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Article: Detroit Regional Economy Still Struggling, Reports Comerica Bank's Detroit Business Activity Index
- Article from:
- U.S. Newswire
- Article date:
- January 3, 2007
CopyrightCopyright 2007 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: BUSINESS EDITORS
Contact: Dana Johnson, Senior Vice President & Chief Economist of
Comerica Bank, +1-734-930-2401, or +1-800-895-7708
DETROIT, Jan. 3 /PRNewswire-FirstCall/ -- The Detroit Area
BusinessActivity Index rebounded 2 points in November to 100, after
falling 10 pointscumulatively over the prior two months. Even after
the up tick in November,the latest reading is still down 9 percent
from November 2005. For the first11 months of 2006, the Detroit index
has averaged 5 percent less than it didin 2005.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO)
"The direct and indirect impacts of cuts in the auto industry have
visiblyslowed the Detroit metro economy in the second ...