Michigan Economic Activity Index
Comerica Bank’s Michigan Economic Activity Index fell two points in October, returning to a level of 87 for the third time in the last four months. October’s level is up 16 points, or 23 percent, above the cycle low of 71 reached in July 2009. Year-to-date the Index has averaged a level of 85, up 11 points, or 15 percent, from the average for all of 2009.
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 was unchanged in August at a level of 87. However, on the bright side, that’s up 14 points from August 2009. The August level is 23 percent above the […]
Comerica Bank’s Michigan Economic Activity Index climbed three points in July, to a level of 87. July’s reading is up 16 points from the year-ago level, the largest year-on-year Index increase since December 2004. The […]