robert dye

Steve Carmody / Michigan Radio

Holiday shoppers are feeling better about the U.S. and Michigan economies.

Economists credit holiday shoppers having a few extra dollars in their pockets this season.

Robert Dye is the chief economist for Comerica Bank. Dye points to falling gasoline prices and an improving job forecast as just a couple of factors helping boost consumer confidence over the holidays.

“I do expect the holiday shopping season to reflect a more secure, a more confident, and a more employed U.S. consumer,” says Dye.

But there is a dark cloud on the horizon: Inflation.

Michigan’s economy will continue to stabilize in 2012.

That’s the prediction of Comerica Bank’s chief economist Robert Dye. Dye expects Michigan’s auto and furniture industries will continue to show some growth, but he expects economic growth will be uneven in Michigan.  

“I would say that central, west Michigan…the Kalamazoo, Lansing, Grand Rapids…Ann Arbor…will probably show a little bit stronger gains than…southeast Michigan," said Dye.  

Dye said Michigan’s economic picture in 2012 will be heavily dependent on what happens in Europe and Asia.