Comerica's Advance Economic Barometer Dipped Slightly in December

DETROIT, Jan. 13 /PRNewswire-FirstCall/ -- The Advance Economic Barometer (AEB), Comerica's predictive index for the State of Michigan economy, registered 2.8 points in December, down 0.4 points from November, and below the year-earlier level of 4.9, said David Littmann, chief economist for Detroit-based Comerica Bank.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO )

The AEB reading suggests Michigan's Gross State Product is rising but at a decelerating pace, Littmann said.

Comerica's Michigan Business Activity Index (MBAI), a proxy for changes in statewide disposable personal income, depicts current movements in Michigan's real economy. In November the MBAI gained 1 point and now stands at 113, versus 111 in November 2003.

Comerica Bank, Michigan's oldest and largest bank, is the lead subsidiary of Comerica Incorporated (NYSE:CMA) , a multi-state financial services provider headquartered in Detroit.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO
PRN Photo Desk, photodesk@prnewswire.com
Source: Comerica Bank

CONTACT: David L. Littmann, Senior Vice President & Chief Economist of
Comerica Bank, +1-313-222-7241, +1-800-895-7708

Web site: http://www.comerica.com/

NOTE TO EDITORS: Details and history on the Advance Economic Barometer and its predictive relationship with the Michigan Business Activity Index can be obtained by contacting David Littmann.

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