Press release from PR Newswire
Comerica Bank Economics Department to Publish Quarterly Regional Economic Updates
Monday, January 30, 2012
Targets are Key Metropolitan Statistical Areas Within Comerica's Footprint
DALLAS, Jan. 30, 2012 /PRNewswire/ -- Comerica Bank's Economics Department will soon publish quarterly regional economic updates (see "Note to Editors" for schedule) targeting key metropolitan statistical areas (MSAs) within Comerica's primary footprint of Texas, Arizona, California, Florida and Michigan. The 10 specific regions to be covered are as follows (in alphabetical order):
- Austin MSA
- Central West Michigan
- Detroit MSA
- Houston MSA
- Miami MSA
- North Texas
- Northern California
- Phoenix MSA
- San Antonio MSA
- Southern California
"Each quarterly publication will feature a brief local area analysis, with an accompanying forecast and charts covering labor markets and demographics, income, housing and credit market measures," said Comerica Bank Chief Economist Robert Dye. "We believe our customers and others will find these updates to be of interest to them as they focus on specific regional markets."
MSAs are defined by the Office of Management and Budget (OMB). The 10 regions listed above are Comerica Economics Designations, covering the following MSAs: Austin (Austin-Round Rock-San Marcos), Central West Michigan (Ann Arbor, Grand Rapids-Wyoming, Kalamazoo-Portage and Lansing-East Lansing), Detroit (Detroit-Warren-Livonia), Houston (Houston-Sugar Lane-Bay Town), Miami (Miami-Fort Lauderdale-Pompano Beach), North Texas (Dallas-Fort Worth-Arlington), Northern California (San Francisco-Oakland-Fremont, San Jose-Sunnyvale-Santa Clara), Phoenix (Phoenix-Mesa-Glendale), San Antonio (San Antonio-New Braunfels), and Southern California (Los-Angeles-Long Beach-Santa Ana, San Diego-Carlsbad-San Marcos, Riverside-San Bernardino-Ontario).
In addition to the new Regional Economic Updates, Comerica's Economics Department publishes the following national and state-level analyses:
- Comerica Economic Alert: brief updates of daily economic data.
- Comerica Economic Weekly: weekly analysis, with forecasts for the following week's economic releases and a monthly data calendar.
- Comerica Economic Update: monthly publication with an updated macroeconomic forecast and relevant charts and analysis.
- Auto Affordability Index: quarterly publication.
- California Economic Activity Index: broad-based measure of economic activity in the California economy, published monthly.
- Michigan Economic Activity Index: broad-based measure of economic activity in the Michigan economy, published monthly.
- Texas Economic Activity Index: broad-based measure of economic activity in the Texas economy, published monthly.
You can follow Dye on Twitter at @Comerica_Econ.
Comerica Bank 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 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. Comerica reported total assets of $61 billion at December 31, 2011. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.
Note to Editors: Publication of the first regional economic updates is expected to occur on Tuesday, January 31, 2012, for the targeted MSAs in Texas and California, and Wednesday, February 1, 2012, for the targeted MSAs in Arizona, Florida and Michigan. Robert Dye's contact information follows:
Robert A. Dye, PhDSenior Vice President and Chief EconomistComerica Bank(214) email@example.com
SOURCE Comerica Bank
For further information: Wayne Mielke of Comerica, +1-214-462-4463