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PNC Chief Economist Gus Faucher: Industrial Production Flat in April,

Michigan Business Network
May 17, 2024 1:00 PM

With Soft Details

  • Industrial production was flat in April from March, with drops in manufacturing and mining output and an increase for utilities.
  • Industrial production has been flat over the past couple of years as high interest rates are weighing on the industrial sector.
  • The capacity utilization rate fell in April from March; the industrial sector is not contributing to U.S. inflation.
  • Industrial production should pick up in 2025 with lower interest rates.
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Michigan Celebrates Small Business | Kall Morris Inc

Michigan Celebrates Small Business
May 16, 2024 6:00 PM

MCSB 2024 Michigan 50 Companies to Watch Awardee, Kall Morris Inc

In a lead-up to the 2024 Michigan Celebrates Small Business Gala Celebration, Jeffrey Mosher spoke with several winning companies from this cycle. This year’s gala will take place at the Breslin Center in East Lansing, MI, on May 21st! Please visit michigancelebrates.org/

Here, Jeffrey Mosher speaks with Troy M. Morris, Co-Founder / CEO, of Kall Morris Inc, Marquette, MI, a 2024 Michigan 50 Companies to Watch Awardee winner for this year's cycle of Michigan Celebrates Small Business. In its twentieth year and holding Gala Celebration May 21st in East Lansing, MI, at the Breslin Center.

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Michigan Celebrates Small Business | JEM Tech Group

Michigan Celebrates Small Business
May 16, 2024 3:00 PM

MCSB 2024 Michigan 50 Companies to Watch Awardee, JEM Tech Group

In a lead-up to the 2024 Michigan Celebrates Small Business Gala Celebration, Jeffrey Mosher spoke with several winning companies from this cycle. This year’s gala will take place at the Breslin Center in East Lansing, MI, on May 21st! Please visit michigancelebrates.org/

Here, Jeffrey Mosher speaks with Jami M Moore, President, of JEM Tech Group, Clinton Township, MI, a 2024 Michigan 50 Companies to Watch Awardee winner for this year's cycle of Michigan Celebrates Small Business. In its twentieth year and holding Gala Celebration May 21st in East Lansing, MI, at the Breslin Center.

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PNC Senior Economic Advisor Stuart Hoffman: Initial Jobless Claims Fell by 10K in the Week Ending May 11

Michigan Business Network
May 16, 2024 1:00 PM

Reversing About Half of the Previous Week's Rise

  • Initial claims for unemployment insurance fell by 10,000 to 222,000 in the week ending May 11, reversing about half of the previous week’s rise. The four-week moving rose by 3,000 to 218,000.
  • Continuing claims rose by 13,000 to 1.794 million in the week ending May 4 but the four-week moving average fell by 1,000 to 1.779 million.
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ICYMI: Michigan Celebrates Small Business | Hydro - Chem Systems

Michigan Celebrates Small Business
May 16, 2024 9:00 AM

MCSB 2024 Michigan 50 Companies to Watch Awardee, Hydro - Chem Systems

In a lead-up to the 2024 Michigan Celebrates Small Business Gala Celebration, Jeffrey Mosher spoke with several winning companies from this cycle. This year’s gala will take place at the Breslin Center in East Lansing, MI, on May 21st! Please visit michigancelebrates.org/

Here, Jeffrey Mosher speaks with Jim Voss, Director of Sales, of Hydro - Chem Systems, Caledonia, Kent County, MI, near Grand Rapids a 2024 Michigan 50 Companies to Watch Awardee winner for this year's cycle of Michigan Celebrates Small Business. In its twentieth year and holding Gala Celebration May 21st in East Lansing, MI, at the Breslin Center.

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Michigan Celebrates Small Business | Hydro - Chem Systems

Michigan Celebrates Small Business
May 15, 2024 6:00 PM

MCSB 2024 Michigan 50 Companies to Watch Awardee, Hydro - Chem Systems

In a lead-up to the 2024 Michigan Celebrates Small Business Gala Celebration, Jeffrey Mosher spoke with several winning companies from this cycle. This year’s gala will take place at the Breslin Center in East Lansing, MI, on May 21st! Please visit michigancelebrates.org/

Here, Jeffrey Mosher speaks with Jim Voss, Director of Sales, of Hydro - Chem Systems, Caledonia, Kent County, MI, near Grand Rapids a 2024 Michigan 50 Companies to Watch Awardee winner for this year's cycle of Michigan Celebrates Small Business. In its twentieth year and holding Gala Celebration May 21st in East Lansing, MI, at the Breslin Center.

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PNC Senior Economist Kurt Rankin: CPI Inflation Below PNC's Expectations

Michigan Business Network
May 15, 2024 1:00 PM

at 3.4% (Topline) and 3.6% (Core) for April 2024

  • Topline CPI grew at a 0.3% pace in April 2024 versus the month prior in seasonally-adjusted terms.
  • Core CPI, less Food & Energy, also posted a 0.3% monthly gain in April 2024.
  • Housing CPI finally relented in April 2024, gaining only 0.2% over the month prior.
  • Services less Rent of Shelter also came in well below its first-quarter pace at +0.2% for the month.
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PNC Chief Economist Gus Faucher: Retail Sales Flat in April

Michigan Business Network
May 15, 2024 12:00 PM

After Very Strong March

  • Retail sales were flat in April from March and were up 3.0% from a year earlier. Retail sales growth was strong in March.
  • Details were mixed.
  • Consumer fundamentals are generally positive, led by the very strong labor market.
  • Consumer spending growth will slow in 2024 but remain positive.
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PNC Senior Economist Kurt Rankin: PPI Inflation Exceeded Expectations in April 2024,

Michigan Business Network
May 14, 2024 1:00 PM

Up 0.5% (Seasonally Adjusted)

  • Topline PPI gained 0.5% on a seasonally adjusted basis in April 2024.
  • Core PPI, less Food & Energy, also gained 0.5% gain for April 2024.
  • Both Goods and Services PPI bounced in April 2024 after declines in the month prior.
  • Producers’ Energy costs rose 2.0% for the month in April 2024, setting the index value back above October 2023 levels.
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Michigan Celebrates Small Business | Array Of Engineers

Michigan Celebrates Small Business
May 13, 2024 6:00 PM

MCSB 2024 Michigan 50 Companies to Watch Distinguished Alumni Awardee, Array of Engineers

In a lead-up to the 2024 Michigan Celebrates Small Business Gala Celebration, Jeffrey Mosher spoke with several winning companies from this cycle. This year’s gala will take place at the Breslin Center in East Lansing, MI, on May 21st! Please visit michigancelebrates.org/

Here, Jeffrey Mosher speaks  Stacy Paul, CEO of Array Of Engineers, Grand Rapids, MI, a 2024 Michigan 50 Companies to Watch Distinguished Alumni Awardee winner for this year's cycle of Michigan Celebrates Small Business. In its twentieth year and holding Gala Celebration May 21st in East Lansing, MI, at the Breslin Center.

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