Category Archives: General

May ADP Employment, Auto Sales, ISM MF and Non-MF, April Trade

U.S. Data Improves, Consistent with 2015 GDP Ramp-Up After Dismal Q1 Private-Sector Employment increased by 201,000 jobs in May, according to ADP. Light Vehicle Sales zoomed to a 17.8 million unit annual rate in May. The ISM Manufacturing Index for … Continue reading

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Comerica Economic Weekly

The forward-looking data from this week were positive. The backward-looking numbers, not so much. U.S. real GDP growth for Q1 was revised to a -0.7 percent annual rate, about as expected. This is a backward looking number, and a number … Continue reading

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From the Desk of Robert Dye

Weekly Unemployment Insurance Claims Increase, but Still Look Very Good Labor market metrics continue to look good. Today’s data release of initial claims for unemployment insurance shows an increase of 7,000 initial claims for the week ending May 23, to … Continue reading

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From the Desk of Robert Dye

Thoughts About Greece as the June 5 Payment Deadline Approaches According to today’s Financial Times, Greece owes a 300 million euro payment to the International Monetary Fund on June 5. There is widespread concern in global financial markets about Greece’s … Continue reading

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Comerica Bank’s Texas Index Continues Decline on Oil

Comerica Bank’s Texas Economic Activity Index eased again in March, decreasing 3.4 percentage points to a level of 101.1. March’s reading is 29 points, or 39 percent, above the index cyclical low of 72.6. The index averaged 105.1 points for … Continue reading

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Comerica Bank’s Michigan Index Sees Second Consecutive Decline

Comerica Bank’s Michigan Economic Activity Index decreased in March, losing 0.8 percentage points to reach a level of 117.8. March’s reading is 44 points, or 60 percent, above the index cyclical low of 73.8. The index averaged 117.6 points for … Continue reading

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Comerica Bank’s California Index Eases for First Time in a Year

Comerica Bank’s California Economic Activity Index declined in March, decreasing 0.6 percentage points to a level of 118.8. March’s reading is 35 points, or 42 percent, above the index cyclical low of 83.8. The index averaged 113.7 points for all … Continue reading

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Comerica Bank’s Arizona Index Still Gaining

Comerica Bank’s Arizona Economic Activity Index grew again in March, increasing 0.4 percentage points to a level of 107.3. March’s index reading is 31 points, or 40 percent, above the index cyclical low of 76.7. The index averaged 99.9 points … Continue reading

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Comerica Bank’s Florida Index Shows Strong Growth

Comerica Bank’s Florida Economic Activity Index gained in March, growing 3.5 percentage points to a level of 133.2. March’s index reading is 55 points, or 71 percent, above the index cyclical low of 78.0. The index averaged 118.0 in 2014, … Continue reading

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May Consumer Confidence, April Home Sales, Durable Goods, March Home Prices

Better Data Bolsters Case for GDP Rebound New Home Sales for April increased by 6.8 percent to an annual rate of 517,000 units. The Conference Board’s Consumer Confidence Index climbed moderately to 95.4 in May. New Orders for Durable Goods … Continue reading

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