In an article from Crain's Detroit Business, Shawn Wright discusses some postive news for Southeast Michigan's economy. At its lowest point in January, the PMI (Purchasing Managers Index) showed a 45.2. Over the last six months, the index has indicated a consistently expanding economy to July's level of 56.7. As we see sustained growth in the economy, purchasing managers should become more comfortable with hiring once again. And, as people feel more confident in their job security, the economy, and housing prices, we should see some leveling off of the real estate market.
For Shawn's complete article, click here
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