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Article: California Economy Continues to Rebound in August Reports the Comerica Bank California Economic Activity Index.
- Article from:
- Science Letter
- Article date:
- October 20, 2009
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Comerica Bank's California Economic Activity Index rose one point in August to a level of 101. August's reading is up 10 points, or 11 percent, cumulatively from the Index's cyclical low of 91 reached in March. August marks the fifth consecutive monthly increase in the Index. The Index in August was unchanged from its level 12 months earlier (see also Comerica Incorporated).
"Our Index continues to show a welcome strengthening of the California economy, with seven of the nine components of our Index contributing positively in August," said Dana Johnson, Chief Economist at Comerica Bank. "The key missing ingredient to a sustained and healthy rebound continues to ...