Supply Management Research survey

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The first survey for 2018 has been recorded and the West Michigan economy is off to a better than expected start. The national and local economies are heating up with the passage of federal tax reform.

“We knew that the tax cuts would have a positive effect on the economy and stock market but because the markets seem to be hungry for some reason for optimism the growth turned out to be a little bit higher in response to the tax bill that finally did get passed and finally is being implemented.”

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West Michigan’s economy wrapped up 2017 with what is described as “solid growth” in December. WGVU takes a look at the number from last month’s Supply Management Research survey. The trajectory gives its author a good idea of what the local economy may bring in 2018.

“The general feeling is we could hit 3.5 percent growth rate as far as the year 2018 is concerned.”

Brian G. Long is director of Supply Management Research in the Seidman College of Business at Grand Valley State University.

“This will be our best year if this in turn comes to pass.”

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As 2017 comes to a close, November’s Supply Management Research survey suggests West Michigan’s economy will be strong in 2018.

“It’s quite possible that 2018 will be one of our best years in the previous 10 years.”

Brian G. Long is director of Supply Management Research in the Seidman College of Business at Grand Valley State University. He says West Michigan’s economic trajectory heading into December and beyond is full steam ahead.

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West Michigan’s economy continued its steady growth into June. WGVU breaks down the data points highlighted in the most recent Supply Management Research survey.

What continues to be the strength of the Supply Management Research survey is the regions low unemployment.

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It’s a “back to work” attitude for the west Michigan economy following the December holiday season.

The January Supply Management Research Report has been released and all signs point to growth. But has the local economy maxed out?

“Most of the industries that we are surveying right now are optimistic to the point that things are going OK.”

That’s what business leaders are telling Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University.

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The west Michigan economy slowed during the month of December. You can chalk it up as a holiday slowdown. As we enter January and the new year, what is the outlook among purchasing managers surveyed each month for the Supply Management Research Report?

“The Stock Market is in record territory right now.” Brian G. Long is director of Supply Management Research in the Seidman College of Business at Grand Valley State University. “This means that business confidence has improved and our local number for business confidence are as good as they’ve been all year long.”

The West Michigan economy, while still positive, backtracked a bit in August. That’s the finding for the August Supply Management Research survey. Its author attributes it to the “summer doldrums.”