Tag Archives: u.s.

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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Comerica Economic Weekly

This week’s U.S. economic news was dominated by the Federal Reserve and their monetary policy announcement of March 18. As expected, the FOMC removed the word “patient” from their forward guidance on interest rates. FOMC chairwoman Janet Yellen, in her … Continue reading

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February Residential Construction, Industrial Production

Housing Stops and Industrial Reduction February Housing Starts fell hard by 17.0 percent to an 897,000 unit annual rate. Permits for new residential construction increased in February by 3.0 percent to a 1,092,000 unit pace. The National Association of Home … Continue reading

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Comerica Economic Weekly

U.S. data from the second week of March were disharmonious with the strong February employment data of the week before. Weather, oil prices, the strong dollar, the roll out of the Affordable Care Act, amongst other factors, are retuning parts … Continue reading

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February Retail Sales, January Inventories, March UI Claims

Sales Disappoint Again, Weather Blamed, Gasoline Prices Up February Retail Sales fell by 0.6 percent; down for the third consecutive month. Ex-auto Retail Sales decreased by 0.1 percent even as gasoline sales increased. Business Inventories for January were unchanged for … Continue reading

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March 2015, Comerica U.S. Economic Update

The U.S. jobs machine remains in high gear. Despite bad weather, 295,000 payroll jobs were added on net in February. Job gains were broad-based but there was a decline in the mining sector of 9,300 jobs, consistent with lower crude … Continue reading

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Comerica Economic Weekly

U.S. economic data from first week of March was generally positive and consistent with an ongoing expansion through the first quarter of the year. The impressive February jobs numbers focused attention back on the Federal Reserve. Despite bad weather, 295,000 … Continue reading

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February U.S. Employment, January International Trade

Despite Bad Weather, Another Strong Month for Job Growth The February Payroll Employment Survey showed a stronger-than-expected gain of 295,000 payroll jobs. The Unemployment Rate for February fell to 5.5 percent. Average Weekly Hours for all employees were steady at … Continue reading

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February ISM Manufacturing, January Income and Construction Spending

Manufacturing Sector Still Expanding but Headwinds are Increasing The ISM Manufacturing Index for February decreased again to a still-positive 52.9 percent. January Personal Income increased by 0.3 percent for the second month in a row. January Personal Consumption Expenditures decreased … Continue reading

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