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Area purchasing managers are feeling good about West Michigan’s industrial economy

Grand Valley State University | Seidman College of Business
Grand Valley State University
Grand Valley State University
Grand Valley State University | Seidman College of Business

The February Supply Management Research Institute Survey reveals a level of renewed confidence.

“Well, the surprise in this month’s survey turned out to be the new wave of optimism we are receiving.”

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

“Our index of business confidence came in at a two-year high. And the comments from our survey participants were also upbeat for the first time in quite a few months.”

New orders swung from -26 in January to +3 and production output also improved. Employed remained steady.

“Well, much as we expected, the down tick we reported last month turned out to be a one-off event. This month’s numbers came in what we could best describe as ‘flat’ but headed in the right direction. Namely, up.”

Long says barring a ‘Black Swan’ event, the positive February numbers suggest a recession is unlikely in 2024.

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.