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ADVANCE ECONOMIC BAROMETER STEADY

 DETROIT, June 14 /PRNewswire/ -- The U.S. remains on a subdued economic growth path for the balance of 1993, according to the Advance Economic Barometer compiled by Comerica Bank (NYSE: CMA). In May, Advance Economic Barometer reading was 2.4, compared with 2.3 in April and 2.6 in March.
 The Barometer has posted positive readings since February 1991. These positive levels have accurately presaged the nine consecutive growth r?ters experienced by the U.S. economy since the end of the last recession -- the first quarter of 1991.
 May's reading of 2.4 is associated with real Gross Domestic Product (GDP) expansion rates of nearly 3 percent. The Advance Economic Barometer foreshadows real GDP growth by approximately two quarters.
 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- 6/14/93
 /CONTACT: David L. Littmann, First Vice President & Senior Economist, Comerica Bank, 313-222-4568/
 (CMA) CO: Comerica Bank ST: Michigan IN: FIN SU:


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Publication:PR Newswire
Date:Jun 14, 1993
Words:184
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David Littmann on the economy.

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