DETROIT ? The Southeast Michigan Purchasing Managers Index took a slight dip in September, but still providing evidence of an expanding economy.
The PMI for September is 59.9, down from 60.2 in August. The three-month average is 57.7. A PMI value above 50 generally suggests economic growth.
?September marks the third consecutive month of increased economic activity throughout Southeast Michigan,? said Nitin Paranjpe, a supply chain faculty member at Wayne State?s School of Business Administration who interpreted this month?s results. ?Contributing to the drop in September?s PMI was a reduction in production by about four points to 64.6 from 68.5 in August, and employment which fell about five points to 54.2 for the month.?
