Purchasing Managers Index Shows Up Economy Heading Into New Year
DETROIT - The Southeast Michigan Purchasing Managers Index bounced back in December 2016, gaining 3.9 points to reach a value of 61.9. Despite November’s drop, the three-month average is a strong 62.0. A PMI above 50 is considered an indication of an expanding economy. “We’ve experienced a see-sawing trend over the past six months between