Michigan Economy Remains Stalled in May Reports Comerica Bank's Michigan Business...

Michigan Economy Remains Stalled in May Reports Comerica Bank's Michigan
Business Activity Index

DALLAS, June 26 /PRNewswire/ -- Comerica Bank's Michigan Business Activity
Index declined two points on a preliminary basis in May, to a level of 72.
Compared to a year earlier, the Index is down 19 points, making May the eighth
month for double-digit year-on-year declines. This ties the Index record for
such declines, with the only other eight-month string of double-digit declines
occurring during the severe 1958 recession. Year-to-date the Index has
averaged 73, down 14 points from the 2008 average.

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

"Consistent with broader trends in the national economy, our Index shows that
the Michigan economy appears to be stabilizing at a depressed level," said
Dana Johnson, Chief Economist at Comerica Bank. "However, the Michigan
economy is struggling against significant weakness in auto sales and auto
production that is outpacing typical seasonal patterns in that sector. This
weakness will likely persist for at least the next several more months, as
painful adjustments necessitated by the GM and Chrysler's bankruptcy filings
are implemented."

The Michigan Business Activity Index equally weights nine, seasonally-adjusted
coincident indicators of real economic activity. These indicators reflect
activity in the construction, manufacturing and service sectors as well as job
growth and consumer outlays. Historical data is available upon request.

Comerica Incorporated (NYSE: CMA) is a financial services company
headquartered in Dallas, Texas, and strategically aligned by three business
segments: The Business Bank, The Retail Bank, and Wealth & Institutional
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, China and Mexico.
Comerica reported total assets of $67.4 billion as of March 31, 2009.

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SOURCE Comerica Bank

Media, Dana Johnson, Senior Vice President and Chief Economist,
+1-214-462-6839, djohnson@comerica.com, or Data Contact, Meaghan Derrick,
Research Assistant, +1-214-462-6815, maderrick@comerica.com, both of Comerica
Bank