-
Recent Posts
Categories
Archives
Tag Archives: u.s.
Comerica Economic Weekly
Unemployment insurance claims and chain‐store sales, both due out Thursday, will be the most watched economic numbers for the week ahead. Continue reading
March Residential Construction, Consumer Prices, Industrial Production
Starts Hit Million Unit Rate, Consumer Prices Dip, Output Boosted by Weather Housing Starts for March increased by 7.0 percent to a 1,036,000 unit annual rate. Permits for new residential construction dipped in March by 3.9 percent to a 902,000 … Continue reading
The Inventory Swing and the Fiscal Cliff Increase Odds of Mid‐Year Lull
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
U.S. Economy Maintains Momentum As Fiscal Headwinds Increase
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
January Retail Sales, NFIB Survey, December JOLTS
Consumers Off to a Sluggish Start for Q1, Taxes Matter January Retail Sales increased by just 0.1 percent as consumers adjusted to higher taxes. Ex-auto Retail Sales gained 0.2 percent as general merchandise stores gained 1.1 percent. The NFIB Business … Continue reading
Comerica Economic Weekly
It was a light week for economic data with nothing to dispel the fog that has settled over the current quarter as we wait to see how consumers react to fiscal tightening. Strong income growth in December due to tax-avoidance … Continue reading
Animal Spirits, Monetary Stimulus and Fiscal Tightening
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
Comerica Economic Weekly
This week’s bumper crop of data was mixed (a farmer might call it a succotash field, to stretch the analogy) as the negative sign on fourth quarter GDP and the increase in the unemployment rate in January were countered by … Continue reading
December New Home Sales
Weather May Have Obscured Improving Trend New Home Sales for December decreased by 7.3 percent, to a 369,000 unit annual rate. The Months’ Supply of new homes increased in December to 4.9 months’ worth. The new home sales data … Continue reading
Subscribe to feed
Follow us on Twitter