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ADVANCE ECONOMIC BAROMETER SIGNALS GREEN LIGHT FOR ECONOMY

 DETROIT, Feb. 19 /PRNewswire/ -- Business conditions in the United States are expected to continue improving in the first half of this year, as indicated by recent gains for the Advance Economic Barometer compiled by Comerica Incorporated (NYSE: CMA).
 For the second consecutive month, the Advance Economic Barometer had a value in excess of 4.0. In December, the Barometer registered 4.6 before a modest decline to 4.4 in January. This marks the first time since early 1987 that this leading economic barometer has been above the 4.0 level for two straight months.
 At its current level, the Advance Economic Barometer is projecting U.S. real GDP growth of between 3.5 and 4.5 percent in the first half of 1993.
 Of the three components used to calculate the Barometer, the strongest gains occurred for the government's index of leading indicators, which have jumped sharply over the past two months. Of the other two components, inflation-adjusted money growth modestly improved, and the yield curve indicator continues to provide a very bullish sign for the economy.
 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- 2/19/93
 /CONTACT: David G. Sowerby, vice president and economist, Comerica Incorporated, 313-222-4829/
 (CMA)


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

KE -- DE012 -- 8382 02/19/93 12:12 EST
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Publication:PR Newswire
Date:Feb 19, 1993
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