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 1994-2009
Current Performance
Current Performance 1994-2009