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Michigan Economic Index falls for fourth straight month

Comerica Bank
Comerica Bank

DALLAS (WKZO) -- The state's economy appears to be slowing based on the latest data from Comerica Bank. The financial institution's monthly Michigan Economic Activity Index fell in February for the fourth straight month.

Comerica Bank Chief Economist Robert Dye notes job growth in the state has stalled out since last August, and some of the blame for the current downturn rests on the brutal winter. Dye expects an increase in American auto sales this spring to start bringing the economy back, but adds the auto sector's potential for job creation is limited.

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