Category Archives: United States

December ADP Jobs, ISM-Non MF, UI Claims, Auto Sales

Positive Data at Year-End Shows Momentum Heading into 2017. The Curse of Q1? The December ADP Employment Report showed a gain of 153,000 private-sector jobs for the month. The ISM Non-Manufacturing Index for December was unchanged at 57.2, showing ongoing … Continue reading

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Comerica Economic Weekly

U.S. economic data for the week was mixed. Most data was positive and consistent with near-3 percent real GDP growth for the fourth quarter. However, two data points for November were worse than expected, retail sales and housing starts. It … Continue reading

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November Consumer Prices, Dec. UI Claims, NY Fed, BOE

No Surprises from Today’s Data as We Wind Down Economics Publications for the Year The November Consumer Price Index increased by 0.2 percent, boosted by energy prices. Core CPI also increased by 0.2 percent, and was up 2.1 percent over … Continue reading

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Federal Reserve Monetary Policy

Fed Raises Short-Term Interest Rates 25 Basis Points As Expected As widely expected, the Federal Reserve raised the target range of the fed funds rate by 25 basis points. The vote of the Federal Open Market Committee was unanimous. The … Continue reading

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November Retail Sales, Industrial Production and Producer Prices

 Holiday Sales, Ho Ho No? November Retail Sales increased by just 0.1 percent. Industrial Production fell by 0.4 percent in November as utility output dropped. The Producer Price Index for Final Demand increased by 0.4 percent in November. The Federal … Continue reading

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Comerica Economic Weekly

It was a lighter week for U.S. data, but there was an important monetary policy announcement from the European Central Bank, and U.S. trade data has implications for fourth quarter GDP.  The European Central Bank left its key policy interest … Continue reading

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December 2016, Comerica Economic Outlook

After a Weak Start, U.S. Economy Set to Finish 2016 on a Stronger Note The recent upward revision to Q3 real GDP growth, to 3.2 percent, is a look in the rear-view mirror, but it does suggest that the U.S. … Continue reading

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Comerica Economic Weekly

Since we had the holiday week last week, we will cover two weeks’ worth of U.S. economic data, which has been generally favorable. Expectations for the official payroll job numbers for November were boosted by a stronger-than-expected ADP Employment Report, … Continue reading

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November U.S. Employment

Positive Jobs Report Sets the Stage for December 14 Rate Hike Payroll Employment increased by 178,000 jobs in November. The Unemployment Rate for November dropped to 4.6 percent. Average Hourly Earnings decreased by 0.1 percent for the month, after a … Continue reading

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November ISM-MF Index, UI Claims, October Construction Spending

The ISM Manufacturing Index for November increased to 53.2 percent, showing improving conditions. Initial Claims for Unemployment Insurance increased by 17,000, to 268,000 for the week ending Nov. 26. Construction spending increased by 0.5 percent in October. The ISM Manufacturing … Continue reading

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