Area Economy

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

ARTICLES

Optimism fades as slow economic growth continues

July 18, 2014
Slow growth continues. That’s the latest word on the West Michigan economy, according to the data collected during the last two weeks of June. Read More

Retail forecasts on the rise despite sluggish sales

July 11, 2014
LANSING — Michigan retailers’ outlook rose to its most optimistic level in more than nine years in May, following sluggish sales that didn’t keep pace with April’s post-winter surge, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Lethargic global economy leaves its mark on Michigan

June 27, 2014
Robust economic growth around the world translates to strong foreign demand for American goods, which via exports contributes significantly to Michigan's economic development and job creation. Read More

Worrisome situation in Iraq may impact construction prices

June 20, 2014
Overall construction materials prices remained flat in May but are up 1.6 percent year over year, according to this month’s Producer Price Index supplied by the U.S. Department of Labor. Read More

Mixed economic signals still mean one thing: slow growth

June 13, 2014
Back to slow growth. That’s the latest word on the West Michigan economy, according to the data collected during the last two weeks of May. Read More

Retailers’ short-term optimism is rising with the temperatures

June 6, 2014
LANSING — Michigan retailers welcomed a long-awaited rise in sales during April with a burst of optimism about sales for the rest of spring and early summer, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

State manufacturers enjoy 10 percent annual hike in exports

May 30, 2014
In the first three months of 2014, the value of world merchandise exports rose 1.8 percent to $4.1 trillion from the same period in 2013, according to the latest snapshot of global trade flows released by the World Trade Organization. Read More

Mission, vision and values: Are these just words?

May 23, 2014
Have you seen statements that tout a company or organization’s mission, vision or values? Most of us have. Read More

Construction materials prices up for fifth month in a row

May 16, 2014
Overall construction materials prices increased 0.4 percent in April and are up 1.5 percent year over year, according to the Producer Price Index released last week by the U.S. Department of Labor. Read More