Comerica Bank's Texas Index Cools Again in March

               Comerica Bank's Texas Index Cools Again in March

PR Newswire

DALLAS, May 31, 2013

DALLAS, May 31, 2013 /PRNewswire/ --Comerica Bank's Texas Economic Activity
Index fell slightly in March, declining 0.9 percentage points to a level of
104.2. The March reading is 33 points, or 46 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.


"Our Texas Index cooled again, reflecting what looks like temporary declines
in both residential building permits and state exports. Index components were
mixed, with payrolls, sales tax revenues and rig count higher. Exports, hotel
occupancy, unemployment insurance claims and building permits weakened in
March," said Robert Dye, Chief Economist at Comerica Bank. "I expect the index
to regain its upward trajectory soon. Labor markets continue to improve and
housing markets are getting tighter across the state."

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

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 136 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

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SOURCE Comerica Bank

Contact: Media Contact: Robert Dye, (214) 462-6839,, Data
Contact: Daniel Sanabria, (214) 462-6789,
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