Texas Index Dips in February

                         Texas Index Dips in February

PR Newswire

DALLAS, April 25, 2013

DALLAS, April 25, 2013 /PRNewswire/ -- Comerica Bank's Texas Economic Activity
Index fell slightly in February, declining 0.2 percentage points to a level of
105.5. The February reading is 34 points, or 48 percent, above the index
cyclical low of 71.5. The index averaged 102 points for all of 2012, 10 points
above the average for full-year 2011. January's index reading was revised up
to 105.7.

(Logo: http://photos.prnewswire.com/prnh/20010807/CMALOGO)

"Our Texas Index declined slightly again in February after a similar dip in
January. Index components were mixed, with payrolls and drilling rig count
higher. Exports, sales tax revenues, hotel occupancy, inverted unemployment
claims and residential building permits all dipped in February," said Robert
Dye, Chief Economist at Comerica Bank. "Job creation remains a strong positive
for the state and will help to support other components of the index going
forward."

The Texas Economic Activity Index consists of seven variables, as follows:
nonfarm payrolls, exports, sales tax revenues, hotel occupancy rates,
continuing claims for unemployment insurance, building permits and Baker
Hughes rotary rig count. All data are seasonally adjusted, as necessary, and
indexed to a base year of 2008. Nominal values have been converted to constant
dollar values. Index levels are expressed in terms of three-month moving
averages.

Comerica Bank is the commercial banking subsidiary of Comerica Incorporated
(NYSE: CMA), the largest 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 137 banking centers in Dallas/Fort
Worth, Houston, Austin, San Antonio and Kerrville regions of 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. To find Comerica on Facebook, please visit
www.facebook.com/ComericaCares.

To receive this index directly to your email inbox, go to
www.comerica.com/econsubscribe to subscribe. Follow us on Twitter at
@Comerica_Econ.

SOURCE Comerica Bank

Website: http://www.comerica.com
Contact: Robert Dye, (214) 462-6839, radye@comerica.com
 
Press spacebar to pause and continue. Press esc to stop.