Comerica Bank reports economic activity.
BANKING AND CREDIT NEWS-August 8, 2019-Comerica Bank reports economic activity
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Comerica Bank's Texas Economic Activity Index grew 0.8 percent in May to 139.0. May's index reading is 44 points, or 46 percent, above the index cyclical low of 95.5. The index averaged 134.6 points for all of 2018, 5.7 points above the average for 2017. April's index reading was revised to 137.9.
Its Michigan Economic Activity Index went unchanged in May at a level of 117.5. May's reading is 20 points, or 20 percent, above the index cyclical low of 97.9. The index averaged 118.4 points for all of 2018, 0.1 points above the index average for 2017. April's index reading was revised to 117.5.
It's California Economic Activity Index increased 0.2 percent in May to a level of 124.5. May's reading is 27 points, or 27 percent, above the index cyclical low of 97.8. The index averaged 124.0 points in 2018, 2.8 points above the average for all of 2017. April's reading was 124.2.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), the largest US commercial bank headquartered in Texas, strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to a local banking center network throughout Dallas-Fort Worth, Houston, Austin, San Antonio and Kerrville, Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Aug 8, 2019|
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