Snyders positive action just might work Pass it on
It is interesting to note that groups and associations formed to assist businesses and their owners now fill agendas to assist the public sector: governments. Scenarios built on the premise of public/private partnerships and cooperative effort leave one to wonder who is minding the store. If Gov. Rick Snyder is correct that the psyche of all things negative (in regard to the state of Michigan) impact the success of business, then the national politicking of doom and disaster would seem a business certainty.
The facts of economic data reported at June’s close, however, continue to be positive with slow but continued growth. Is that because of Snyder’s admonishment to retain an attitude of “relentless positive action”?
Brian Long, director of Supply Chain Management Research at Grand Valley State University Seidman College of Business, notes other factors in predicting continued economic growth:
—Japanese firms expect to return to near normal business by September “much earlier than expected.” And, he added, “Automotive parts producers are reporting that schedule reductions from Japanese parts shortages appear to be over.”
—The Greek financial crisis has abated, stabilizing financial markets.
—The immediate benefit of changes to Michigan’s business tax, now a flat tax of 6 percent on profits, is expected to help retain Michigan companies and jobs.
—Industrial inflation concerns have subsided, with price indexes down six points. Steel and some plastic resin prices are reported to be moderating or falling.
—New orders are up 6 points, purchasing is up 4, and the employment index continues to be strong.
Slow economic growth in the country continues, despite oil price increases that define the word “skyrocketing,” issues in Libya, consecutive months of devastating and destructive weather including tornadoes, flooding and fires — all with continuing ramifications.
Long’s report also gives evidence that Michigan’s economy could grow faster than the national economy with continued growth in automotive sales. National retailing reports measured a significant uptick in consumer confidence and positive predictions for the back-to-school and looming holiday season. The Associated Press reported that June national retail sales numbers were the most positive since 1999.
Perhaps Snyder is right with his supplication for relentless positive action. Pass it on.