Area Economy

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

ARTICLES

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

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