“Economics Perspective” – Brian Long

/"Economics Perspective" - Brian Long

Back to Double-Digit Growth

For West Michigan, the 2017 rally continues for the industrial markets. According to the latest survey conducted during the last two weeks of February, NEW ORDERS, our index of business improvement, bounced to +25, up significantly from +8 in last month’s report. The PRODUCTION index rose to +17 from +8. Activity in the purchasing offices, the index of PURCHASES, jumped to +19 [...]

By | March 6th, 2017|"Economics Perspective" - Brian Long|0 Comments

Growth Resumes

By Dr. Brian G. Long, Ph.D., C.P.M. The holidays are over, and we are now into the back-to-work mode of 2017. According to the latest survey conducted during the last two weeks of January, NEW ORDERS, our index of business improvement, has returned to a normal pace of +8, up nicely from December’s -5. Most of our other key indexes [...]

By | February 8th, 2017|"Economics Perspective" - Brian Long|0 Comments

Seasonally Flat

By Dr. Brian G. Long, Ph.D., C.P.M. December is often a slow month for many industrial firms, and December 2016 was no exception. According to the latest survey conducted during the last two weeks of December, NEW ORDERS, our closely watched index of business improvement, came in at -5, considerably below our index of +23 posted as recently as September, [...]

By | January 6th, 2017|"Economics Perspective" - Brian Long|0 Comments

Back to Flat

By Dr. Brian G. Long, Ph.D., C.P.M. Flat. That’s the latest word on the West Michigan economy, according to the data and comments collected in the last two weeks of May 2016. NEW ORDERS, our closely watched index of business improvement, backtracked to +0, down from +7 in April. The PRODUCTION index remained positive but retreated to +4 from +20. Activity [...]

By | June 6th, 2016|"Economics Perspective" - Brian Long|0 Comments

Still Rising

By Dr. Brian G. Long, Ph.D., C.P.M. For this month’s report, it is gratifying to see the West Michigan economy continue to grow, even though the pace remains subdued. The data and comments collected in the last two weeks of April remain optimistic, although there remains a scattering of firms that are either flat or declining. NEW ORDERS, our index of [...]

By | May 10th, 2016|"Economics Perspective" - Brian Long|Comments Off on Still Rising

The Upturn Continues

By Dr. Brian G. Long, Ph.D., C.P.M. After seeing the reports for the West Michigan industrial economy soften at the end of 2015, it is gratifying to report that the local economy is again gaining strength. The data and comments collected in the last two weeks appear to be paralleling the post holiday growth we reported last month. NEW ORDERS, our [...]

By | April 5th, 2016|"Economics Perspective" - Brian Long|Comments Off on The Upturn Continues

Growth Returns

By Dr. Brian G. Long, Ph.D., C.P.M. For the West Michigan industrial economy, 2016 has finally arrived. December is often amonth of slower sales and reduced production, but it took until February for West Michigan to return to the same slow growth we have reported for most of the past seven years. Although our statistics for January were incrementally positive, the [...]

By | March 8th, 2016|"Economics Perspective" - Brian Long|Comments Off on Growth Returns

The Grinch of 2016

As we enter the New Year, the mood of some economists has eroded from optimism to caution.  Some will say that we shouldn’t worry, because 24/7/365, and for the past 60 years, there has always been pessimists predicting an impending economic calamity.  Even a broken clock is exactly right twice a day, so these obscure pundits will [...]

By | February 10th, 2016|"Economics Perspective" - Brian Long, Latest News|Comments Off on The Grinch of 2016

Meekly Positive Economy

Meekly Positive Flat, but meekly positive. That’s the latest word on the West Michigan economy according to the data and comments collected in the last two weeks of January 2016. Our index of business improvement, which we call NEW ORDERS, edged back to +4, up from -1. The PRODUCTION index recovered more ground, rising to +12 from-4. Activity in the purchasing [...]

By | February 10th, 2016|"Economics Perspective" - Brian Long, Latest News|Comments Off on Meekly Positive Economy

Why are Wages Not Growing?

By Dr. Brian G. Long, Ph.D., C.P.M. The question keeps coming up, so here are a few comments: If we had been blessed with a normal recovery from the 2009 recession, we would not be having this discussion.  The problem is the length of the recovery.  In any recession, wages do NOT start to rise again until we return [...]

By | November 19th, 2015|"Economics Perspective" - Brian Long, Latest News|Comments Off on Why are Wages Not Growing?