MRA - Michigan Retail Index

Percentage of Michigan retailers projecting increase (% Proj. Inc.), no change (% Proj. No Ch.) or decrease (% Proj. Dec.) in activity during the next three months.

* Index = Seasonally adjusted diffusion index. A diffusion index, which is the sum of the percent of respondents indicating increase and half the percent indicating no change, is calculated and then seasonally adjusted using the U.S. Census Bureau's X-11 Seasonal Adjustment procedure. Index values above 50 generally indicate an increase in activity, while values below 50 indicate a decrease.

3-Month Outlook 1994-2007
Current Performance
Current Performance 1994-2007

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2008	% Rep. Inc.	% Rep. No Ch.	% Rep. Dec.	Index*	% Rep. Inc.	% Rep. No Ch.	% Rep. Dec.	Index*	% Rep. Inc.	% Rep. No Ch.	% Rep. Dec.	Index*	% Rep. Inc.	% Rep. No Ch.	% Rep. Dec.	Index*	% Rep. Inc.	% Rep. No Ch.	% Rep. Dec.	Index*
December
November
October
September
August	40	28	32	53.4	34	32	34	45.5	46	49	5	71.4	57	41	2	73.5	12	74	14	47.8
July	35	26	39	48.5	21	39	40	39.4	44	51	5	69.6	37	53	10	64.1	6	77	17	45.7
June	36	27	37	47.9	19	40	41	38.2	50	46	4	72.8	43	52	5	68.0	11	70	19	45.4
May	40	30	30	53.0	25	43	32	45.6	49	45	6	74.3	31	65	4	65.6	7	80	13	46.3
April	39	24	37	49.0	21	42	37	40.1	46	50	4	71.8	38	58	4	69.5	8	80	12	46.6
March	54	21	25	59.6	27	40	33	43.9	46	50	4	67.4	44	51	5	67.7	13	74	13	47.7
February	39	28	33	50.0	28	39	33	41.3	43	49	8	65.2	46	48	6	68.0	9	74	17	45.0
January	42	24	34	53.4	27	37	36	43.0	38	56	6	67.4	46	49	5	68.8	4	77	19	41.5