Tag Archives: u.s.

Comerica Economic Weekly

In an increasingly familiar pattern, data was mixed again this week. Forward-looking indicators were generally positive and consistent with improved economic performance this summer. After slumping through February and March, residential construction activity rebounded in April. Total housing starts surged … Continue reading

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Comerica Economic Weekly

It was a another week of softer-than-expected U.S. data. Our view is that this is a transitional economy right now. The drivers of the U.S. economy through the post-recession recovery phase are giving way to a new set of drivers … Continue reading

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May 2015, Comerica U.S. Economic Update

You never cross the same river twice. This also is true of the complex adaptive system known as the U.S. economy; it is always changing. As we muddle through the current business cycle, three distinct economic periods are apparent. First … Continue reading

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Comerica Economic Weekly

This week’s economic data was mixed, but directionally positive. Backward looking trade data, with implications for Q1 GDP was negative, while forward looking data was positive. Labor data is looking better, suggesting gains in consumer spending later this year. Job … Continue reading

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Comerica Economic Weekly

This week’s economic scene was dominated by what did not happen. The Federal Reserve did not clear the fog around interest rate expectations. First quarter GDP, March personal income and the April ISM MF Index did not do much of … Continue reading

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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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