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Article: Michigan economy stuck in neutral; Comerica Bank's Michigan Business Activity Index.
- Article from:
- M2 Presswire
- Article date:
- April 8, 2005
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M2 PRESSWIRE-8 April 2005-Comerica Bank: Michigan economy stuck in neutral; Comerica Bank's Michigan Business Activity Index(C)1994-2005 M2 COMMUNICATIONS LTD
RDATE:07042005
DETROIT - The Michigan Business Activity Index, compiled by Comerica Bank, edged down to 108 in February from 109 in January. After moving lower in early 2004, the index has been fluctuating in a narrow band around the 108 level since June of last year.
"Economic activity in Michigan has been on a plateau for nine months. None of the components of our index are showing a consistent pattern of growth yet," according to Dana Johnson, chief economist at Comerica Bank. "With ...