Category Archives: United States

Comerica Economic Weekly

Oil prices have turned, and so have a host of economic indicators. We expect April’s CPI and PPI to further reflect the push from higher crude oil and product prices, beyond what we saw this week in the March PPI … Continue reading

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March Retail Sales, Producer Prices, February Inventories

Headline Numbers Weak, But Details Mixed in Today’s Economic Data March Retail Sales declined by 0.3 percent, as auto sales fell. Ex-auto Retail Sales increased by 0.2 percent, supported by building materials. The Producer Price Index for Final Demand fell … Continue reading

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Comerica Economic Weekly

It was a fairly light week for U.S. economic data. Economic news was dominated by oil prices, Fedspeak and the dollar. This was not a spurious relationship. The three are closely linked. Let’s start with oil. U.S. oil prices respond … Continue reading

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March ISM Non-MF, February Trade and JOLTS

Trade Expected to Drag on Q1 GDP, Service Sector and Labor Data Positive The ISM Non-Manufacturing Index for March increased to 54.5 percent. The U.S. International Trade Gap widened in February to -$47.1 billion. The JOLTS Report for February showed … Continue reading

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April 2016, Comerica U.S. Economic Update

We expect to see another sub-par GDP report for the recently completed first quarter of 2016 when the first estimate of Q1 GDP growth is released on April 28. Consumer spending has been stable, but uninspired. Business investment has been … Continue reading

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Comerica Economic Weekly

U.S. economic data at the start of the second quarter is looking good. Labor data for March was solid. Payroll employment increased by 215,000 jobs for the month, a little stronger than expected. Despite the strong job gains the unemployment … Continue reading

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March U.S. Employment

Another Solid Jobs Report. No Fooling! March Payroll Employment increased by a solid 215,000 jobs, just above expectations. The Unemployment Rate for March ticked up to 5.0 percent with strong recent gains in the labor force. Average Hourly Earnings increased … Continue reading

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March ADP Jobs, January Home Prices, Yellen Speech

Jobs Growth and House Prices Support U.S. Households, Yellen Dials Back Expectations The February ADP Employment Report showed a gain of 200,000 private-sector jobs. The January Case-Shiller U.S. National House Price Index was up 5.4 percent from a year earlier. … Continue reading

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February Income and Spending

Modest Income Growth Tempered by Declining Corporate Profits U.S. Personal Income increased by 0.2 percent in February, despite strong job growth. Real disposable income gained 0.3 percent for the month. Nominal Consumer Spending increased by just 0.1 percent in February … Continue reading

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Comerica Economic Weekly

March has been a better month for U.S. financial markets. Equity markets have now largely clawed back their January and early February losses. Long-term bond yields have increased, but not by as much as they would have without the downward … Continue reading

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