Monday, September 24, 2012
With an economy like this
It is easy to see why the Republicans have given up on Michigan in their efforts to put Money Boo-Boo in the White House.
Comerica Bank is reporting, Comerica Bank’s Michigan Economic Activity Index surged ahead by 2.0 points in July, rising to a level of 107.9.Amazing how well Michigan is rebounding despite the best efforts of a Republican/Teabagger governor and legislature.
“The Michigan economy accelerated rapidly this summer, driving our Michigan Economic Activity Index up a total of 5.9 points from May through July. July marks the highest reading for the Michigan economy since November 2002,” said Robert Dye, Chief Economist at Comerica Bank. “Job creation picked up again in July, while housing markets are showing signs of improvement with sales and prices increasing. August U.S. vehicle sales picked back up to a 14.5 million unit rate and that is encouraging.”
Housing is also in recovery in Michigan, probably due to the increase in auto manufacturing and economic stability.
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