Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University, says his survey of business activity indicates economic recovery for the area.
According to excerpts from the story:
Results of the survey, conducted the last two weeks of October, show that the index of new orders rose to +36, up from +31. The production index remained positive, but backtracked to +29 from +38. Activity in the purchasing offices moderated to +21, down from +24. The index of employment rose modestly to +17 from +14. For the third successive month, 31 percent of the firms responding to this survey reported that employment levels are rising. This is offset by 14 percent of the respondents who are still cutting jobs.
"All in all, our statistics continue to be very positive. For this survey, we are now in our seventh month of recovery," Long said.
Read the complete story here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.