Category Archives: United States

From the Desk of Robert Dye

The global stock market sell-off that washed over into U.S. markets today reflects multiple sources of uncertainty. The health of the Chinese economy is of obvious concern. The world’s second largest economy appears to be closer to stalling than the … Continue reading

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Comerica Economic Weekly

Mid-summer data show that the U.S. economy is expanding at a moderate pace, driven by growth in the service sector, sufficient to keep overall job growth on track, and sufficient to keep the Federal Reserve on schedule for an interest … Continue reading

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July U.S. Employment

Payrolls Up 215,000, Looks like “Some” July Payroll Employment increased by 215,000 jobs. May and June payrolls were revised up by 14,000 jobs. The Unemployment Rate for July was unchanged at 5.3 percent. Average Weekly Hours edged up to 34.6 … Continue reading

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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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