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Article: Michigan economy continues to tread water - Comerica Bank's Michigan Business Activity Index.
- Article from:
- M2 Presswire
- Article date:
- April 27, 2005
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M2 PRESSWIRE-27 April 2005-Comerica Bank: Michigan economy continues to tread water - Comerica Bank's Michigan Business Activity Index(C)1994-2005 M2 COMMUNICATIONS LTD
RDATE:26042005
DETROIT - The Michigan Business Activity Index, compiled by Comerica Bank, held steady at 108 in March. The index has been fluctuating in a narrow band around the 108 level since June of 2004.
"The Michigan economy remains in a prolonged bottoming pattern, neither contracting nor expanding," according to Dana Johnson, chief economist at Comerica Bank. "With a number of its flagship corporations in the early stages of cost cutting initiatives, key Michigan ...