Category Archives: United States

Comerica Economic Weekly

U.S. economic data for the week fell reasonably close to expectations and did not alter our view of a fed funds rate hike on December 14. U.S. nonfarm payrolls increased by a net 161,000 jobs in October, a little shy … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

October U.S. Employment, September International Trade

No Surprises Keeps the Fed on Track for a December 14 Rate Hike Payroll Employment increased by 161,000 jobs in October, dampened by Hurricane Matthew. The Unemployment Rate for October eased back to 4.9 percent. Average Hourly Earnings increased by … Continue reading

Posted in Daily, General, United States | Tagged , , , , | Comments Off on October U.S. Employment, September International Trade

October ISM Indexes, ADP Jobs, UI Claims, Central Banks

Fed Hints at December Rate Hike The ISM Non-Manufacturing Index for October eased to a still-positive 54.8. The ISM Manufacturing Index for October increased to 51.9, showing more momentum. According to ADP, 147,000 private sector jobs were added in October. … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on October ISM Indexes, ADP Jobs, UI Claims, Central Banks

September Income and Spending, Chicago PMI

No Tricks in the Income and Spending Report, Just Treats U.S. Personal Income increased by 0.3 percent in September. After inflation and taxes, Real Disposable Income was unchanged for the second month in a row. Nominal Consumer Spending increased by … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on September Income and Spending, Chicago PMI

Comerica Economic Weekly

U.S. economic data through the end of October was reasonably positive. We got our first estimate of third quarter real GDP growth this morning, and it came in about as expected, at a 2.9 percent annualized growth rate. A key … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

2016Q3 GDP, Sept. Durable Goods Orders, Oct. UI Claims

Q3 GDP Bounces Back on Inventory Build and Exports Real Gross Domestic Product for 2016Q3 increased at a moderate 2.9 percent annual rate. New Orders for Durable Goods were essentially unchanged, dipping by 0.1 percent in September. Initial Claims for … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on 2016Q3 GDP, Sept. Durable Goods Orders, Oct. UI Claims

Comerica Economic Weekly

U.S. economic data this week was consistent with our expectation for ongoing moderate economic growth through the third quarter. We will see if that actually happened when the first estimate of Q3 GDP is released next Friday morning, October 28. … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

September Residential Construction

Starts Stop, Permits Perk Up September Housing Starts unexpectedly fell by 9.0 percent to a 1,047,000 unit annual rate. Permits for new residential construction gained 6.3 percent to a 1,225,000 unit pace in September. Housing starts unexpectedly fell by 9.0 … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on September Residential Construction

September Consumer Prices, Industrial Production, October NAHB Survey

Higher Energy Prices Warm Up the CPI The September Consumer Price Index increased by 0.3 percent as energy prices climbed. The September Core CPI increased by 0.1 percent, and was up 2.2 percent over the previous 12 months. September Industrial … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off on September Consumer Prices, Industrial Production, October NAHB Survey

Comerica Economic Weekly

The fourth quarter of 2016 started with no big surprises from U.S. economic data. We expect to see a moderate uptick in U.S. real GDP growth in the third and fourth quarter, following weak gains through the first half of … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly