Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Comerica Bank
Michigan Economy Holds Steady in April Reports Comerica Bank's Michigan Business Activity Index
June 21st, 2009
Comerica Bank's Michigan Business Activity Index was unchanged in April compared to the revised level of 74 for March. Relative to a year earlier, the April Index is down 16 points, representing the seventh consecutive month of double-digit year-on-year declines. Year-to-date the Index has averaged 73, down 14 points from the average for all of 2007. "Our Index continues to show that the Michigan economy is contracting more slowly in early 2009, paralleling the pattern seen in the national economy," said Dana Johnson, Chief Economist at Comerica Bank. "As summer approaches, however, temporary shutdowns at GM and Chrysler, coupled with permanent plant closings related to...
Source: Pharma Investments, Ventures & Law Weekly (2009-06-21)
|
