The economy continued “chugging along” in West Michigan during the early spring, even as economist Brian Long’s monthly survey of industrial purchasing managers again found signs of slower growth.
West Michigan’s economy plodded along to start 2019, growing slowly as it has been for a decade, according to economist Brian Long’s monthly survey of industrial purchasing managers. Key indexes for new orders and purchases in Long’s report for March eased from February and the index for production “retreated” but remained positive.
West Michigan’s economy remained in growth mode at mid-year, as a monthly industrial activity index recorded improvements in most categories.
The economy in West Michigan continues to chug along even as companies start to feel the pricing effects of steel and aluminum tariffs.
According to the most recent state jobs data, wages for manufacturing production workers in May sunk to their lowest levels in the last 12 years as the average hours worked dipped to the lowest point since 2009. Meanwhile, the number of people working in manufacturing hit its highest level in almost a decade.
HOLLAND — After manufacturing a specialized line of food processing equipment for 30 years, Lakewood Fab Tech LLC wants to embrace new opportunities by refocusing its business on designing custom machines for the industrial market.