Area Economy

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

ARTICLES

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

Nonresidential construction spending drops to yearly low

July 8, 2016
Nonresidential construction spending dipped 1.3 percent from April to May, according to analysis of U.S. Census Bureau data. Read More

Monthly retail sales solid for four months running

July 1, 2016
Overall Michigan retail sales remained strong in May, the fourth consecutive month of positive performance, according to the Michigan Retail Index, a joint project of the Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

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