Area Economy

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

ARTICLES

Monthly construction input price growth accelerates

September 22, 2017
Construction input prices rose 0.6 percent in August and are up 3.7 percent on a yearly basis. Read More

Most industries maintain moderate growth rate

September 15, 2017
After a summer lull, the West Michigan economy resumed the growth pattern observed for the past eight years. Read More

Construction employment rebounds in a big way

September 8, 2017
National construction employment rebounded in August, adding 28,000 net new jobs on a seasonally adjusted basis, according to a report from the U.S. Bureau of Labor Statistics. Read More

Employment in nonresidential construction sector softens

September 1, 2017
National construction employment growth remained tepid in July, with approximately 6,000 net new jobs added on a seasonally adjusted basis, according to an analysis of data from the U.S. Bureau of Labor Statistics. Read More

Retailers remain optimistic despite summer sales dip

August 25, 2017
Michigan retailers reported a slight drop in sales activity for July compared to the previous month, but they’re optimistic the next three months will be better, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Construction input prices inch higher; energy prices drop

August 18, 2017
Construction input prices increased 0.3 percent in July and are up 3 percent on a year-over-year basis, according to an Associated Builders and Contractors analysis of data released by the Bureau of Labor Statistics. Read More

Auto sales slump finally trickles down to suppliers

August 11, 2017
After six months of disappointing car sales, the impact on our local auto parts suppliers finally is being felt by the West Michigan economy. Read More

Is West Michigan in danger of retail ice age?

Mighty mastodons once dominated the North American landscape. Read More

Michigan retail sales up, bucking national trend

July 28, 2017
Michigan retailers are on a roll, with June marking the fourth straight month of positive year-over-year sales, according to the Michigan Retail Index, a joint project of Michigan Retailers Association (MRA) and the Federal Reserve Bank of Chicago. Read More

Monthly construction input prices tick higher

July 21, 2017
Construction input prices rose 0.2 percent in June, according to an analysis of Bureau of Labor Statistics data by Associated Builders and Contractors. Read More