Tag Archives: weekly

Comerica Economic Weekly

U.S. economic data released in the third week of August was generally benign and consistent with moderate GDP growth through the third quarter. Retail sales for July showed a solid 0.6 percent increase, aided in part by improved auto sales. … Continue reading

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Comerica Economic Weekly

Economic data for the week were consistent with an ongoing moderate GDP expansion through the third quarter. Inflation data, from the CPI and the PPI will be scrutinized this fall to see if there is a pickup in the rate … Continue reading

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Comerica Economic Weekly

Economic data for the week highlighted the strength of the U.S. labor market, and were consistent with moderate GDP growth in the third quarter. The ISM Non-Manufacturing Index for July eased to a still-positive 53.9, down from a strong 57.4 … Continue reading

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Comerica Economic Weekly

Economic data published in the last week of July showed moderate U.S. economic growth in Q2, likely setting up more of the same for Q3, and keeping the Federal Reserve on track for the beginning of balance sheet reduction this … Continue reading

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Comerica Economic Weekly

Economic data this week showed a good finish for the recently completed second quarter, and a good start to the current third quarter. Housing starts increased in June by 8.3 percent, to a 1.215 million unit annual rate. The volatile … Continue reading

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Comerica Economic Weekly

Economic data this week are again consistent with a moderate rebound in U.S. GDP growth for the second quarter. The first estimate of Q2 GDP is due out on July 28. Payroll employment increased by a strong 222,000 net jobs … Continue reading

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Comerica Economic Weekly

Economic data this week are again consistent with a moderate rebound in U.S. GDP growth for the nearly complete second quarter. First quarter real GDP growth was revised up slightly to a modest 1.4 percent annualized rate. This is still … Continue reading

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Comerica Economic Weekly

We attended the semi-annual meeting of the Economic Advisory Council of the American Bankers Association this week in Washington DC. This is a meeting of chief economists of major U.S. banks and financial institutions. The consensus expectation of this group … Continue reading

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Comerica Economic Weekly

We saw several important data releases this week and significant action and non-action by central banks. U.S. economic data for the week was generally softer than expected. However, data are still supportive of an increase in GDP growth in the … Continue reading

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Comerica Economic Weekly

U.S. data releases this week were capped by a weaker-then-expected payroll employment gain in May, according to the BLS. However, other labor market indicators were solid. May payrolls expanded by 138,000 according to the BLS. The pace of U.S. job … Continue reading

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