Southeastern Michigan economy still improving
By Joseph Szczesny
Southeast Michigan’s economy continues to expand as auto sales picked up momentum nationally, a new survey shows. The Southeast Michigan Purchasing Managers Index (PMI), a research partnership between Wayne State University’s School of Business Administration and the Institute for Supply Management-Southeast Michigan, indicates metro Detroit’s local economy continued to improve in February. “The Southeast Michigan PMI has been above 50 for 24 of the past 25 months, suggesting an improving business climate in metropolitan Detroit for two years now,” said Timothy Butler, associate professor of supply chain management at Wayne State’s business school.