marginal growth

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

The latest Institute for Supply Management survey indicates the local economy grew at a marginal rate in September.

Throughout the summer months the U.S.-China trade war and its tariffs slowed manufacturing and Brexit have weighed on the minds of local purchasing managers. Factor in the recent United Auto Workers strike with General Motors and it would stand to reason they’d have gloomier outlook in September.

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

The July Supply Management Research survey indicated the trade war with China and its tariffs slowed new orders coming in to West Michigan manufacturers.The recently released August survey presents a swing to marginal growth.

“Well, last month we were a little bit worried because we posted some of the most negative numbers that we’ve posted in a long time. But this month, those numbers came back to, what I guess I would say is, a flat report.”

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