Category Archives: United States

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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Comerica Economic Weekly

In an increasingly familiar pattern, data was mixed again this week. Forward-looking indicators were generally positive and consistent with improved economic performance this summer. After slumping through February and March, residential construction activity rebounded in April. Total housing starts surged … Continue reading

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April Leading Indicators, Existing Home Sales, May UI Claims, Fedspeak

Indicators Show Rebound After Weak Q1, Fed Rules Out June Lift-Off The Conference Board’s Leading Economic Index for April increased by 0.7 percent. Existing Home Sales for April declined by 3.3 percent to a 5.04 million unit annual rate. Initial … Continue reading

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April Residential Construction, May Home Builders Survey

Housing Started but Builders Balked April Housing Starts increased by a strong 20.2 percent to a 1,135,000 unit annual rate. Permits for new residential construction climbed in April by 10.1 percent to a 1,143,000 unit pace. The National Association of … Continue reading

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Comerica Economic Weekly

It was a another week of softer-than-expected U.S. data. Our view is that this is a transitional economy right now. The drivers of the U.S. economy through the post-recession recovery phase are giving way to a new set of drivers … Continue reading

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May 2015, Comerica U.S. Economic Update

You never cross the same river twice. This also is true of the complex adaptive system known as the U.S. economy; it is always changing. As we muddle through the current business cycle, three distinct economic periods are apparent. First … Continue reading

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Comerica Economic Weekly

This week’s economic data was mixed, but directionally positive. Backward looking trade data, with implications for Q1 GDP was negative, while forward looking data was positive. Labor data is looking better, suggesting gains in consumer spending later this year. Job … Continue reading

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April U.S. Employment

Hiring Bounces Back in April, Unemployment Rate Drops to 5.4 Percent April Payroll Employment bounced back to show a gain of 223,000, as March was revised down to +85,000. The Unemployment Rate for April fell to 5.4 percent. Average Weekly … Continue reading

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Comerica Economic Weekly

This week’s economic scene was dominated by what did not happen. The Federal Reserve did not clear the fog around interest rate expectations. First quarter GDP, March personal income and the April ISM MF Index did not do much of … Continue reading

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March Income and Spending, Q1 Employment Costs, April UI Claims, Fed

Unconvincing Data Keeps Fed on Hold S. Personal Income was unchanged in March. After taxes and inflation it dipped 0.2 percent. Real Consumer Spending increased by 0.3 percent in March as auto sales rebounded. The Employment Cost Index continued to … Continue reading

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