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
Current Performance
Current Performance 1994-2007

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2007	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*
December	36	23	36	55.5	22	30	41	42.3	45	38	9	65.9	33	51	9	63.7	5	70	15	44.5
November	37	23	39	56.0	19	33	43	45.4	42	47	6	66.2	36	44	13	63.9	3	75	14	44.1
October	48	24	27	65.0	25	36	33	51.0	42	46	6	64.4	45	41	10	67.1	10	72	10	46.6
September	52	17	27	62.2	31	31	31	51.8	29	53	8	56.9	41	41	9	59.7	10	63	16	41.6
August	54	24	18	65.2	38	32	22	52.5	32	53	7	59.2	44	44	7	62.9	15	70	9	49.8
July	49	20	20	59.6	31	32	25	45.3	38	47	4	62.3	38	45	7	59.9	13	59	12	43.9
June	50	25	22	60.9	31	37	29	46.8	32	57	7	61.7	37	54	6	63.7	12	73	9	48.0
May	46	30	22	59.1	28	41	27	48.9	36	54	5	65.6	45	47	3	70.9	5	81	7	46.2
April	38	29	27	49.8	22	37	33	38.0	30	51	10	55.3	29	57	4	59.6	11	66	9	42.5
March	49	26	20	57.1	23	42	28	39.3	23	57	9	48.9	34	44	8	55.2	15	62	13	44.0
February	47	28	19	57.7	29	42	20	44.7	32	54	6	57.0	37	49	4	59.3	12	71	8	46.3
January	45	27	22	56.8	29	35	25	42.1	29	55	6	55.7	41	42	6	60.0	15	61	11	43.7

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2006	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*
December	43	27	30	62.2	24	44	32	49.9	37	54	9	65.2	39	48	13	67.6	9	78	13	51.9
November	41	25	34	62.4	16	37	47	42.0	39	50	11	64.7	30	51	19	60.3	10	69	21	47.4
October	48	27	25	69.3	27	32	41	59.7	35	58	7	63.4	44	51	5	73.3	13	74	13	50.8
September	50	24	26	63.4	26	37	37	50.7	29	66	5	63.3	37	58	5	63.4	10	81	9	50.3
August	46	26	28	57.0	32	39	29	50.6	33	59	8	62.7	40	54	6	63	11	80	9	50.8
July	46	30	24	60.2	33	39	28	51.4	33	60	7	63.2	36	58	6	63.9	9	80	11	49.7
June	53	26	21	64	26	42	32	41.7	31	63	6	63.2	35	60	5	64.0	7	84	9	48.4
May	50	28	22	61.5	29	41	30	49.7	32	62	6	65.5	33	61	6	64.7	9	82	9	50.7
April	54	28	18	64.0	33	41	26	50.1	34	61	5	64.2	33	59	8	63.2	11	80	9	49.9
March	57	26	17	63.2	36	40	24	48.8	34	63	3	61.8	45	52	3	69.6	14	79	7	51.7
February	64	24	12	72.0	43	37	20	55.4	39	57	4	68.2	46	47	7	66.8	10	84	6	50.4
January	51	29	19	62.6	35	40	25	47.9	35	59	6	63.9	40	59	1	67.3	9	87	4	50.6

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2005	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*
December	40	31	29	60.9	20	42	38	43.4	32	60	8	62.5	29	64	7	65.0	6	80	14	48.6
November	45	29	26	73.9	24	39	37	52.8	34	56	10	62.2	30	60	10	65.6	4	86	10	49.9
October	56	23	21	78.7	28	36	36	65.5	35	60	5	64.4	43	54	3	73.9	7	85	8	50.9
September	51	23	26	64.5	31	37	32	59.1	32	60	8	62.7	44	51	5	66.9	9	79	12	49.5
August	56	21	23	64.8	38	37	25	56.7	37	57	6	67.0	47	47	6	67.2	10	80	10	50.4
July	56	24	20	66.0	35	33	32	50.3	32	62	6	62.9	37	59	4	64.8	8	81	11	48.5
June	57	27	16	67.7	34	36	30	46.3	36	58	6	65.6	42	50	8	68.0	9	85	6	50.3
May	59	28	13	69.4	32	41	27	52.8	27	67	6	62.5	35	60	5	65.4	11	82	7	52.4
April	56	32	12	67.1	33	41	26	49.9	37	59	4	66.9	41	53	6	68.8	13	77	10	51.8
March	67	21	12	69.9	40	36	24	50.6	42	57	1	66.8	38	59	3	66.3	8	84	8	47.1
February	62	27	11	70.2	39	36	25	50.6	39	60	1	68.9	45	49	6	66.9	13	80	7	51.1
January	60	27	13	69.1	32	40	28	44.6	32	61	7	61.6	32	63	5	62.3	9	87	4	50.0

