michigan's economy

Detroit Bikes Facebook

There are a couple of relatively new companies making bikes in Detroit.

Shinola makes them (along with watches, leather goods, and journals). Detroit Bicycle Company makes 'em.

michigan.org

TRAVERSE CITY, Mich. (AP) - Spotty snowfall in the Upper Midwest is making some business owners happy and hurting others.

Snow accumulation is below normal across the region for the second consecutive winter. It's picked up over the past week as temperatures have fallen dramatically. But some areas are having a feast and others a famine.

Sarah Long says bare ground caused her resort in Michigan's Upper Peninsula to lose nearly three weeks' worth of reservations. But heavy lake-effect snow in recent days has turned things around.

The Romney campaign has made significant gains in a recent EPIC-MRA poll.
Rick Pluta / Michigan Radio

Today on It's Just Politics, co-hosts Zoe Clark and Rick Pluta discussed Republican presidential candidate Mitt Romney's Michigan campaign tour this week.  Romney also made campaign stops in Michigan last month, during which, Pluta says Romney's grim assessment of the Michigan economy created some friction with Republican Gov. Rick Snyder's more positive message of economic recovery in the "comeback state."

"We've talked about this before," said Pluta, "this tension between the messaging of a Republican governor, like Rick Snyder, who's saying, 'Look, we're making changes; things are improving; what we're doing is working,' and Mitt Romney coming into the state and saying, 'You're not doing that well.' It's basically a message of pessimism, and making the case for change."

On his tour this week, Pluta says, Romney has changed tones. The presidential hopeful lauded Snyder, saying he would do for the country what Snyder has done for the state.

Paul Sicilian / Grand Valley State University

Economists at Grand Valley State University estimate last year’s ArtPrize added up to $7.5 million dollars; that’s just a little more than the first ArtPrize in 2009. But the study’s authors say they kept their estimates conservative.

Michigan’s economy stumbled in October. 

Comerica Bank’s monthly gauge of Michigan’s economic activity shows a slight dip in October.   The state’s economy spiked up in September. 

Comerica Bank chief economist Dana Johnson says Michigan’s economy has essentially been flat for the past four months.  Johnson says:

 As has been the case in the national economy over the second half of the year, growth in Michigan has been sluggish and uneven. Looking ahead, the Michigan economy is poised to make modest gains in coming months, against a background of gradually accelerating national growth.

The Michigan Economic Activity Index weighs nine, seasonally-adjusted indicators of real economic activity.

These indicators reflect activity in the construction, manufacturing and service sectors as well as job growth and consumer outlays.