Comerica Bank's California Index Climbed in March

              Comerica Bank's California Index Climbed in March

PR Newswire

DALLAS, May 31, 2013

DALLAS, May 31, 2013 /PRNewswire/ -- Comerica Bank's California Economic
Activity Index climbed in March, gaining 2.1 points to a level of 104.5.
March's reading is 32 points, or 44 percent, above the index cyclical low of
72.6. The index averaged 101 points for all of 2012, three points above the
average for all of 2011. February's index reading was revised to 102.4.


"Our California Index shows ongoing improvement in economic conditions for the
state," said Robert Dye, Chief Economist at Comerica Bank. "Components of the
index were mostly positive for March. Employment, sales tax revenues,
unemployment claims and the rig count were positives for March. Exports, hotel
occupancy and the Silicon Valley stock index were down for the month.
Residential property markets are tightening and house prices continue to
improve. Homeowners are building equity in their homes again."

The California Economic Activity Index consists of eight variables, as
follows: nonfarm payrolls, exports, sales tax revenues, hotel occupancy rates,
continuing claims for unemployment insurance, building permits, Baker Hughes
rotary rig count and the Silicon Valley 150 Index (SV150). 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, with 105 banking centers in the key California markets of San
Francisco and the East Bay, San Jose, Los Angeles, Orange County, San Diego,
Fresno, Sacramento, Santa Cruz/Monterey, and the Inland Empire, is a
subsidiary of Comerica Incorporated (NYSE: CMA). Comerica is a financial
services company headquartered in Dallas, Texas, and strategically aligned
into three major business segments: the Business Bank, the Retail Bank, and
Wealth Management. Comerica focuses on relationships and helping businesses
and people be successful. To find Comerica on Facebook, please visit

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SOURCE Comerica Bank

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