. Economic Update

You never cross the same river twice. This also is true of the complex adaptive system known as the U.S. economy; it is always changing. As we muddle through the current business cycle, three distinct economic periods are apparent. First … Continue reading

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Comerica Economic Weekly

This week’s economic data was mixed, but directionally positive. Backward looking trade data, with implications for Q1 GDP was negative, while forward looking data was positive. Labor data is looking better, suggesting gains in consumer spending later this year. Job … Continue reading

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April U.S. Employment

Hiring Bounces Back in April, Unemployment Rate Drops to 5.4 Percent April Payroll Employment bounced back to show a gain of 223,000, as March was revised down to +85,000. The Unemployment Rate for April fell to 5.4 percent. Average Weekly … Continue reading

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Comerica Economic Weekly

This week’s economic scene was dominated by what did not happen. The Federal Reserve did not clear the fog around interest rate expectations. First quarter GDP, March personal income and the April ISM MF Index did not do much of … Continue reading

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March Income and Spending, Q1 Employment Costs, April UI Claims, Fed

Unconvincing Data Keeps Fed on Hold S. Personal Income was unchanged in March. After taxes and inflation it dipped 0.2 percent. Real Consumer Spending increased by 0.3 percent in March as auto sales rebounded. The Employment Cost Index continued to … Continue reading

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Comerica Bank’s Texas Index Continues to Sag with Oil Prices

Comerica Bank’s Texas Economic Activity Index eased again in February, decreasing 1.6 percentage points to a level of 104.6. February’s reading is 32 points, or 44 percent, above the index cyclical low of 72.6. The index averaged 105.1 points for … Continue reading

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Comerica Bank’s Michigan Index Slips on Weather

Comerica Bank’s Michigan Economic Activity Index decreased in February, losing 1.9 percentage points to reach a level of 118.7. February’s reading is 45 points, or 61 percent, above the index cyclical low of 73.8. The index averaged 117.6 points for … Continue reading

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