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Purchasing Managers Index shows rise in orders
February 5, 2013
The Southeast Michigan Purchasing Managers Index for January is at 55.3, an increase of 3.5 points from the December PMI of 51.8, indicating faster growth in the Southeast Michigan economy than a month ago. Gains in new orders and employment were the significant contributing factors to this month's increase. "We are not only finding relative stability and growth in the overall index, but the employment index appears to be stabilizing as well," said Nitin Paranjpe, a supply chain faculty member at Wayne State University's School of Business Administration who interpreted the results of the purchasing managers survey. "Concerns of most of the respondents centered around legislative issues such as health care reform and gun control," said Ken Doherty, assistant vice president for procurement and strategic sourcing at Wayne State University and a member of the Southeast Michigan chapter of the Institute for Supply Management.