Category Archives: United States

2015Q2 GDP and Revisions, July UI Claims

Second Quarter Real GDP Increased at a 2.3% Annual Rate, Q1 Revised Up Real Gross Domestic Product for 2015Q2 increased at a 2.3 percent annual rate. First quarter real GDP growth was revised up from -0.2 to +0.6 percent. Initial … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. data, and perhaps the closest we have come to the seasonal doldrums this summer. Financial markets are digesting Amazon’s Q2 earnings, international data and a weaker-than-expected report on U.S. new home sales for … Continue reading

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Comerica Economic Weekly

U.S. economic data from the middle of July are consistent with an acceleration in economic momentum through the second quarter. Global financial markets were calmer as Greece and the EU pulled back from the brink. There remains much work to … Continue reading

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June Industrial Production, PPI, Yellen Testimony

Production Gains on Utility Output, Yellen Green Lights 2015 Rate Hike Industrial Production for June increased by 0.3 percent as utility and mining output climbed. The Producer Price Index for Final Demand increased by 0.4 percent in June. FOMC Chairwoman … Continue reading

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June Retail Sales, NFIB

Disappointing June Sales Shave Q2 GDP June Retail Sales declined by 0.3 percent, after gaining 1.0 percent in May. Ex-auto Retail Sales dipped by 0.1 percent, with most broad categories down. The National Federation of Independent Business’ Small Business Optimism … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. economic data, but a busy week nonetheless as Greece, China, oil prices and the Fed generated numerous headlines. Greece and the European Union appear to be inching toward a deal that will allow … Continue reading

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July 2015, Comerica U.S. Economic Update

Greece is flirting with disaster. The referendum of July 5th, rejecting bailout terms, added no clarity to the path for Greece and the European Union. Last minute final final negotiations could not be more important for the citizens of Greece, … Continue reading

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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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