Southeast Michigan Purchasing Managers Index Up 13 Percent From July
DETROIT - The Southeast Michigan Purchasing Managers Index for August hit 60.2, a 13 percent increase over July's PMI of 53.1, reflecting continued strengthening of the local economy. The three-month average, however, was relatively unchanged at 54.2. Among components of the index, the Commodity Prices Index rose in August to 55.6 from 54.8 in July