Tag Archives: u.s.

April Housing Starts, Industrial Production, May Empire State and NAHB

Builder Confidence High but Construction Eased in April, Industrial Production Up Housing Starts decreased in April by 2.6 percent to a 1,172,000 unit annual rate. Permits for new residential construction decreased by 2.5 percent to a 1,229,000 unit pace in … Continue reading

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Comerica Economic Weekly

U.S. economic data this week showed stronger-than-expected inflation in April, ongoing positive labor market indicators, and positive news about U.S. consumers. Overall, the data were consistent with our expectation for improved GDP growth in Q2, after a weak Q1. Upstream … Continue reading

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April PPI, Import Prices, May UI Claims

Wholesale Inflation Warmer Than Expected in April The Producer Price Index for Final Demand increased by 0.5 percent in April. The Import Price Index also increased by 0.5 percent in April. Initial Claims for Unemployment Insurance eased by 2,000 for … Continue reading

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Labor Market Dynamics, Inflation and the Fed

The U.S. unemployment rate has fallen faster than we expected. In April it dipped to 4.4 percent, pulled down by strong job growth, especially through February and March, as measured by the household survey of employment. The other input to … Continue reading

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Comerica Economic Weekly

It was a busy week for U.S. economic developments, which ended on a good note with the April jobs report. April payroll employment growth bounced back after a weak March, showing a net gain of 211,000 jobs for the month. … Continue reading

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April U.S. Employment

April Payrolls Gain 211,000 after a Soft March Report, Unemployment Rate Drops to 4.4% Payroll Employment increased by 211,000 jobs in April. March payroll gains were revised down to 79K. The Unemployment Rate for April fell to 4.4 percent. Average … Continue reading

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April ISM MF Index, March Personal Income, Construction Spending

Indicators Support Stronger Outlook for Q2 GDP, Fed on Hold The ISM Manufacturing Index decreased to a still-positive 54.8 in April. U.S. Real Disposable Personal Income increased by 0.5 percent in March. The Personal Consumption Expenditure Price Index fell by … Continue reading

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Comerica Economic Weekly

U.S. data was mixed this week. Q1 GDP growth was tepid, but March new home sales were strong. 2017Q1 real GDP registered a sluggish 0.7 percent annualized growth rate, about as expected. Personal consumption expenditures increased at a very low … Continue reading

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2017Q1 GDP, March Employment Cost Index

First Quarter GDP was Weak, as Expected. We Look for Stronger Growth Later….if… Real Gross Domestic Product for 2017Q1 increased at a weak 0.7 percent annualized rate. Worker Compensation increased by 0.8 percent in March as labor markets tightened. The … Continue reading

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March Durable Goods, Advance Indicators, April UI Claims, Tax Reform

Lots of Moving Parts As Trump Administration Pushes Fiscal Agenda New Orders for Durable Goods increased by 0.7 percent in March, the third consecutive monthly gain. The Advance Estimate of International Trade in Goods showed a widening trade gap, dragging … Continue reading

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