Category Archives: General

Lower Oil Prices Increase Downside Risk for North Texas

The North Texas economy is growing strongly. The Dallas–Fort Worth metro area is adding jobs at a rapid rate. October 2014 payrolls were up 3.7 percent over the previous year, well above the 2.0 percent year-over-year growth rate for the … Continue reading

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Austin Surges Through Late-2014

Austin, one of the fastest-growing tech metros in the U.S., increased employment at a robust rate through the first three quarters of 2014. In 2014Q3, Austin added more than 9,930 jobs, most of them in the service-producing sector. Yet the … Continue reading

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November Residential Construction, Industrial Production, December Rig Count

 Home Construction Dips, MF Output Surpasses Pre-Recession Peak November Housing Starts dipped by 1.6 percent to a 1,028,000 unit annual rate. Permits for new residential construction fell in November by 5.2 percent to a 1,035,000 unit pace. The Industrial Production … Continue reading

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Comerica Economic Weekly

The economic discussion this week was focused on the price of oil. At this writing the NYMEX price for WTI is listed at $57.96 per barrel, well below the 52-week high of $102.53 from last June 25th. The national average … Continue reading

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November Retail Sales, October Inventories, December UI Claims

Autos Set the Pace for Strong Retail Sales November Retail Sales increased by 0.7 percent, boosted by surging auto sales. Ex-auto Retail Sales gained 0.5 percent. Most categories were up. Service station sales dropped. Business Inventories for October were up … Continue reading

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December 2014, Comerica U.S. Economic Update

Reset in Q4 GDP but Still Good Momentum at Year End We look for a reset in Q4 real GDP growth after two strong quarters. Following a weak start to the year, in part due to extreme winter weather conditions … Continue reading

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Comerica Economic Weekly

Solid U.S. data for October and November is making for a happy start to the holiday season. Payroll employment data for November show strong momentum for the U.S. economy in Q4. November payrolls were up by 321,000, well above the … Continue reading

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November U.S. Employment

Blowout Month for Payrolls, Up 321,000, Unemployment Rate Steady at 5.8 Percent The November Payroll Employment Survey showed a robust gain of 321,000 payroll jobs. The Unemployment Rate for November held steady at 5.8 percent. Average Weekly Hours for all … Continue reading

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Comerica Bank’s Arizona Index Continues to Climb in September

Comerica Bank’s Arizona Economic Activity Index grew in September, increasing 0.6 percentage points to a level of 100.4. September’s index reading is 24 points, or 31 percent, above the index cyclical low of 76.7. The index averaged 95.4 points for … Continue reading

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Comerica Bank’s Florida Index Advances in September

Comerica Bank’s Florida Economic Activity Index improved in September, growing 1.3 percentage points to a level of 120.8. September’s index reading is 43 points, or 55 percent, above the index cyclical low of 78.0. The index averaged 109.2 in 2013, … Continue reading

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