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Article: Michigan Economy Shows Slight Uptick Reports Comerica Bank's Michigan Business Activity Index
- Article from:
- U.S. Newswire
- Article date:
- January 24, 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 and Chief Economist
of Comerica Bank, +1-734-930-2401, or +1-800-895-7708
DETROIT, Jan. 24 /PRNewswire-FirstCall/ -- The Michigan Business
Activity Index compiled by Comerica Bank was 102 in December, up 1
point from November. The latest reading is down about 4 percent from
a year ago. For the year as a whole, our index has averaged 2.6
percent less than it did in 2005.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO)
"Mild weather helped activity tick higher in December, but the
state economy almost certainly has not bottomed out yet," said Dana
Johnson, Chief Economist at Comerica Bank. "Production and ...