Comerica Bank's Texas Index Down Slightly in April

              Comerica Bank's Texas Index Down Slightly in April

PR Newswire

DALLAS, June 18, 2013

DALLAS, June 18, 2013 /PRNewswire/ --  Comerica Bank's Texas Economic Activity
Index fell slightly in April, declining 0.2 percentage points to a level of
103.7. The April reading is 32 points, or 45 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. March's index was revised down from a
previously reported 104.2 to 103.9.

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

"Our Texas Index is down slightly for the month of April, but index components
suggest that the headline number is leveling out. The stall in the index is
consistent with expected cooler overall economic growth for the U.S. as a
whole for the second and third quarters of this year," said Robert Dye, Chief
Economist at Comerica Bank. "We continue to see job creation in Texas, despite
a flat pattern in other components of the index, and that is good news for 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
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 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
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: Media, Robert Dye, (214) 462-6839, radye@comerica.com, or Data,
Daniel Sanabria, (214) 462-6789, fdsanabria@comerica.com
 
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