Category Archives: General

September ADP Employment, ISM-MF Index, August Construction Spending

Solid Q3 Data Keeps the Fed on Track for Policy Pivot The September ADP Employment Report showed a solid gain of 213,000 private-sector jobs. The ISM-Manufacturing Index for September fell to a still-positive 56.6, indicating improving conditions. Total Construction Spending … Continue reading

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Comerica Bank’s Florida Index Advanced in July

Comerica Bank’s Florida Economic Activity Index improved in July, growing 2.5 percentage points to a level of 121.6. July’s index reading is 41 points, or 51 percent, above the index cyclical low of 80.4. The index averaged 114 in 2013, … Continue reading

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Comerica Bank’s Arizona Index Dipped in July

Comerica Bank’s Arizona Economic Activity Index fell in July, declining 4.6 percentage points to a level of 105.4. July’s index reading is 34 points, or 48 percent, above the index cyclical low of 71.0. The index averaged 97 points for … Continue reading

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Comerica Economic Weekly

U.S. economic data released over the last full week of September were consistent with ongoing GDP expansion. However, the data was somewhat nuanced, and subject to interpretation. The interpretation of housing-related data is challenging. The real face of the housing … Continue reading

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August New and Existing Home Sales

New Home Sales Jump in August, Existing Sales Cooler New Home Sales for August jumped by 18.0 percent, to an annual rate of 504,000. Existing Homes Sales dipped by 1.8 percent in August, to hit an annual rate of 5.05 … Continue reading

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Comerica Bank’s California Index Eased in July

Comerica Bank’s California Economic Activity Index dipped in July, falling 2.3 percentage points to a level of 111.0. July’s reading is 39 points, or 53 percent, above the index cyclical low of 72.5. The index averaged 106 points for all … Continue reading

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Comerica Bank’s Texas Index Eased in July

Comerica Bank’s Texas Economic Activity Index took a breather in July, declining 0.7 percentage points to a level of 111.2. July’s reading is 39 points, or 55 percent, above the index cyclical low of 71.8. The index averaged 105 points … Continue reading

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Comerica Bank’s Michigan Index Climbed Again in July

Comerica Bank’s Michigan Economic Activity Index grew in July, jumping 6.2 percentage points to a level of 133.7. July’s reading is 62 points, or 87 percent, above the index cyclical low of 71.6. The index averaged 125 points for all … Continue reading

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Comerica Economic Weekly

U.S. economic data released in early September remains consistent with ongoing moderate economic expansion. The miss in August payroll employment last week, coming in at +142,000 jobs, was countered today by better than expected retail sales. Today’s retail sales report … Continue reading

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September 2014, Comerica U.S. Economic Update

The Miss, the Pivot, the De-Synchronization, the Drag and the End of Slack U.S. payroll employment increased by only 142,000 in August, missing the consensus expectation of about 215,000. The weaker-than-expected jobs report breaks the chain of six consecutive +200K … Continue reading

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