Area Economy

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

ARTICLES

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

Local economy keeps pace with state, national numbers

May 13, 2016
For this month’s report, it is gratifying to see the West Michigan economy continue to grow, even though the pace remains subdued. Read More

Nonresidential construction spending slips a bit

May 6, 2016
Nonresidential construction spending fell 0.4 percent on a monthly basis in March, according to an analysis of U.S. Census Bureau data, but it was up 8.3 percent on a year-over-year basis to $695.7 billion. Read More

Materials prices rise for first time in nine months

April 29, 2016
Construction input prices rose on a monthly basis in March for the first time in nine months, according to an analysis of the Bureau of Labor Statistics Producer Price Index by Associated Builders and Contractors. Read More

Retailers’ sales and forecasts remain positive for spring

April 22, 2016
Michigan retailers’ sales and forecasts remained positive in March while slipping only slightly from the previous month, according to the latest Michigan Retail Index survey, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Nonresidential spending dip is no cause for alarm

April 15, 2016
Nonresidential construction spending dipped in February, falling 1.4 percent on a monthly basis according to analysis of U.S. Census Bureau data by Associated Builders and Contractors. Read More

Short-term confidence index is gaining momentum

April 8, 2016
After seeing the reports for the West Michigan industrial economy soften at the end of 2015, it is gratifying to report the local economy is again gaining strength. Read More

Construction employment recovery is slow but steady

April 1, 2016
The U.S. construction industry added 19,000 net new jobs in February according to an analysis of the U.S. Bureau of Labor Statistics monthly report. Read More

Surprising February has retailers feeling more optimistic

March 25, 2016
LANSING — Michigan retailers boosted their three-month sales forecasts after posting improved sales in February, according to the latest Michigan Retail Index survey, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Eight is enough: Construction prices fall again

March 18, 2016
Construction input prices fell for the eighth consecutive month during February, according to an analysis of the Bureau of Labor Statistics Producer Price Index. Read More