Category Archives: Weekly

Comerica Economic Weekly

Economic data this week showed a good finish for the recently completed second quarter, and a good start to the current third quarter. Housing starts increased in June by 8.3 percent, to a 1.215 million unit annual rate. The volatile … Continue reading

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Comerica Economic Weekly

Economic data this week are again consistent with a moderate rebound in U.S. GDP growth for the second quarter. The first estimate of Q2 GDP is due out on July 28. Payroll employment increased by a strong 222,000 net jobs … Continue reading

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Comerica Economic Weekly

Economic data this week are again consistent with a moderate rebound in U.S. GDP growth for the nearly complete second quarter. First quarter real GDP growth was revised up slightly to a modest 1.4 percent annualized rate. This is still … Continue reading

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Comerica Economic Weekly

We attended the semi-annual meeting of the Economic Advisory Council of the American Bankers Association this week in Washington DC. This is a meeting of chief economists of major U.S. banks and financial institutions. The consensus expectation of this group … Continue reading

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Comerica Economic Weekly

We saw several important data releases this week and significant action and non-action by central banks. U.S. economic data for the week was generally softer than expected. However, data are still supportive of an increase in GDP growth in the … Continue reading

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Comerica Economic Weekly

U.S. data releases this week were capped by a weaker-then-expected payroll employment gain in May, according to the BLS. However, other labor market indicators were solid. May payrolls expanded by 138,000 according to the BLS. The pace of U.S. job … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. data. April home sales were soft. Q1 GDP was revised up and the Fed minutes revealed more about balance sheet reduction. New home sales fell by 11.4 percent, to a 569,000 unit annual … Continue reading

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Comerica Economic Weekly

U.S. economic data this week was generally positive and consistent with an increase in the pace of real GDP growth in the second quarter, following a weak first quarter. Residential construction data was weaker than expected in April as total … Continue reading

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Comerica Economic Weekly

U.S. economic data this week showed stronger-than-expected inflation in April, ongoing positive labor market indicators, and positive news about U.S. consumers. Overall, the data were consistent with our expectation for improved GDP growth in Q2, after a weak Q1. Upstream … Continue reading

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Comerica Economic Weekly

It was a busy week for U.S. economic developments, which ended on a good note with the April jobs report. April payroll employment growth bounced back after a weak March, showing a net gain of 211,000 jobs for the month. … Continue reading

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