DETROIT - The Comerica Michigan Economic Activity Index jumped 5.2% annualized in the three months through April, although it was still down 0.4% from a year earlier after declines between June and February. Six of the index’s nine components increased in April, while three fell. Employment rose by a solid 10,800. While continuing claims for
DETROIT– Comerica officials said that while overall manufacturing conditions are improving globally, in the U.S. and in Michigan, the critical auto industry looks vulnerable to weaker sales this winter. Light vehicle production increased in November to an 11.0 million unit annual rate as sales slipped to a 15.9 million unit rate nationwide, down from 16.3
DETROIT - Comerica Bank’s Michigan Economic Activity Index increased in August to a level of 103.1, some 19 percent, higher than the cyclical low. But the index averaged 117.7 points for all of 2019. Our Michigan Economic Activity Index rebounded in July and August as a result of the early summer business re-openings and resumption
WASHINGTON DC. – The National Small Business Association Monday released its 2017 Mid-Year Economic Report where the small-business outlook on the overall economy is at its highest point in seven years despite growing frustration over elected officials’ inability to enact needed reforms. “For the first half of 2017, we’ve seen record highs in small-business confidence and outlook,
DETROIT - Comerica Bank’s Michigan Economic Activity Index was down slightly in December, by 0.1 percentage points, to a level of 129.7. The Michigan Economic Activity Index consists of eight variables: nonfarm payrolls, exports, hotel occupancy rates, continuing claims for unemployment insurance, housing starts, sales tax revenues, home prices, and auto production. All data are
DETROIT - The latest Comerica Bank’s Michigan Activity Index shows the state’s economy momentum, on the rise since February 2015, is starting to decline. The Index declined in January, falling 1.2 percentage points to a level of 126.5 from 127.6 in December. But the good news is January’s reading is 52 points, or 71 percent,
