Tag Archives: u.s.

July Retail Sales, NFIB, June JOLTS

Shoppers Feeling Good, Went on Vacation in July, Sales Soft  Retail Sales for July disappointed, unchanged from June, providing a soft start to Q3 consumer spending. Ex-auto Retail Sales gained just 0.1 percent, pushed by clothing, personal care and food/beverages. … Continue reading

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Comerica Economic Weekly

Global financial markets were on edge this week, reacting to events outside the U.S. as geopolitical tensions increased in Ukraine and in the Middle East. Concern spread that Europe’s economic recovery may be stalling. China and Japan also appear to … Continue reading

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June International Trade, July ISM Non-MF, Mortgage Apps

U.S. Economic Data Continues a Strong Run The U.S. International Trade Gap narrowed to -$41.5 billion in June, adding to Q2 GDP. The ISM Non-Manufacturing Index advanced to 58.7 in June, its best reading ever, since 2008. The Composite Index … Continue reading

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Comerica Economic Weekly

U.S. economic data from the last week of July show a good start to Q3, but likely lower GDP growth than we saw in Q2. The first estimate of 2014Q2 real GDP growth came in stronger than expected, at a … Continue reading

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July U.S. Employment, June Income and Spending

Solid Job Growth Shows Ongoing Improvement to U.S. Economy July U.S. Payroll Employment increased by 209,000 jobs. May and June were revised up by 15,000. The Unemployment Rate for July ticked up inconsequentially to 6.2 percent. Average Hourly Earnings were … Continue reading

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2014Q2 GDP, July ADP Employment

Inventory Rebound Propels Q2 GDP, Job Growth Continues Real Gross Domestic Product growth for 2014Q2 was stronger than expected at 4.0 percent. Inventories rebounded after a weak first quarter, adding 1.7 percent to real GDP growth, not sustainable. Real Consumer … Continue reading

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Comerica Economic Weekly

U.S. economic data was generally a little softer than expected this week. This is not surprising given the spate of stronger-than-expected data we have seen through early summer. Even though data was soft, it remains consistent with our view that … Continue reading

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Comerica Economic Weekly

This was a light week for U.S. data, dominated by the release of the minutes of the June 17/18 Federal Open Market Committee meeting. There are several important components of the minutes that shed some light on a still-murky Federal … Continue reading

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July 2014, Comerica U.S. Economic Update

The Story: A Mid-Cycle U.S. Economy in a Multi-Speed World The endogenous growth story for the U.S. economy remains intact. There are two key channels of growth operating within the U.S. economy that have brought us through the recovery and … Continue reading

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Comerica Economic Weekly

The data dump ahead of the Fourth of July weekend yielded some good results, sending equity markets off to the races. The quality of recent U.S. economic data reinforces two points of view. First, the Q1 GDP stumble was an … Continue reading

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