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Displaying items by tag: Comerica Inc

Sunday, 22 December 2019 14:28

Michigan Economic Outlook: After ‘disappointing’ year, Michigan economy poised to grow in 2020

A combination of factors came together in 2019 to take a bite out of Michigan’s economy. The six-week General Motors strike, white-collar job cuts at GM and Ford early in 2019, a slowing manufacturing sector, and relatively flat auto sales collectively held back the state’s growth this year.

Published in Finance
Sunday, 08 December 2019 16:41

Wage growth keeps pace in West Michigan

Employers across West Michigan granted pay raises this year averaging 2.5 percent to 3.5 percent, according to annual survey data.

Published in Economic Development
Sunday, 08 September 2019 14:53

Index shows West Michigan economy returns to growth after ‘substantial dip’

A monthly index of West Michigan’s economy returned to “moderate growth” in August after taking what economist Brian Long calls a “substantial dip” a month earlier.

Published in Economic Development

Monday, 02 September 2019 11:49

Outlooks continue to show slower growth ahead for Michigan, U.S. economies

As U.S. economic growth slows, so too does Michigan’s economy.

Published in Finance
Sunday, 07 July 2019 19:00

Amid economic concerns, borrowing remains strong for short-term projects

Commercial bankers say clients’ demand for credit remains strong, although borrowers in West Michigan are carefully watching what’s ahead for the economy.

Published in Finance
Sunday, 23 December 2018 15:29

Crystal Ball 2019 Economic Outlook: National economy enters late states of expansion, economists say

Robert Dye views 2019 as a “transitional year” for the U.S. economy as a trio of forces align to moderate growth during the year.

Published in Economic Development

Saturday, 13 October 2018 17:55

Time to Act? Advisers tell clients to accelerate transaction timelines to take advantage of strong valuations

Mergers and acquisition activity remained strong in West Michigan through the third quarter, as many sellers opted to go to market while they can still get a good price for their businesses.

Published in Economic Development
Saturday, 09 June 2018 15:32

Health of Michigan’s economy depends on auto sales, NAFTA renegotiation

Comerica Inc. Chief Economist Robert Dye sees Michigan’s economy performing in the second half of 2018 much as it has in the first half, with continued growth but at a decidedly slower rate than in past years. 

Published in Economic Development
Saturday, 09 June 2018 15:25

Despite prior worries, national economy continues strong expansion

Brian Long anticipated by now to see proof that the U.S. economy had started to flatten out. 

Published in Economic Development

Sunday, 29 April 2018 15:21

Tax reform adds fuel to M&A deal flow in Q1

M&A activity remained strong in the first quarter, driven by a combination of factors including federal tax reform.

Published in Finance
Sunday, 26 November 2017 15:54

Business Leaders for Michigan report shows progress, continued struggles for state

DETROIT –– Just a few years ago, Doug Rothwell could look at various bits of Michigan’s economic data and see few paths that led to the state becoming a “Top 10” state.

Published in Economic Development
Sunday, 19 November 2017 19:02

Personal income growth slowed in West Michigan, statewide last year

As the U.S. and Michigan economies remain on solid footing into 2018, economists expect growth rates for personal income in the state to move higher.

Published in Breaking News

Sunday, 01 October 2017 17:23

Economists expect growth through 2018, but expectations build for future downturn

Economic outlooks project modest growth in the U.S. for the rest of this year and through 2018, along with further increases in interest rates.

Published in Economic Development
Sunday, 06 August 2017 15:55

Business borrowers undeterred by higher interest rates — so far

Higher interest rates during 2017 haven’t acted as a damper on commercial lending in West Michigan, although some lenders are seeing borrowers moving to fixed-rate business loans.

Published in Finance
Sunday, 11 June 2017 20:00

As manufacturing slows, other sectors to drive Michigan’s projected economic growth

Economists expect Michigan’s economy to grow through 2017, although at a little slower pace as automotive sales dip and the state’s manufacturing employment follows suit.

Published in Economic Development

Sunday, 14 May 2017 13:43

Borrowing at last: Small business owners return to banks for financing, even amid emerging economic concerns

Over the past decade, many small business owners put off expansions or capital equipment purchases for as long as they could.

Published in Small Business
Sunday, 25 December 2016 19:35

Still growth, just slower: Lack of workers, plateauing auto sales to ease Michigan’s economic expansion

Economists expect Michigan to maintain economic growth in the coming year, albeit at a slower pace that will further tighten labor markets.

Published in Economic Development
Tuesday, 04 October 2016 10:28

Slower growth takes hold in Michigan and nationally, surveys find

Executives answering the latest survey by Business Leaders for Michigan expect both the state and U.S. economies to grow at a slower pace through 2017.

Published in Breaking News

Sunday, 10 July 2016 13:31

Banks feel the talent gap: Hiring curbed by gutted training programs, lack of interest among younger generations

Bankers say they hear it regularly from their clients: It’s gotten awfully hard to find good talent these days.

Published in Finance
Sunday, 12 June 2016 16:33

As economic expansion continues, labor remains a key concern for Michigan employers

handful of economic outlooks and surveys signal that Michigan’s economy should continue on an upward trajectory for the second half of this year and into 2017. 

Published in Economic Development
Sunday, 12 June 2016 15:14

Economists think U.S. economy will ‘bounce back’ to end 2016

A handful of economic outlooks and surveys signal that Michigan’s economy should continue on an upward trajectory for the second half of this year and into 2017. 

Published in Economic Development

Friday, 19 February 2016 11:56

Comerica projects West Michigan will add more jobs in 2016

Comerica Inc. projects continued strong job growth and lower unemployment through this year and next across Western Michigan.

Published in Breaking News
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