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Michigan's economy enjoyed a good first half of 2015

Jul 7, 2015

Michigan’s economy has been improving through the first half of the 2015.

Auto sales have given Michigan's economy a boost in 2015
Credit Steve Carmody / Michigan Radio

Comerica Bank economist Robert Dye says strong auto sales, improving home values and rising employment have all been a plus.

But Dye warns auto sales may have peaked.

“Numbers for the auto industry are probably not going to get a whole lot better than they are now,” says Dye. “But I think we’ve got some time to go before we start worrying about a possible downturn in U.S. manufacturing.”

In the meantime, Dye says we’re seeing a nice accumulation of wealth going back to the consumer in Michigan.