Category Archives: General

2015Q2 GDP and Revisions, July UI Claims

Second Quarter Real GDP Increased at a 2.3% Annual Rate, Q1 Revised Up Real Gross Domestic Product for 2015Q2 increased at a 2.3 percent annual rate. First quarter real GDP growth was revised up from -0.2 to +0.6 percent. Initial … Continue reading

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From the Desk of Robert Dye

To Rent or to Own? The Census Bureau reports that the U.S. homeownership rate dropped to 63.4 percent of households in the second quarter of 2015. This is the lowest homeownership rate since the mid-1960s, and it highlights the stark … Continue reading

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Comerica Bank’s California Index Shows Improving State Economy

Comerica Bank’s California Economic Activity Index grew in May, increasing 0.8 percentage points to a level of 120.5. May’s reading is 36 points, or 43 percent, above the index cyclical low of 84.0. The index averaged 113.7 points for all … Continue reading

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Comerica Bank’s Texas Index Marks Seventh Consecutive Decline

Comerica Bank’s Texas Economic Activity Index eased again in May, decreasing 2.0 percentage points to a level of 96.6. May’s reading is 24 points, or 32 percent, above the index cyclical low of 72.9. The index averaged 105.2 points for … Continue reading

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Comerica Bank’s Michigan Index Sees Strongest Gain in a Decade

Comerica Bank’s Michigan Economic Activity Index continued to grow in May, increasing 3.3 percentage points to reach a level of 124.8. May’s reading is 51 points, or 69 percent, above the index cyclical low of 74.0. The index averaged 117.4 … Continue reading

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Comerica Bank’s Arizona Index Returns to Growth

Comerica Bank’s Arizona Economic Activity Index grew in May, increasing 0.3 percentage points to a level of 106.6. May’s index reading is 29 points, or 38 percent, above the index cyclical low of 76.9. The index averaged 99.7 points for … Continue reading

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Comerica Bank’s Florida Index Continues to Shine

Comerica Bank’s Florida Economic Activity Index increased in May, growing 1.0 percentage point to a level of 136.5. May’s index reading is 58 points, or 75 percent, above the index cyclical low of 78.1. The index averaged 117.6 in 2014, … Continue reading

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From the Desk of Robert Dye

Oil and the Texas Economy The Texas economy has shown remarkable resilience in the face of the dramatic decline in the price of oil that began about this time last year. As oil prices fell, so too did an important … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. data, and perhaps the closest we have come to the seasonal doldrums this summer. Financial markets are digesting Amazon’s Q2 earnings, international data and a weaker-than-expected report on U.S. new home sales for … Continue reading

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Comerica Economic Weekly

U.S. economic data from the middle of July are consistent with an acceleration in economic momentum through the second quarter. Global financial markets were calmer as Greece and the EU pulled back from the brink. There remains much work to … Continue reading

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