KALAMAZOO, MI (WTVB) - Another month, another positive report on growth as we slowly climb out of the recession here in West Michigan and continue to outstrip the rest of the nation’s economy when it comes to growth. Dr. Brian Long’s monthly survey from the factory floor shows his economic indicators flattening a little but he still finds a lot of optimism out there in West Michigan, mainly because of the resurgent auto industry. But what goes up must come down and he says at some point auto sales will peak, demand will have been met, and because cars last longer these days, sales will begin to taper again.
Long says gains in the housing market have bolstered consumer confidence and consumer sales and that’s a good thing too. He says we still aren’t back to where we were, but we are headed there.
In the big picture, South Dakota is the top state in the country for business. The ranking is part of CNBC’s annual Top States for Business survey. Texas claimed the number two spot, followed by North Dakota in third. Categories included were the cost of doing business, economy and infrastructure. Michigan showed up in 29th place, Ohio 28th and Indiana 18th.