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Monthly Michigan Economic Activity Index shows continued improvement in the state's economy

Comerica Bank
Comerica Bank

DETROIT (WKZO) -- The state's economy continues to steadily improve. Comerica Bank's monthly Michigan Economic Activity Index rose three percentage points for May and measures nonfarm payrolls, sales tax revenues, exports, hotel occupancy rates, building permits, vehicle production and continuing claims for unemployment. Comerica Chief Economist Robert Dye says "ongoing improvement" is expected for the state economy through the second half of 2013. The report was issued before the city of Detroit filed for Chapter 9 bankruptcy protection.