Comerica Bank's Michigan Index Cools in July

                 Comerica Bank's Michigan Index Cools in July

PR Newswire

DALLAS, Sept. 23, 2013

DALLAS, Sept. 23, 2013 /PRNewswire/ -- Comerica Bank's Michigan Economic
Activity Index eased in July, down 0.7 percentage points to a level of 126.8.
July's reading is 55 points, or 76 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. June's index reading was revised up from 127.4 to 127.5.

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"Our Michigan Index ticked down in July reflecting a lower rate of auto
assemblies for the month. Strong auto sales in late summer will lead to strong
production this fall, and that will be supportive of both our Michigan Index
and the Michigan economy," said Robert Dye, Chief Economist at Comerica Bank.
"Labor markets are firming up and house prices are improving, so there is
broadening support for the Michigan economy. The City of Detroit's financial
crisis is a drag on southeast Michigan's economy, but statewide conditions are
improving."

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
averages.

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
visit www.facebook.com/ComericaCares.

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@Comerica_Econ.



SOURCE Comerica Bank

Website: http://www.comerica.com
Contact: Media Contact, Robert Dye, (214) 462-6839, radye@comerica.com, or
Data Contact, Daniel Sanabria, (214) 462-6789, fdsanabria@comerica.com
 
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