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