Area Economy

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

ARTICLES

Michigan retailers boost springs sales forecasts

April 28, 2017
Michigan retailers’ spring sales forecasts grew even stronger after their March sales rose, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Construction prices moderate as energy costs slip

April 21, 2017
Construction input prices rose for the fourth consecutive month in March, increasing by 0.3 percent on a monthly basis and 4.4 percent on a yearly basis, according to analysis of U.S. Bureau of Labor Statistics data by Associated Builders and Contractors. Read More

West Michigan economy shows no sign of backing down

April 14, 2017
Despite the signs several of our local industries are topping out, West Michigan business conditions remain positive. Read More

Contractors expect a few dips, but remain confident of growth

April 7, 2017
Expectations for 2017 have become less optimistic, but the majority of industrial and commercial construction contractors still expect growth this year, according to the latest Construction Confidence Index from Associated Builders and Contractors. Read More

Majority of retailers expect spring sales increases

March 31, 2017
More than three of every four Michigan retailers (76 percent) expect to increase their spring sales over last year, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Construction prices continue upward trajectory

March 24, 2017
Construction input prices expanded 0.3 percent on a monthly basis and 4.8 percent on a year-over-year basis in February, according to an analysis of U.S. Bureau of Labor Statistics data. Read More

Construction employment surges to best month in 10 years

March 17, 2017
National construction employment surged in February, as the industry added 58,000 seasonally adjusted net new jobs, according to an analysis of U.S. Bureau of Labor Statistics data. Read More

Hopes for decreased regulation, lower taxes fuel economy

March 10, 2017
For West Michigan, the 2017 rally continues for the industrial markets. Read More

Michigan to benefit from automaker investment

The Michigan economy is much more than just autos and other durable goods manufacturing, but the auto sector still drives the state economy. Read More

Retailers express confidence despite sluggish start

February 24, 2017
More than four of five Michigan retailers (82 percent) expect to increase 2017 sales over last year despite a slow start, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More