Recent West Michigan economic survey “A bit of a flat spot”
Brian Long GVSU
Patrick Center February 6, 2013 | WGVU The numbers have flipped in the most recent Supply Management Survey conducted by economist Brian Long at the Seidman College of Business at Grand Valley State University.
“This is just a bit of a flat spot.”
The survey is based on data Long gathered during the last two weeks of January. New orders and production are down. Forty purchasing managers from the Grand Rapids and Kalamazoo are interviewed. While the data is dipping, the employment numbers and sentiment remain in positive territory.
“If this optimism holds true we’ll see some pickup as we get into the New Year.”
Long explains that last month there were firms producing at full capacity and reporting all-time high sales figures. He says, “Only two reports from the 71 firms in this month’s survey were seriously negative.”
West Michigan office furniture makers look to holding steady. The concern is the auto industry. While sales have been impressive, it could be topping out impacting local suppliers.
“Even the national forecasters for automotive only expect about a three percent growth this year and that’s a lot different than the 10 percent rates of growth that we’ve been looking at for some time here. This means that our future growth is going to have to be dependent upon some other things besides automotive.”
Long points out the March 1st budget sequester and the debt ceiling, due to hit around March 20th are also factors weighing on the business community.
Friday Hop candy delivers flavor without the hangover GRAND RAPIDS, Mich. December 19, 2014 | WGVU Today is National Hard Candy Day. The ingredients for making hard candy is basic; syrup, citric acid, food coloring and flavoring. And for kids young and old it’s the flavor that matters. WGVU discovered a one-of-a-kind candy taste earlier this year at the American Homebrewers Association Conference held at Grand Rapids’ DeVos Place. ListenDownload US Senate race in Michigan drew $56M in spending LANSING, Mich. December 19, 2014 | AP The race for U.S. Senate in Michigan drew more than $56 million in spending from the campaigns and outside supporters. Snyder signs bills to streamline some courts LANSING, Mich. December 19, 2014 | AP Gov. Rick Snyder has signed legislation designed to streamline the district court system in Michigan by creating more flexibility for magistrates. Snyder signs bill to expand nuisance abatement LANSING, Mich. December 19, 2014 | AP Gov. Rick Snyder has signed legislation to expand local governments' power to file nuisance complaints against homeowners and businesses suspected of illegal activity such human trafficking or gun crimes. Michigan Lottery sales reach record $2.6 billion LANSING, Mich. December 19, 2014 | AP Michigan Lottery ticket sales have reached a record $2.6 billion in the 2014 budget year. Tighter Internet sales tax collections are OK'd LANSING, Mich. December 19, 2014 | AP Amazon.com and other online stores will have to collect Michigan's sales tax on purchases under legislation headed to Gov. Rick Snyder. 168-year-old Grand Rapids house restored as treatment center GRAND RAPIDS, Mich. December 19, 2014 | AP A 168-year-old Grand Rapids mansion has been renovated for use as a private treatment center for women with alcohol and drug addictions. Cyberbullying legislation sent to Gov. Snyder LANSING, Mich. December 19, 2014 | AP Michigan school districts would have to include cyberbullying in their anti-bullying policies and report bullying data to the state under legislation going to Gov. Rick Snyder. Michigan voters to decide road funding tax hike LANSING, Mich. December 19, 2014 | AP A proposed tax hike aimed at improving Michigan's transportation infrastructure and schools is heading to voters. Authorities: Man arrested in 1990 beating death GRAND RAPIDS, Mich. December 19, 2014 | AP Authorities say a 56-year-old man has been arrested in the 1990 beating death of a 23-year-old in Grand Rapids. 11 charter authorizes remain at-risk of suspension LANSING, Mich. December 19, 2014 | AP The Michigan Department of Education has decided to keep the status of 11 of the state's charter school authorizers at-risk of possible suspension. Michigan gets $349,000 in cell 'cramming' deal LANSING, Mich. December 19, 2014 | AP Michigan Attorney General Bill Schuette says the state will receive $349,000 as part of a $90 million national settlement with cellphone company T-Mobile.