Category Archives: Weekly

Comerica Economic Weekly

U.S. data released this week were consistent with an economy that has warmed up a bit after a chilly Q1. Retail sales beat expectations for the second month, increasing in May by 0.5 percent. Already strong April retail sales growth … Continue reading

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Comerica Economic Weekly

Economists are still trying to digest the big miss in the May payroll data, when only 38,000 payroll jobs were added for the month. It was a light week for data, but three data releases from this week add to … Continue reading

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Comerica Economic Weekly

It was a short but interesting data-intensive week for the U.S. economy, starting out with a positive income and spending report for April and ending with a clunker of a jobs report for May. Income and spending data for April … Continue reading

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Comerica Economic Weekly

We had several U.S. economic data points released this week, but the big news came from a source that is often just background information: the minutes of the Federal Open Market Committee. In the minutes of the FOMC meeting of … Continue reading

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Comerica Economic Weekly

U.S. economic data through mid-May remained consistent with an economy that is expanding while it feels the pressures of low oil prices and increasing oil prices at the same time. Retail sales increased in April by 1.3 percent, the strongest … Continue reading

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Comerica Economic Weekly

Despite the miss on the April payroll jobs numbers, U.S. economic data this week remained consistent with our expectation for a modest-to-moderate pick up in second quarter GDP growth after a weak first quarter. April’s net payroll job gains of … Continue reading

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Comerica Economic Weekly

As we close out first quarter U.S. data releases it has become obvious that the U.S. economy lost significant momentum over the winter. First quarter 2016 real GDP growth was a weak 0.5 percent annualized growth. On a quarter-over-quarter basis, … Continue reading

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Comerica Economic Weekly

U.S. economic data released this week from the end of the first quarter was consistent with our expectation of anemic Q1 growth, followed by improving conditions in the current quarter and beyond. Let’s start with the good news first. The … Continue reading

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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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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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