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Comerica Bank: Michigan Economic Index falls

by
Bank
Bank

DETROIT (WKZO) --  Economic activity slowed in Michigan in October.

The latest Economic Activity Index from Comerica Bank was weighed down by weakening job growth.  It fell to its lowest point since January, but still remains well above year-ago levels.

Comerica Bank Chief Economist Robert Dye says vehicle production and home construction were both up, and economic growth is expected through next year if a deal is reached to avoid the fiscal cliff in Washington, DC.

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