October Southeast Michigan Purchasing Managers Index shows sharp upswing
The Southeast Michigan Purchasing Managers Index rose to 63.1 in October, from 59.9 in September, raising the three-month average for the economy to a robust 61.1. "Over the last 14 months, the PMI has come in at 50 or above 13 times," said Timothy Butler, associate professor of supply chain management at Wayne State’s School of Business Administration, who interpreted this month’s results. "October’s numbers confirm that the Southeastern Michigan economy continues to strengthen."
