Category Archives: General

Comerica Bank’s Florida Index Continues Strong Gains

Comerica Bank’s Florida Economic Activity Index increased in April, growing 1.7 percentage points to a level of 135.5. April’s index reading is 57 points, or 73 percent, above the index cyclical low of 78.1. The index averaged 117.6 in 2014, … Continue reading

Posted in Florida, General, Indices | Tagged , | Comments Off on Comerica Bank’s Florida Index Continues Strong Gains

From the Desk of Robert Dye

More Thoughts About Greece When I last wrote about Greece, at the end of May, I said that the probability of Greece exiting the European Union soon was about 25 percent. The failure of recent negotiations between the Greek government … Continue reading

Posted in From the Desk of Robert Dye, General, Global Economy | Comments Off on From the Desk of Robert Dye

Comerica Economic Weekly

U.S. economic data from this week confirm that the household sector is strengthening, driving a GDP rebound for the about-to-be completed second quarter. Labor market conditions are improving, home sales are ramping up, auto sales are robust and the strong … Continue reading

Posted in General, United States, Weekly | Tagged , , | Comments Off on Comerica Economic Weekly

May Income/Spending, June UI Claims

Strong Spending Points to Q2 GDP Rebound U.S. Personal Income increased by 0.5 percent in May. After taxes and inflation it gained 0.2 percent. Nominal Consumer Spending increased by 0.9 percent in May driven by auto sales. Initial Claims for … Continue reading

Posted in Daily, General, United States | Tagged , , , , | Comments Off on May Income/Spending, June UI Claims

From the Desk of Robert Dye

This morning, the Bureau of Economic Analysis released their third estimate of first quarter 2015 real GDP growth. It now shows a -0.2 percent annual rate, revised up from the previous estimate of -0.7 percent. The initial estimate, released at … Continue reading

Posted in From the Desk of Robert Dye, General, United States | Tagged , | Comments Off on From the Desk of Robert Dye

May Home Sales, Durable Goods Orders

Housing Heats Up Ahead of the Fed, Orders Lose Altitude on Aircraft New Home Sales for May increased by 2.2 percent to an annual rate of 546,000 units. Existing Home Sales in May gained 5.1 percent, to a 5.35 million … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off on May Home Sales, Durable Goods Orders

From the Desk of Robert Dye

In its monetary policy statement this afternoon, the Federal Open Market Committee made no changes to interest rate policy. The Fed did acknowledge that the U.S. economy has recently improved, after a weak first quarter.  Fed officials believe that U.S. … Continue reading

Posted in From the Desk of Robert Dye, General, United States | Tagged , | Comments Off on From the Desk of Robert Dye

Comerica Economic Weekly

Strong U.S. economic data are raising expectations for the remainder of the year after a weak Q1. So far this month, two nagging questions about the U.S. economy have been answered. The first nagging question was about the rate of … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

June 2015, Comerica U.S. Economic Update

The mystery number known as Q1 real gross domestic product growth is currently set at -0.7 percent. That may not be its final resting place. On July 30, the Bureau of Economic Analysis will release its annual revision for the … Continue reading

Posted in General, Monthly, United States | Tagged , | Comments Off on June 2015, Comerica U.S. Economic Update

May Retail Sales, April Inventories, June UI Claims

Consumers Missing in Action Reappear in May May Retail Sales surged by 1.2 percent as auto sales increased by 2.0 percent. Ex-auto Retail Sales increased by a strong 1.0 percent. Business Inventories for April increased by a moderate 0.4 percent. … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on May Retail Sales, April Inventories, June UI Claims