Tag Archives: u.s.

Comerica Economic Weekly

The pushes and pulls on the U.S. economy are coming from multiple directions, adding to a sense of uncertainty that threatens to paralyze policy makers. Among the negatives are a stronger dollar and weakening oil patch, both headwinds for U.S. … Continue reading

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March Home Sales, April UI Claims

New Home Sales Reset in March, but Trend Looks Good New Home Sales for March decreased by 11.4 percent to an annual rate of 481,000 units. March Existing Home Sales increased by 6.1 percent, to a 5,190,000 unit annual rate. … Continue reading

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Comerica Economic Weekly

We saw more mixed data this week and a growing consensus that the Fed will not lift interest rates in June. After a three-month decline, retail sales increased by 0.9 percent in February, driven by retail sales of autos which … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. economic data, but three data releases all reinforced our view that the weaker-than-expected March jobs report, with just 126,000 net new jobs added, was a normal abnormality, and does not represent the start … Continue reading

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April 2015, Comerica U.S. Economic Update

If Punxsutawney Phil was an economist instead of a groundhog, he would have said on February 2, “six more weeks of soft data.” It was a bad winter for much of the country, and like the cold weather, soft economic … Continue reading

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Comerica Economic Weekly

This week’s U.S. data releases were mixed. Good news came from auto sales and unemployment insurance claims. Bad news came from a weaker-than-expected March jobs report. In March, just 126,000 net new payroll jobs were added to the U.S. economy, … Continue reading

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March ADP Jobs, ISM MF Index, February Construction Spending, January Case-Shiller HPI

Grab Bag of Economic Data Consistent with Moderate Growth Economy The March ADP Employment Report showed a moderate increase of 189,000 private-sector jobs. The ISM Manufacturing Index for March eased to a still-positive 51.5 percent. Construction Spending for February was … Continue reading

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February Income and Spending, Pending Home Sales

Consumers Spend Less, Save More…Preparing to Buy Houses? U.S. Personal Income increased by 0.4 percent in February, boosted by dividends. After accounting for inflation and taxes, Real Disposable Personal Income gained 0.2 percent. Real Personal Consumption Expenditures decreased by 0.1 … Continue reading

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Comerica Economic Weekly

It was a good news/bad news story at the end of March, providing us with cause for optimism and also cause for caution. Good news came from new home sales. One month does not make a trend, but February new … Continue reading

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February Home Sales and Consumer Prices

Breakout Month for New Home Sales Despite Bad Weather New Home Sales for February increased by 7.8 percent to an annual rate of 539,000 units. February Existing Home Sales gained2 percent, to a 4,880,000 unit annual rate. The Consumer Price … Continue reading

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