Area Economy

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


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

Construction hiring outpaces national numbers

December 9, 2016
The U.S. construction industry added 19,000 net new jobs in November and has added jobs for three consecutive months, according to an analysis of the latest U.S. Bureau of Labor Statistics data released at the beginning of December. Read More

Holiday shopping kicks into high gear with $20B target

December 2, 2016
Holiday shoppers in Michigan this Thanksgiving weekend quickly got into the thick of what retailers expect to be a positive holiday season. Read More

Inflation and interest rate environment changing

November 25, 2016
Construction input prices remained unchanged in October and are just 0.5 percent above where they were a year ago, according to analysis of the U.S. Bureau of Labor Statistics Producer Price Index released recently. Read More

West Michigan is back to a flat economy this month

November 18, 2016
After last month’s 16-month high, the West Michigan industrial economy has again returned to a growth pattern that is almost flat. Read More

Initiative strives to ensure high-speed internet access

November 11, 2016
The Right Place, and other economic development colleagues in West Michigan are partnering with Connect Michigan and its “Connected Community” program to complete broadband connectivity and quality assessments for each of the 13 counties in the region. Read More