Comerica Bank’s Michigan Index recovers in July
DETROIT—Comerica Bank’s Michigan Economic Activity Index increased in July to a level of 95.1. July’s reading was 8 points or 10 percent higher than the all time low for the …
Pending home sales, prices jump in Detroit area
SOUTHFIELD—The Detroit housing market continues to grow, pandemic or no, according to the Southfield-based Greater Metropolitan Association of Realtors. It continues to be a seller’s market, with new listings falling …
Comerica’s Michigan Economic Index hit another record low in June
DETROIT—Comerica Bank’s Michigan Economic Activity Index declined in June to a level of 86.6, another all-time low for the index. The index is comprised of nine variables: nonfarm payroll employment, …
Economy: Real estate sales bounce back
SOUTHFIELD–The Greater Metropolitan Association of Realtors announced increases in pending sales, median sales price, average sales price, and average showings per home in the tri-county metro Detroit region in June. …
Comerica Bank’s Michigan Index plunges to all-time low
DETROIT—Comerica Bank’s aEconomic Activity Index declined in May to a level of 90.3, a new historical low for the index. The index is comprised of nine variables—nonfarm payroll employment, continuing …
Comerica Bank’s Michigan Economic Index plunges
DETROIT—The Michigan Economic Activity Index compiled by Comerica Bank fell sharply in April to a level of 103 from 114.5 in March. Bank officials say the steep drop shows the …
Comerica Bank’s Michigan Economic Index improved in February, but trouble ahead
DETROIT—It may be the last month of improvement before the pandemic slump, but Comerica Bank reported that its Michigan Economic Activity Index increased in February to a level of 118.6, …
Coronavirus means permanent changes in U.S. business, LTU faculty say
SOUTHFIELD—Big changes are coming to the American economy and Michigan business in the wake of the coronavirus pandemic, according to the faculty of Lawrence Technological University. Bahman Mirshab, dean of …
Comerica Bank Michigan Index ticks up in January
DETROIT—Comerica Bank’s Michigan Economic Activity Index rose in January to 118, from 117.7 in December. The index is comprised of nine variables: nonfarm payroll employment, unemployment insurance claims, housing starts, …
Comerica Bank’s Michigan Index improves
DETROIT—Comerica Bank’s Michigan Economic Activity Index increased in December to a level of 117.9 from 117.4 in November. The index is comprised of nine variables: nonfarm payroll employment, continuing claims …