A new report claims Michigan’s economic recovery is starting to “broaden” beyond the state’s manufacturing base.
Comerica Bank’s “Michigan Economic Activity Index” follows: non-farm payrolls, exports, sales tax revenues, building permits and other indicators of the state’s economic direction.
And according to those measures, Michigan’s economic activity is at a level not seen since 2002.
Robert Dye is Comerica Bank’s Chief Economist. He says its good news. But there are other issues to watch closely.