Tag Archives: weekly

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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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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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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Comerica Economic Weekly

This week’s U.S. data releases were mixed. Good news came from auto sales and unemployment insurance claims. Bad news came from a weaker-than-expected March jobs report. In March, just 126,000 net new payroll jobs were added to the U.S. economy, … Continue reading

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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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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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