Purchasing managers' index jumps in April

Driven by a sharp boost in local employment, the Southeast Michigan Purchasing Managers Index rose 3.6 points in April, with the three-month average rising from 56.1 to 57.9. The employment component of the index was up by 9.4 points, from 57.3 to 66.7. “The index has not fallen below 50 since June of 2014, indicating a resilient strength in the regional economy,” said Tim Butler, associate professor of global supply chain management in Wayne State University’s Mike Ilitch School of Business, who interpreted this month’s results.

Crain's Detroit Business