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REVISION OF DETROIT PURCHASING MANAGERS' TABLE AND CHART FIGURES FOR MAY

REVISION OF DETROIT PURCHASING MANAGERS' TABLE AND CHART FIGURES FOR MAY
 DETROIT, July 9 /PRNewswire/ -- The June 1992 survey of the Detroit Purchasing Managers correctly stated the June and May composite index within the text summary. However, the release failed to note that May had been revised upward (to 58.2) from the originally released 56.2. Furthermore, the comparison table and chart failed to show the upward revisions. Following is the revised May table and chart.
 AUTO NON-AUTO TOTAL
 MAY JUNE MAY JUNE MAY JUNE
 NAPM-MD Index 58.3 74.4 5.?0 49.9 58.2 57.1
 Production 71.1 92.3 65.0 53.2 66.9 64.8
 New Orders 65.6 92.3 70.0 53.2 68.8 64.8
 Inventories 55.3 65.4 47.6 46.8 50.3 52.3
 Employment 50.0 69.2 48.8 56.5 49.2 60.2
 Vendor Performance 44.7 38.5 51.2 41.9 49.2 40.9
 Prices 57.9 53.8 56.0 56.5 56.6 55.7
 Weighting 29.5 29.5 70.5 70.5 100.0 100.0
 Comerica Incorporated compiles the NAPM-MD survey report from monthly responses of local purchasing managers belonging to the 500- member NAPM-MD (National Association of Purchasing Management-Metro Detroit). The report indicates whether fundamental measures of the economy are stronger, weaker, or unchanged from the prior month.
 -0- 7/9/92
 /CONTACT: David L. Littmann of Comerica, 313-222-7241/
 (CMA) CO: Comerica Incorporated ST: Michigan IN: FIN SU: ECO


ML -- DE012 -- 7844 07/09/92 12:30 EDT
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Date:Jul 9, 1992
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