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West Michigan Industry Growing Again, Says GVSU Survey

West Michigan Industry Growing Again, Says GVSU Survey
Posted Friday, October 4th 2013 @ 4pm  by Chuck LaTour, WOOD Radio news team

Slow but steady industrial growth.

Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University says their monthly survey's index of business improvement, called new orders, flipped back to positive at +6, up from -4. The production index also turned positive at +2, up from -6. The employment index jumped from 0 to +10, depicting a continuation of the employment growth in West Michigan.

Long said, at this point, he is not too concerned about the effects of the government shutdown for Michigan. "We will probably see little economic impact in Michigan unless the shutdown lasts more than a month," he said.

Long said local firms are doing a credible job of managing inventories and barring economic disruptions at the national or international level, the current trend of slow growth for West Michigan should continue.

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