Category Archives: General

Comerica Bank’s California Index Improves

Comerica Bank’s California Economic Activity Index improved by 0.1 percentage points in May to a level of 120.6. May’s reading is 37 points, or 43 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all … Continue reading

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Comerica Bank’s Florida Index Strengthens

Comerica Bank’s Florida Economic Activity Index improved 1.1 percentage points in May to a level of 155.7. May’s index reading is 78 points, or 99 percent, above the index cyclical low of 78.1. The index averaged 138.6 in 2015, twenty … Continue reading

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Comerica Bank’s Arizona Index Eases

Comerica Bank’s Arizona Economic Activity Index declined in May, down 0.2 percentage points to a level of 109.2. May’s index reading is 32 points, or 42 percent, above the index cyclical low of 77.0. The index averaged 106.9 points for … Continue reading

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Tepid Data Will Not Motivate the Fed to Raise Interest Rates Tomorrow The Consumer Confidence Index ticked down slightly in July from 97.4 to 97.3. New Home Sales for June increased by 3.5 percent to a 592,000 unit annual rate. … Continue reading

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Comerica Economic Weekly

U.S. economic data released this week was generally positive and consistent with an ongoing moderate GDP expansion in the third quarter. The Conference Board’s Leading Economic Index for June increased by 0.3 percent, consistent with our expectations of an ongoing … Continue reading

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June Leading Indicators, Existing Home Sales, July UI Claims, Central Banks

 “Encouraging Market Resilience” The Conference Board’s Leading Economic Index for June increased by 0.3 percent. Existing Home Sales for June increased by 1.1 percent to a 5.57 million unit annual rate. Initial Claims for Unemployment Insurance fell by 1,000 for … Continue reading

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June Residential Construction, July Homebuilders Survey

Starts Improve in June, But Still Range Bound June Housing Starts increased by 4.8 percent to a 1,189,000 unit annual rate. Permits for new residential construction ticked up by 1.5 percent to a 1,153,000 unit pace in June. The National … Continue reading

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Comerica Economic Weekly

U.S. data released this week was mostly positive, adding to expectations for a rebound in real GDP growth for the second quarter. Q2 GDP data will be released on July 29. Good economic data combined with the rally in U.S. … Continue reading

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June Retail Sales, Consumer Prices, Industrial Production

Strong Consumer Spending Supported Q2 GDP June Retail Sales increased by 0.6 percent, adding to expectations for a rebound in Q2 GDP growth. The Consumer price Index for June gained 0.2 percent, as energy prices increased. Industrial Production increased by … Continue reading

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June Producer Prices, July UI Claims, Global Monetary Policy

Energy Boosts Wholesale Inflation, Bank of England Pauses, Fed Will Too The June Producer Price Index increased by 0.5 percent with gains in energy prices. Initial Claims for Unemployment Insurance were unchanged, at a very low 254,000 in early July. … Continue reading

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