Michigan Retailers’ July Sales See Rise Over June
100-point Index marker reaches highest point since February 2024
LANSING, Mich. – Michigan Retailers Association today reports that July 2024 sales rose over June, landing at 47.5 on the 100-point Retail Index.
Numerator: Private Label Trends
Over the past year, private label products have constituted nearly 23% of unit sales across ten key product sectors. The general merchandise categories – including office supplies, home and garden items,
Michigan Retail Index 6-Month Snapshot
The 100-point Index provides a snapshot of the state’s overall retail industry. Index values above 50 generally indicate positive activity, the higher the number, the stronger the activity. The seasonally adjusted performance Index is conducted by Michigan Retailers Association (MRA) in cooperation with the Federal Reserve Bank of Chicago’s Detroit branch.
