Southeast Michigan Purchasing Index maintains strong economic outlook
The Southeast Michigan Purchasing Managers Index (PMI) stayed at or above 50 throughout 2015. The index was 54.8 for December, according to the Wayne State University and Institute for Supply Management survey. The three-month average is 56.8, well above a PMI of 50, which suggests an expanding economy, according to a press release issued by the university. "Despite a variety of global concerns that have popped up here in there over the last year and a half, Southeast Michigan purchasing managers have remained pretty bullish about the regional economy," said Tim Butler, associate professor of global supply chain management at Wayne State University’s Mike Ilitch School of Business.