S.E. Purchasing Managers Index Points To A Favorable Summer Economy
DETROIT - Good news again from the Southeast Michigan Purchasing Managers Index, which moved up slightly from April to May, suggesting that economic growth continues unabated. The numbers show the May index was 66.4, compared with 66.3 in April. The three-month averages also increased to 65.7. A PMI value above 50 suggests positive economic growth.