Area Economy

A look at local, regional, national and international trends.

ARTICLES

Price upswing continues for third straight month

June 24, 2016
Construction input prices expanded by 0.7 percent in May and have now expanded for three consecutive months, according to an analysis of the recently released Bureau of Labor Statistics Producer Price Index. Read More

Nonresidential spending struggles to gain momentum

June 17, 2016
Nonresidential construction spending fell 2.1 percent in April, according to analysis of U.S. Census Bureau data released this month. Read More

Industrial economy ebbs toward negative territory

June 10, 2016
Flat. That’s the latest word on the West Michigan economy, according to data from the last two weeks of May. Read More

Monthly unemployment plunges even as homebuilding growth slows

June 3, 2016
The U.S. construction industry added just 1,000 net new jobs in April, according to figures released by the U.S. Bureau of Labor Statistics. Read More

Michigan’s retail sales reach their highest levels in nearly a year

May 27, 2016
Michigan retailers’ sales and forecasts both rose in April, according to the latest Michigan Retail Index survey, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Monthly material prices rise but remain historically low

May 20, 2016
Construction input prices expanded on a monthly basis for the second consecutive month in April, increasing by 0.5 percent, according to an analysis of the U.S. Bureau of Labor Statistics Producer Price Index. Read More

Local economy keeps pace with state, national numbers

May 13, 2016
For this month’s report, it is gratifying to see the West Michigan economy continue to grow, even though the pace remains subdued. Read More

Nonresidential construction spending slips a bit

May 6, 2016
Nonresidential construction spending fell 0.4 percent on a monthly basis in March, according to an analysis of U.S. Census Bureau data, but it was up 8.3 percent on a year-over-year basis to $695.7 billion. Read More

Materials prices rise for first time in nine months

April 29, 2016
Construction input prices rose on a monthly basis in March for the first time in nine months, according to an analysis of the Bureau of Labor Statistics Producer Price Index by Associated Builders and Contractors. Read More

Retailers’ sales and forecasts remain positive for spring

April 22, 2016
Michigan retailers’ sales and forecasts remained positive in March while slipping only slightly from the previous month, according to the latest Michigan Retail Index survey, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More