Area Economy

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

ARTICLES

Construction materials prices dip on monthly, yearly basis

September 23, 2016
Nonresidential construction input prices and overall input prices fell in August, as energy prices retrenched, according to an analysis of the Bureau of Labor Statistics Producer Price Index by Associated Builders and Contractors. Read More

Summer doldrums keep economy on incremental pace

September 16, 2016
Summer’s end hopefully will bring better economic news. Read More

Construction industry loses 25,000 jobs since April

September 9, 2016
The U.S. construction industry lost 6,000 net jobs in August, according to an analysis of data provided by the U.S. Bureau of Labor Statistics. Read More

State retailers post weakest monthly performance of the year

September 2, 2016
Michigan retailers were not immune from a national slowdown in sales during July, according to the Michigan Retail Index, a joint project of the Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Resurgent auto sector responsible for steady growth

August 26, 2016
Job growth in Michigan was steady after allowing for the occasional bump, as occurred in May. Read More

Annual nonresidential spending falls for 1st time since 2013

August 19, 2016
Nonresidential construction spending dipped 1 percent from May to June and has now contracted for three consecutive months, according to an analysis of U.S. Census Bureau data. Read More

Retailers post sales gains for fifth consecutive month

July 29, 2016
Michigan retail sales slowed in June from their strong spring showing but remained positive for the fifth consecutive month, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Construction input prices continue their ascent

July 22, 2016
Construction input prices expanded in June, rising 1.1 percent on a monthly basis, according to an analysis of the Bureau of Labor Statistics Producer Price Index. Read More