KALAMAZOO, MI (WHTC) – The “Trump Bump” on Wall Street is being reflected in the West Michigan economy.
That’s a conclusion that can be made from the latest monthly survey of purchasing managers in the Grand Rapids/Kalamazoo market by Dr. Brian Long, director of supply management research at Grand Valley State University. His canvas that was released on Tuesday, taken during the final two weeks in January, indicated the index of new orders is at its highest level in nearly three years. He felt that this was due to the “possibility of a significant cut in the statutory 35 percent corporate tax rate.”
Other indices in Dr. Long’s survey of purchases, production, inventories of both finished goods and raw materials and employment also saw gains in February as compared to January. The short-term business outlook was also improved in this poll, although the long-term outlook remained unchanged.
