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ADVANCE ECONOMIC BAROMETER POINTS TO MUCH-IMPROVED ECONOMY THIS YEAR

 DETROIT, Jan. 21 /PRNewswire/ -- The prospects for a stronger-than- anticipated economy in 1993 is supported by an increase in the Advance Economic Barometer, compiled by Comerica Incorporated (NYSE: CMA).
 In December, the Advance Economic Barometer rose to a level of 4.0, a 0.4 gain from November's revised level. The Barometer now stands at its highest level since March 1987, when U.S. real GDP growth was 3.0 to 4.0 percent.
 The latest surge in the Advance Economic Barometer continues to foreshadow annual real GDP growth in excess of 3.0 percent in 1993, placing Comerica's 1993 economic outlook in the top quartile among participants in the nationally syndicated Blue Chip Economic Survey.
 December's rise in the Barometer was due to improved inflation- adjusted money supply growth and stronger gains in the government's index of leading indicators. The third component of the Barometer, the yield curve spread, was unchanged from November, remaining at wide levels consistent with a healthy economic recovery.
 The Advance Economic Barometer combines three series into a single, balanced and comprehensive leading indicator: inflation-adjusted money growth, yield curve spread, and the Commerce Department's Index of Leading Indicators.
 -0- 1/21/93
 /CONTACT: David G. Sowerby, Vice President & Economist, Comerica Incorporated, 313-222-4829/
 (CMA)


CO: Comerica Incorporated ST: Michigan IN: FIN SU: ECO

ML -- DE004 -- 7264 01/21/93 09:22 EST
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Publication:PR Newswire
Date:Jan 21, 1993
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