Category Archives: United States

February ISM Manufacturing, January Income and Construction Spending

Manufacturing Sector Still Expanding but Headwinds are Increasing The ISM Manufacturing Index for February decreased again to a still-positive 52.9 percent. January Personal Income increased by 0.3 percent for the second month in a row. January Personal Consumption Expenditures decreased … Continue reading

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Comerica Economic Weekly

U.S. economic data from the end of February are consistent with an economy that expanded through the winter, but at a slower rate than we saw through the middle of last year. Fourth quarter real GDP growth was revised down … Continue reading

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Comerica Economic Weekly

The short week produced mixed U.S. data. Signs continue to point to a weak, but positive, GDP reading for the first quarter of 2015. Even though the GDP data is seasonally adjusted, we have had a spate of weak Q1 … Continue reading

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January Residential Construction, Producer Prices, Industrial Production

Home Construction Snowed In, Producer Prices Falling, Production Warmed Up January Housing Starts fell by 2.0 percent to a 1,065,000 unit annual rate. Permits for new residential construction dipped in January by 0.7 percent to a 1,053,000 unit pace. The … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. data, dominated by a weak retail sales report. Retail sales this winter sagged under the weight of falling gasoline prices, but that is not all to the story. Even non-gasoline sales have been … Continue reading

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January Retail Sales, December Inventories, February UI Claims

Job Gains and Cheap Gasoline Were Not Enough to Spur Sales January Retail Sales decreased by 0.8 percent, as non-gasoline categories slumped. Ex-auto Retail Sales fell by 0.9 percent. Business Inventories for December were up by 0.1 percent. Initial Claims … Continue reading

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February 2015, Comerica U.S. Economic Update

A consistent clear positive signal for the U.S. economy is coming from job growth. Payrolls in January registered a stronger-than-expected 257,000 net new jobs. The already strong November and December jobs numbers were revised up to a robust 423,000 and … Continue reading

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Comerica Economic Weekly

U.S. economic data released in the first week of February was mixed, but capped by a strong jobs report. Payroll job growth in January registered a stronger-than-expected 257,000 jobs. The unemployment rate ticked up inconsequentially to 5.7 percent in January. … Continue reading

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January 2015 U.S. Employment

U.S. Jobs Machine in High Gear The January Payroll Employment Survey showed a stronger-than-expected gain of 257,000 payroll jobs. The Unemployment Rate for January ticked up to 5.7 percent. Average Weekly Hours for all employees were steady at 34.6 hours. … Continue reading

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January ISM Manufacturing, December Income and Construction Spending

Manufacturing Sector Still Expanding but West Coast Docks Problematic The ISM Manufacturing Index for January decreased to a still-positive 53.5 percent. December Personal Income increased by 0.3 percent with little help from wages and salaries. December Personal Consumption Expenditures decreased … Continue reading

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