Items Tagged with 'Industrail Economy'

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At best industrial economy is now drifting sideways

September 16, 2012
Flat. In last month’s report, we reported the industrial economy in the Greater Grand Rapids area had slid into the minus column. Fortunately, this month turned out a little better. According to the data collected in the month ending Aug. 31, New Orders, our closely watched index of business improvement, returned to 0 from -6. The Production index flipped back to positive at +5, up from -5. Much as expected, the Employment index remained unchanged at +18. Activity in the purchasing offices remained in single digits, but rose to +8, up from +4. In short, a slowdown is upon us, and it remains to be seen exactly how slow. Read More