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2004	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*
December	37	39	24	62.0	25	40	35	46.0	31	58	11	59.9	33	57	10	62.7	8	79	13	48.8
November	51	22	27	80.4	22	32	46	46.7	37	59	4	66.5	28	67	5	67.9	5	87	8	51.8
October	60	23	17	88.2	27	33	40	63.3	34	61	5	64.1	45	51	4	75.4	11	82	7	55.6
September	61	22	16	74.5	33	32	34	60.4	32	62	5	64.0	49	43	7	68.0	16	74	9	55.5
August	64	21	15	73.1	42	31	27	59.7	28	67	5	62.7	46	51	3	68.4	13	80	7	52.8
July	61	23	16	68.8	40	42	18	53.8	31	64	5	64.6	42	56	2	71.8	16	79	5	54.6
June	59	29	12	69	32	47	21	55.2	27	70	3	62.9	34	62	4	65.4	9	86	5	52.9
May	63	25	12	69.2	36	41	23	52.5	28	67	5	60.7	33	63	4	66.1	16	79	5	55.5
April	68	22	10	72.3	39	40	21	51.6	35	63	2	64.4	38	59	3	66.3	13	79	7	49.0
March	66	21	13	70.2	39	40	21	52.8	25	70	5	58.7	37	60	3	63.9	13	81	6	50.5
February	70	19	11	74.1	48	35	17	57.3	29	68	3	62.4	41	57	2	68.7	15	81	4	52.7
January	56	26	18	75.7	33	37	30	49.1	24	71	5	59.2	30	64	6	62.1	6	89	5	51.8

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2003	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*
December	48	30	22	81.1	26	46	28	59.9	23	71	6	58.6	29	68	3	69.2	7	85	8	52.7
November	54	24	22	81.4	20	36	44	54.6	29	65	6	61.7	32	60	8	66.7	5	87	8	52.0
October	64	19	17	74.8	24	37	39	50.8	22	73	5	59.2	38	60	2	64.7	11	84	5	55.3
September	67	19	14	74.3	28	39	33	47.7	24	72	4	62.1	43	55	2	67.9	12	83	5	54.1
August	64	22	14	71.4	35	35	30	48.4	23	72	5	61.0	40	55	5	64.2	9	87	4	50.6
July	63	22	15	71.4	39	37	24	51.4	17	77	6	56.4	29	67	4	63.2	9	85	6	50.9
June	61	22	17	68.1	27	41	32	46.1	15	78	7	53.7	35	61	4	65.5	11	82	7	52.9
May	62	24	14	69.0	36	35	29	51.1	20	75	5	56.6	34	62	4	67.1	12	80	8	52.6
April	62	23	15	68.9	34	44	22	51.3	22	73	5	57.8	37	58	5	63.8	13	80	7	49.1
March	53	29	18	61.0	34	33	33	45.4	19	75	6	54.2	44	52	4	67.5	11	80	9	47.7
February	52	26	22	61.2	35	37	28	46.2	22	73	5	58.5	42	53	5	68.3	12	79	9	49.4
January	44	24	32	60.5	31	38	31	49.3	28	65	7	59.5	38	57	5	67.5	8	80	12	49.6

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2002	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*	% Proj. Inc.	% Proj. No Ch.	% Proj. Dec.	Index*
December	32	32	36	61.2	21	37	42	47.3	26	64	10	58.1	28	62	10	64.7	4	84	12	49.8
November	44	27	29	69.3	16	37	47	49.4	22	70	8	57.0	31	63	6	70.0	5	87	8	52.3
October	52	24	24	62.9	22	37	41	46.2	21	71	8	58.0	41	54	5	64.8	6	84	10	50.0
September	57	20	23	63.5	29	37	34	47.1	19	74	7	56.8	41	54	5	64.8	8	83	9	48.0
August	62	21	17	68.7	33	37	30	45.8	17	75	8	55.3	40	55	5	63.6	11	81	8	49.5
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