Category Archives: United States

Comerica Economic Weekly

At the halfway point in 2015 we see reasons to expect solid U.S. economic growth through the second half of the year. U.S. data at the end of the second quarter are encouraging. There is ample evidence of a pickup … Continue reading

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June U.S. Employment, Auto Sales, ISM MF, UI Claims, May Construction Spending

U.S. Gains Momentum through Q2 as Greece Melts Down June Payroll Employment increased by 223,000 jobs. April and May were revised down by 60,000. The Unemployment Rate for June fell to 5.3 percent as the labor force shrank. Average Weekly … Continue reading

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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

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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

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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

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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

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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

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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

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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

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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

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