Tag Archives: u.s.

Comerica Economic Weekly

We approach the end of the year with the price of oil, the health of the Russian economy and the Federal Reserve as hot topics this week. WTI crude oil traded in a range of about $54 to $58 per … Continue reading

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Comerica Economic Weekly

The economic discussion this week was focused on the price of oil. At this writing the NYMEX price for WTI is listed at $57.96 per barrel, well below the 52-week high of $102.53 from last June 25th. The national average … Continue reading

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November Retail Sales, October Inventories, December UI Claims

Autos Set the Pace for Strong Retail Sales November Retail Sales increased by 0.7 percent, boosted by surging auto sales. Ex-auto Retail Sales gained 0.5 percent. Most categories were up. Service station sales dropped. Business Inventories for October were up … Continue reading

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December 2014, Comerica U.S. Economic Update

Reset in Q4 GDP but Still Good Momentum at Year End We look for a reset in Q4 real GDP growth after two strong quarters. Following a weak start to the year, in part due to extreme winter weather conditions … Continue reading

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Comerica Economic Weekly

Solid U.S. data for October and November is making for a happy start to the holiday season. Payroll employment data for November show strong momentum for the U.S. economy in Q4. November payrolls were up by 321,000, well above the … Continue reading

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November U.S. Employment

Blowout Month for Payrolls, Up 321,000, Unemployment Rate Steady at 5.8 Percent The November Payroll Employment Survey showed a robust gain of 321,000 payroll jobs. The Unemployment Rate for November held steady at 5.8 percent. Average Weekly Hours for all … Continue reading

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Comerica Economic Weekly

There are many moving parts in the economic story this week. We can begin and end with central bank policy. China is responding to expectations for cooler growth. It looks like they may miss 7.5 percent real GDP growth target … Continue reading

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October Consumer Prices, Existing Home Sales, Leading Indicators, November UI Claims

Low Oil Prices Dampen Consumer Inflation, Indicators Cruising into Q4 The October Consumer Price Index was unchanged as lower energy prices were met by higher air fares. The October Core CPI gained 0.2 percent, and was up 1.8 percent over … Continue reading

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October Residential Construction, Producer Prices

Home Construction Still Range Bound, but Builder Sentiment Improves October Housing Starts decreased by 2.8 percent to a 1,009,000 unit annual rate. Permits for new residential construction increased in October by 4.8 percent to a 1,080,000 unit pace. The Producer … Continue reading

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October Industrial Production, Empire State Survey

Production Eases on Utilities and Mining Industrial Production for October eased by 0.1 percent as utility and mining output dropped. The Empire State Manufacturing Survey increased in November to 10.2. Total industrial production for October eased by 0.1 percent despite … Continue reading

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