Tag Archives: monthly

Michigan Index Gains in February

Posted on May 1, 2013 by Comerica Economics

Comerica Bank’s Michigan Economic Activity Index increased in February, up 0.1 points to a level of 117.8. Continue reading →

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The Inventory Swing and the Fiscal Cliff Increase Odds of Mid‐Year Lull

Posted on April 11, 2013 by Comerica Economics

Real GDP growth for the recently completed first quarter of 2013 appears likely to exceed earlier expectations when the first estimate is released on April 26. Despite the drag from fiscal tightening, real GDP growth is set to register in … Continue reading →

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U.S. Economy Maintains Momentum As Fiscal Headwinds Increase

Posted on March 12, 2013 by Comerica Economics

The federal spending sequester took effect March 1. The $85 billion reduction in federal defense and nondefense discretionary spending for FY2013 is expected to exert about a 0.6 percent drag on real GDP growth for 2013. This adds to the … Continue reading →

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Animal Spirits, Monetary Stimulus and Fiscal Tightening

Posted on February 6, 2013 by Comerica Economics

In their 2009 book entitled “Animal Spirits,” George Akerlof and Robert Shiller characterize the term as a “restless and inconsistent element in the economy…sometimes we are paralyzed by it. Yet at other times it refreshes and energizes us, overcoming our … Continue reading →

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