Category Archives: General

Comerica Economic Weekly

U.S. economic data from the end of February are consistent with an economy that expanded through the winter, but at a slower rate than we saw through the middle of last year. Fourth quarter real GDP growth was revised down … Continue reading

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Comerica Economic Weekly

The short week produced mixed U.S. data. Signs continue to point to a weak, but positive, GDP reading for the first quarter of 2015. Even though the GDP data is seasonally adjusted, we have had a spate of weak Q1 … Continue reading

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Strong Auto Industry Bolsters Detroit

Lower gasoline prices, strong job creation and improving consumer confidence are a potent combination for U.S. auto sales, and that is good news for Detroit. U.S. auto sales look like they are getting close to the top of the cycle, … Continue reading

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Central West Michigan Gains Strength

The significant decline in gasoline prices and gains in house price have boosted consumer confidence all over the nation, especially in Central West Michigan, where the economy is tightly connected with auto industry. Sales of SUVs and light trucks have … Continue reading

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Phoenix Economy Shows Gradual, Sustainable Improvement

The Phoenix metro area ended 2014 with a 2.7 percent increase in total nonfarm employment. Growth occurred in most employment sectors, with particularly pronounced December-over-December changes in professional and business services and education and health services. These two industries alone … Continue reading

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Southern California and Port Negotiations

Increased congestion at the Ports of Los Angeles and Long Beach is disrupting normal supply chains. Companies importing goods have to make the decision between suspending manufacturing operations, diverting shipments to Gulf and East coast ports, or using more expensive … Continue reading

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Northern California Faces Trade and Housing Headwinds

Northern California labor markets are heading into 2015 with strong momentum. The region added another 104,000 nonfarm payrolls in the 12 months ending in December 2014. The area’s labor force gained a net 85,000 participants last year, its highest annual … Continue reading

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San Antonio’s Economy To Cool as Energy Sector Consolidates

The San Antonio economy will feel the drag from a consolidating energy sector this year. Oil field activity is slowing down in the Eagle Ford basin due to the decline in oil and natural gas prices that began at mid-year … Continue reading

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North Texas Continues to Prosper, But Lower Oil Prices Will Weigh on Growth

The North Texas economy finished 2014 strongly, with December payroll jobs up 4.4 percent over the previous 12 months. The metro area unemployment rate was down to 4.6 percent in December and is expected to continue to fall through 2015. … Continue reading

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Austin’s Economy Still Strong

The Austin metropolitan area consistently outpaced U.S. job growth for most of the last 25 years. The key exception was during the aftermath of the 2001 recession, the so-called “jobless recovery,” when Austin underperformed. Recently, payroll job growth in Austin … Continue reading

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