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MICHIGAN ECONOMY STATIONARY IN NOVEMBER

 MICHIGAN ECONOMY STATIONARY IN NOVEMBER
 DETROIT, Jan. 7 /PRNewswire/ -- In November, the Michigan Business


Activity Index (MBAI) remained at October's level of 133. This represents a 2.1-percent gain over the stumbling economy in November of 1990. Year-to-date for November, Michigan's economy was 4.4 percent below the first 11 months of 1990, indicating that 1991 would mark the third consecutive year of economic slippage for the state.
 In November, there were gains in steel output and in the financial sector of Michigan's economy, but these sources of strength were exactly offset by declines in the automotive sector.
 The MBAI represents 10 different measures of Michigan economic activity compiled monthly by the Economics Department of Manufacturers Bank. The MBAI is seasonally adjusted, corrected for inflation, and expressed on an index basis with base year 1982 equal to 100. The MBAI series has been calculated monthly since 1957 and depicts state economic activity over seven full swings of the U.S. business cycle.
 -0- 1/7/92
 /CONTACT: David L. Littmann of Manufacturers Bank, N.A., 313-222-7241/
 (MNTL) CO: Manufacturers Bank, N.A. ST: Michigan IN: FIN SU: ECO


KK -- DE026 -- 7500 01/07/92 17:23 EST
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Publication:PR Newswire
Date:Jan 7, 1992
Words:197
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