Comerica Bank's Michigan Index Continues to Increase in June

         Comerica Bank's Michigan Index Continues to Increase in June

PR Newswire

DALLAS, Aug. 26, 2013

DALLAS, Aug. 26, 2013 /PRNewswire/ --Comerica Bank's Michigan Economic
Activity Index increased in June, up 2.6 percentage points to a level of
127.4. June's reading is 55 points, or 77 percent, above the index cyclical
low of 72.1. The index averaged 114 for all of 2012, 11 points above the index
average for 2011. May's index reading was revised down from 125.2 to 124.8.


"Our Michigan Index improved again in June, aided by a strengthening auto
sector. Light vehicles sales in the U.S. had a break-out month in June,
hitting a 15.9 million unit annual rate and that is good news for Michigan,"
said Robert Dye, Chief Economist at Comerica Bank. "Statewide employment
strengthened in June and sales revenues are trending up. July employment
levels were also up, but that is not reflected in our June index."

The Michigan 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 motor
vehicle production. 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, with 215 banking centers in Michigan, is a subsidiary of
Comerica Incorporated (NYSE: CMA), a financial services company headquartered
in Dallas, Texas, and 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
Michigan and Texas, Comerica Bank locations can be found in Arizona,
California, and Florida, with select businesses operating in several other
states, as well as in Canada and Mexico. To find Comerica on Facebook, please

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SOURCE Comerica Bank

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