Auto cutbacks dim Detroit's economy.The Detroit Detroit, city, United States Detroit (dĭtroit`), city (1990 pop. 1,027,974), seat of Wayne co., SE Mich., on the Detroit River and between lakes St. Clair and Erie; inc. as a city 1815. Area Business Activity Index fell to 104 in October October: see month. , down two points from September's level of 106. A year earlier the index stood at 110. Through the first 10 months of 2000, the region's economy was down 2.5 percent, after correcting for inflation. Reduced auto production schedules are clearly dimming the prospects for near-term performance of the local economy. Declining steel output reinforces the slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. now under way. Source: The DABAI, compiled monthly by Comerica from eight measures, is seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. , corrected for inflation and expressed as an index with 1996 equaling 100. [Graph omitted] |
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