Comerica Bank's California Index Steps Up

                  Comerica Bank's California Index Steps Up

PR Newswire

DALLAS, June 19, 2013

DALLAS, June 19, 2013 /PRNewswire/ --Comerica Bank's California Economic
Activity Index climbed in April, gaining 2.2 points to a level of 106.6.
April's reading is 34 points, or 47 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. March's index reading was revised slightly down from
104.5 to 104.4.

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

"Our California Index points to ongoing economic expansion for this key state.
The coincident improvement in labor markets and in housing markets is expected
to continue for the remainder of the year," said Robert Dye, Chief Economist
at Comerica Bank. "Changes to the California tax code have introduced some
volatility into the sales tax component of our index, but most other index
components are consistent with ongoing economic growth."

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
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
Contact, Daniel Sanabria, (214) 462-6789, fdsanabria@comerica.com
 
Press spacebar to pause and continue. Press esc to stop.