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 Industrial Economy
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| World economy’s woes slow to reach West Michigan |
| Brian G. Long
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| Published: October 10, 2011 |
Modest growth and slightly improved. That's the latest word on the Greater Grand Rapids industrial economy, according to data collected in the last two weeks of September. New Orders, our index of business improvement, rose to +25 from +13. In a similar move, the Production index edged up to +25 from +17. However, activity in the purchasing offices backtracked to +14 from +21. The index of Employment moved up to +27 from +26. The percentage of respondents reporting staff reductions fell to 6 percent from 8 percent. Fortunately, our local statistics continue to be stronger than the rest of the country. |
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