Area Economy

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

ARTICLES

Expect modestly positive growth for West Michigan economy

February 17, 2017
The holidays are over, and we are now into the back-to-work mode of 2017. Read More

Construction employment sees early growth in 2017

February 10, 2017
National construction employment started 2017 on a high note, adding 36,000 net new jobs on a seasonally adjusted basis in January, according to an analysis of U.S. Bureau of Labor Statistics data by Associated Builders and Contractors. Read More

Retailers eke out annual gain despite lackluster holiday sales

February 3, 2017
Weaker than expected December sales undercut November gains, producing mixed holiday season results for Michigan’s retail industry, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Employment increase is smallest in four years

January 27, 2017
National construction employment declined by 3,000 net jobs on a seasonally adjusted basis in December, according to analysis of U.S. Bureau of Labor Statistics data by the Associated Builders and Contractors. Read More

Energy prices nudge construction materials higher

January 20, 2017
Construction input prices rebounded in December after experiencing a steep decline in November, according to analysis of U.S. Bureau of Labor Statistics data by Associated Builders and Contractors. Read More

Following flat finish, expect modest growth for first quarter

January 13, 2017
December often is a slow month for many industrial firms, and December 2016 was no exception. Read More

Nonresidential construction spending reaches eight-year peak

January 6, 2017
Nonresidential construction surged in November, according to analysis of U.S. Census Bureau data released by Associated Builders and Contractors. Read More

Michigan retailers forecast good start to new year

December 30, 2016
Michigan retailers are optimistic about the first two months of the new year, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Contractors should heed pricing volatility during bid process

December 23, 2016
Construction input prices experienced their most rapid monthly decline since February 2016 in November, falling 0.5 percent, according to the U.S. Bureau of Labor Statistics. Read More

Slower growth expected for commercial, industrial sectors

December 16, 2016
Associated Builders and Contractors forecasts a slowdown of growth in the U.S. commercial and industrial construction industries in 2017. Read More