Category Archives: General

Comerica Bank’s Texas Index Sees Lightest Decline Since Energy Downturn

Comerica Bank’s Texas Economic Activity Index fell in February, decreasing 0.1 percentage points to a level of 92.4. February’s reading is 20 points, or 27 percent, above the index cyclical low of 72.8. The index averaged 97.7 points for all … Continue reading

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Comerica Bank’s California Index Flat on Stalling Tech Sector

Comerica Bank’s California Economic Activity Index was unchanged in February, maintaining a level of 119.7. February’s reading is 36 points, or 42 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all of 2015, six … Continue reading

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Comerica Bank’s Arizona Index Continues to Gain

Comerica Bank’s Arizona Economic Activity Index grew in February, increasing 0.4 percentage points to a level of 110.1. February’s index reading is 33 points, or 43 percent, above the index cyclical low of 77.0. The index averaged 107.1 points for … Continue reading

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Comerica Bank’s Florida Index Continues Solid Performance

Comerica Bank’s Florida Economic Activity Index grew in February, increasing 1.7 percentage points to a level of 153.8. February’s index reading is 76 points, or 97 percent, above the index cyclical low of 78.1. The index averaged 138.0 in 2015, … Continue reading

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Comerica Bank’s Michigan Index Returns to Gains

Comerica Bank’s Michigan Economic Activity Index improved in February, increasing 0.5 percentage points to a level of 127.0. February’s reading is 53 points, or 71 percent, above the index cyclical low of 74.0. The index averaged 124.4 points for all … Continue reading

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Comerica Economic Weekly

U.S. economic data released this week from the end of the first quarter was consistent with our expectation of anemic Q1 growth, followed by improving conditions in the current quarter and beyond. Let’s start with the good news first. The … Continue reading

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March Leading Indicators, Existing Home Sales, April UI Claims, ECB/FOMC

Indicators Positive but Fed not Likely to Respond The Conference Board’s Leading Economic Index for March increased by 0.2 percent. Existing Home Sales for March increased by 5.1 percent to a 5.33 million unit annual rate. Initial Claims for Unemployment … Continue reading

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Comerica Economic Weekly

Oil prices have turned, and so have a host of economic indicators. We expect April’s CPI and PPI to further reflect the push from higher crude oil and product prices, beyond what we saw this week in the March PPI … Continue reading

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March Retail Sales, Producer Prices, February Inventories

Headline Numbers Weak, But Details Mixed in Today’s Economic Data March Retail Sales declined by 0.3 percent, as auto sales fell. Ex-auto Retail Sales increased by 0.2 percent, supported by building materials. The Producer Price Index for Final Demand fell … Continue reading

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Comerica Economic Weekly

It was a fairly light week for U.S. economic data. Economic news was dominated by oil prices, Fedspeak and the dollar. This was not a spurious relationship. The three are closely linked. Let’s start with oil. U.S. oil prices respond … Continue reading

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