Index: Michigan Economy On The Rise?
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It may not mean much if you’re looking for a job or facing foreclosure, but here’s one sign Michigan’s economy may be on the upswing.
Comerica Bank’s Michigan Economic Activity Index rose two points in September, to 89. That’s up two points from August and 14 points better than September, 2009. The Index hasn’t been this high since June, 2008.
Comerica Chief Economist Dana Johnson says the third-quarter spike came after stalled growth from February through June. Johnson sees a modest improvement in the state economy through the end of the year.
The Index reflects activity in five economic barometers, including construction, manufacturing, services, job growth and consumer purchases.
(Copyright 2010 WWJ Newsradio 950. All Rights Reserved. The Associated Press Contributed To This Story)