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West Michigan’s 2021 economic momentum carried over into the new year

Seidman College of Business aerial photo
Grand Valley State University
Seidman College of Business at Grand Valley State University

January’s Institute for Supply Management Research survey indicates slow growth.

West and Southwest Michigan economic growth remain slow, but steady.

“I’m happy to report that our numbers are still positive.”

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

New orders, production and employment remain in positive territory. However, January report adds, “significant personnel shortages are in hospitality and service industries.”

So, yes, positive data for most area businesses and manufacturers, but…

“They are of course restrained by all the problems with the supply chain that we are having right now as well as all of the things that are happening in the world that dampen our enthusiasm to a certain degree.”

Inflation, the Federal Reserve’s plan to raise interest rates attempting to contain rising inflation, and the situation in Ukraine are all weighing on the national and local economies.

Patrick joined WGVU Public Media in December, 2008 after eight years of investigative reporting at Grand Rapids' WOOD-TV8 and three years at WYTV News Channel 33 in Youngstown, Ohio. As News and Public Affairs Director, Patrick manages our daily radio news operation and public interest television programming. An award-winning reporter, Patrick has won multiple Michigan Associated Press Best Reporter/Anchor awards and is a three-time Academy of Television Arts & Sciences EMMY Award winner with 14 nominations.