Comerica Bank's Michigan Index Inched Higher
DALLAS, Jan. 5, 2021 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in October to a level of 106.2.
- DALLAS, Jan. 5, 2021 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in October to a level of 106.2.
- The index averaged 117.9 points for all of 2019, 0.6 points below the index average for 2018.
- Our Michigan economic activity index increased for the fourth consecutive month in October, reflecting improving economic conditions prior to the current surge in coronavirus cases.
- Ominously, the rate of improvement in the Michigan Index has declined for each of the last three months.