The Southeast Michigan Purchasing Managers Index rebounded sharply in October, rising more than 12 percent - to 59.7 from 53.1 in September. That increase followed three months of decline. Anything above 50 indicates an expanding economy. "The index had declined to near the threshold of 50, suggesting that the economy may be cooling. The October index suggests a possible, but far from conclusive, return to a stronger business economy," said Timothy Butler, associate professor of global supply chain management at Wayne State University's business school.

http://www.crainsdetroit.com/article/20111101/FREE/111109997 http://www.mlive.com/business/detroit/index.ssf/2011/11/wayne_state_index_metro_detroi.html
http://detroit.cbslocal.com/2011/11/01/pmi-southeast-michigan-economy-improved-in-october/
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