Category Archives: Weekly

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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Comerica Economic Weekly

U.S. data was mixed this week. Q1 GDP growth was tepid, but March new home sales were strong. 2017Q1 real GDP registered a sluggish 0.7 percent annualized growth rate, about as expected. Personal consumption expenditures increased at a very low … Continue reading

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Comerica Economic Weekly

U.S. data was mixed this week, consistent with our expectation of modest first quarter real GDP growth. We look for about 1.1 percent 2017Q1 real GDP growth when the data is released next Friday. Housing starts dropped by 6.8 percent … Continue reading

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Comerica Economic Weekly

It has been an active week for economic developments. U.S. economic data was generally positive this week, despite the miss on March payroll employment. We saw some discussion in the minutes of the March Federal Open Market Committee meeting that … Continue reading

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Comerica Economic Weekly

Expectations for a fed funds rate hike at the upcoming May 2-3 Federal Open Market Committee meeting remain muted. According to the fed funds futures market, the implied probability of a 25 basis point rate hike on May 3 is … Continue reading

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