Comerica Bank's Michigan Index Rebounded in October Despite the UAW Strike

DALLAS, Jan. 22, 2024 /PRNewswire/ -- The Comerica Michigan Economic Activity Index rose 7.2% annualized in the three months through October, reversing a drop in the prior three months. Nonetheless, the Index was still down 0.4% from a year earlier, and declined in those terms for most of 2023. Six of the index's nine components fell in October, while three rose. Reflecting the effects of the United Auto Workers strike, employment in the Great Lakes State fell 13,000 in October and 13,700 in September. Simi ...