Comerica Bank's Texas Index Expands in November

               Comerica Bank's Texas Index Expands in November

PR Newswire

DALLAS, Jan. 21, 2014

DALLAS, Jan. 21, 2014 /PRNewswire/ --Comerica Bank's Texas Economic Activity
Index increased 2.4 percentage points in November to a level of 109.9. The
November reading is 38 points, or 53 percent, above the index cyclical low of
71.6. The index averaged 102 points for all of 2012, 10 points above the
average for full-year 2011. October's index reading was 107.5.


"Our Texas Index increased in October and November reflecting the solid
economic conditions seen across most regions and most sectors of the state's
economy. Payroll job growth continues to outpace the national average, up 2.5
percent in November over the previous 12 months," said Robert Dye, Chief
Economist at Comerica Bank. "We are starting to see the large performance gap
between Texas and the national average data converge slightly. This is to be
expected as the push from the energy sector normalizes and the rest of the
U.S. economy shows stronger and consistent growth. We expect Texas to continue
to be an economic leader for the U.S in 2014."

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

Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), the
largest U.S. 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

To subscribe to our publications or for questions, contact us at Archives are available at Follow us on Twitter: @Comerica_Econ.

SOURCE Comerica Bank

Contact: Robert Dye, (214) 462-6839, or Data Contact:
Daniel Sanabria, (214) 462-6789,
Press spacebar to pause and continue. Press esc to stop.