Category Archives: United States

Comerica Economic Weekly

It was a busy week for U.S. economic data, the majority of which was positive and consistent with an ongoing moderate economic expansion through the first quarter of 2017. The big non-news for the week was the Federal Reserve monetary … Continue reading

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January U.S. Employment, ISM Non-Manufacturing

 Job Growth Better Than Expected but Wage Gains Tepid Payroll Employment increased by 227,000 jobs in January, exceeding expectations. The Unemployment Rate for January ticked up again, to 4.8 percent. Average Hourly Earnings increased by just 0.1 percent for the … Continue reading

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January ADP Jobs, ISM-MF, Dec. Construction Spending, Nov. Home Prices

Strong Data Suggest Good Start to 2017 for U.S. Economy The January ADP Employment Report showed a strong gain of 246,000 private-sector jobs for the month. The ISM Manufacturing Index for January increased to 56.0, showing improving manufacturing conditions. Construction … Continue reading

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December Income and Spending

 Consumers Continue to Do Their Part U.S. Personal Income increased by 0.3 percent in December. After inflation and taxes, Real Disposable Income increased by 0.1 percent in December. Nominal Consumer Spending increased by 0.5 percent in December The PCE Price … Continue reading

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Comerica Economic Weekly

U.S. economic data released over the last week of January was generally positive, although 2016Q4 real GDP growth was weaker than expected. International data was also supportive. The first estimate of 2016Q4 real GDP growth came in at 1.9 percent … Continue reading

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2016Q4 GDP, December Durable Goods Orders

First Estimate of Q4 GDP Below Expectations on Drags from Trade, Defense, Weather Real Gross Domestic Product for 2016Q4 increased at a weaker-than-expected 1.9 percent annual rate. New Orders for Durable Goods decreased by 0.4 percent in December. The first … Continue reading

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December Existing Home Sales

  Sales Slip as Condos Crack Existing Home Sales decreased by 2.8 percent in December to a 5,490,000 unit annual rate. Existing home sales eased by 2.8 percent in December, ending the year in the same pattern that they started the … Continue reading

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Comerica Economic Weekly

It was a short week bookended by the Martin Luther King Day holiday and the inauguration of President Trump and Vice President Pence, but there was a good amount of data released, most of which was positive. Housing starts for … Continue reading

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Comerica Economic Weekly

U.S. economic data for the week was positive and consistent with an ongoing moderate economic expansion through the fourth quarter of 2016. The biggest surprise of the week came from the National Federation of Independent Business. Their Small Business Confidence … Continue reading

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December Retail Sales and Producer Prices

Cars and Gasoline December Retail Sales increased by 0.6 percent, boosted by auto sales and gasoline prices. Retail Sales Ex-Autos increased by 0.2 percent in December. The Producer Price Index for Final Demand gained 0.3 percent in December, on higher … Continue reading

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