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Stock impact report

Comerica Bank's Texas Index Climbs Further

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: PR Newswire
DALLAS, Aug. 1, 2018 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased 0.7 points in May to 134.7. April's index reading is 39 points, or 41 percent, above the index cyclical low of 95.5. The index averaged 128.5 points for all of 2017, three and nine-tenths points above the average for 2016. May's index reading was revised to 133.7. The Comerica Bank Texas Economic Activity Index increased again in May. State economic activity is expanding strongly after stalling through most of 2015 and 2016. A vigorous U.S. economy, favorable oil prices and ongoing in-migration to Texas will keep the Texas economy growing through the rest of this year. Eight out of nine index components increased in May, including nonfarm employment, initial claims for unemployment insurance (inverted), housing starts, industrial electricity demand, rig count, state trade, hotel occupancy and sales tax revenues. Only the house price index eased in May. Housing markets na Show less Read more
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