PMI move indicates growth in economy

PMI move indicates growth in economy     The Southeast Michigan Purchasing Managers Index, (PMI) expanded to 66.1 in June, indicating that the local economy experienced a significantly high rate of expansion.
    June marks the fifth consecutive month with PMI values higher than 50. An index above 50 indicates an expanding economy. The higher the value above 50, the greater the expansion.
    According to the survey, results compiled by the Wayne State University School of Business Administration and the Southeast Michigan chapter of the Institute for Supply Management, the growth in June was due to a strong increase in new orders and marked expansion in production and employment. 

 Panel will discuss health insurance     WWJ Newsradio 950, in partnership with Blue Cross Blue Shield of Michigan presents “Health Insurance Changes for Small Business,” opening at 7:15 a.m. for registration and continental breakfast and panel discussion with question and anwers is 8-9:30 a.m. Tuesday, July 20 at Lawrence Technological University, UTLC Gallery, 21000 West Ten Mile Road, Southfield. 

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