Institute for Supply Management – Southeast Michigan
Officials say early indications suggest the economy is simply emerging from the effects of particularly harsh winter weather.
The Southeast Michigan Purchasing Managers Index for January is 52.3, up from 50.6 in December, as both the production and new orders indexes rebounded after a seasonal, year-end low.
The Southeast Michigan Purchasing Managers Index rose to 63.1 in October, from 59.9 in September, raising the three-month average for the economy to a robust 61.1.
The Southeast Michigan economy experienced accelerated growth in May, according to the Southeast Michigan Purchasing Managers Index. The May index value of 61.2 was a sharp rise from the April index of 55.3.