MRA - Michigan Retail Index

Percentage of Michigan retailers reporting increase (% Rep. Inc.), no change (% No Ch.) or decrease (% Rep. Dec.) in activity from same month, previous year.

* 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.

Corrent Performance
3-Month Outlook
3-Month Outlook 1994-2007

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2007	% 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	30	14	54	38.5	28	32	35	55.3	45	43	8	66.6	38	51	6	61.7	6	68	15	40.2
November	42	13	44	48.1	38	36	21	60.8	39	55	3	69.8	47	44	5	68.6	9	78	9	48.9
October	44	16	39	52.0	37	34	23	51.2	43	43	8	66.6	38	49	7	60.1	12	70	8	46.9
September	35	16	47	46.5	32	30	33	44.6	28	53	10	55.0	29	54	9	55.8	11	66	16	45.0
August	42	20	36	52.4	31	40	24	46.8	29	59	6	59.5	24	62	8	54.7	12	77	7	50.5
July	46	13	32	55.3	27	28	32	41.9	28	56	8	56.3	28	54	7	55.9	12	62	15	42.9
June	45	23	32	52.1	31	43	23	51.3	31	60	5	61.9	28	63	6	60.4	14	73	10	49.9
May	47	19	32	54.1	27	39	30	46.5	37	52	6	64.4	35	50	10	61.8	11	74	8	46.6
April	35	13	47	39.7	27	39	24	43.2	32	52	8	56.8	37	49	8	60.4	9	67	12	41.7
March	43	15	38	49.0	30	44	20	47.1	28	55	8	52.7	35	51	6	60.8	11	66	16	43.0
February	36	18	40	46.9	33	34	23	52.0	26	57	10	53.5	24	59	6	53.8	9	67	12	43.6
January	36	22	37	50.4	25	31	32	45.7	32	50	8	56.3	32	47	10	57.0	9	62	17	40.5

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2006	% 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	39	14	47	48.0	30	34	36	58.6	41	51	8	64.7	37	52	11	62.7	9	75	16	47.4
November	41	16	43	50.4	34	33	33	63.4	36	48	16	62.2	31	57	12	58.8	9	77	14	48.8
October	36	16	48	44.2	36	36	28	50.2	35	55	10	64.0	40	54	6	64.2	15	75	10	52.5
September	39	17	44	50.6	30	40	30	45.6	35	58	7	63.4	29	65	6	60.3	9	79	12	49.9
August	31	13	56	37.3	27	38	35	41.2	39	54	7	68.6	29	65	6	60.9	7	82	11	47.4
July	32	13	55	38.8	25	46	29	47.4	39	55	6	67.9	26	69	5	63.5	7	82	11	47.4
June	40	19	41	44.1	33	36	31	51	33	61	6	64	24	69	7	56.9	8	81	11	47.6
May	39	19	42	47.4	35	42	23	55.5	36	57	7	64.9	26	67	7	60.3	9	82	9	48.2
April	39	14	47	42.4	33	38	29	48.3	40	54	6	65.4	24	67	9	56.2	8	82	10	47.5
March	36	16	48	42.0	28	45	27	45.7	32	61	7	60.1	28	68	4	62.7	9	84	7	50.5
February	36	19	45	47.5	29	33	38	45.3	42	54	4	68.6	30	63	7	61.6	6	86	8	50.7
January	43	15	42	54.3	24	37	39	47.4	38	57	5	64.9	29	64	7	63.6	6	86	8	49.0

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2005	% 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	39	12	49	47.7	20	34	46	47.0	36	58	6	64.0	34	56	10	62.6	10	79	11	51.1
November	35	17	48	45.8	33	34	33	62.9	36	56	8	65.1	32	58	10	59.5	10	80	10	52.5
October	40	13	47	48.4	34	36	30	50.0	37	59	4	67.9	29	65	6	56.8	7	84	9	49.4
September	32	12	56	39.6	34	35	31	46.1	31	63	6	62.1	30	65	5	60.3	7	78	15	47
August	38	14	48	46.6	33	37	30	44.6	34	59	7	67.1	31	65	4	64.3	9	78	13	47.2
July	35	18	47	43.1	30	35	35	46.7	32	59	9	62.1	27	65	8	62.0	11	76	13	48.5
June	45	12	43	47.1	34	34	32	53.3	40	52	8	67.3	36	57	7	63.8	11	78	11	49.4
May	39	15	46	45.9	42	34	24	58.1	34	58	8	62.1	30	60	10	61.4	10	79	11	47.7
April	41	11	48	41.6	37	31	32	48.8	40	53	7	64.5	37	56	7	65.1	7	83	10	47.1
March	38	16	46	44.1	37	36	27	49.3	40	56	4	65.9	29	63	8	60.7	9	80	11	47.6
February	35	13	52	40.8	32	31	37	46.2	36	56	8	63.9	27	66	7	60.2	4	84	12	46.6
January	34	15	51	44.4	26	30	44	44.9	33	61	6	61.9	21	69	10	58.0	7	85	8	49.8

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2004	% 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	37	15	48	48.3	29	29	42	55.4	26	65	9	57.1	42	53	5	70.2	5	79	16	45.9
November	40	15	45	48.9	34	31	35	63.1	32	62	6	65.0	35	63	2	65.2	3	90	7	51.1
October	42	15	43	52.9	40	32	28	54.2	21	72	7	58.7	32	63	5	58.3	9	81	10	49.0
September	37	13	49	45.0	37	32	30	47.9	30	62	7	61.5	30	61	8	59.3	10	77	12	49.0
August	40	15	45	48.4	43	32	25	51.9	25	68	7	61.1	26	68	6	60.5	9	85	6	50.8
July	42	13	45	44.6	36	34	30	55.7	32	56	11	61.1	30	64	6	60.7	8	84	8	49.0
June	44	15	41	51.7	31	41	28	51.5	33	64	3	64.4	28	69	3	64.1	12	82	6	51.3
May	35	16	49	39.2	40	37	23	55.0	28	66	6	59.6	30	66	4	63.7	13	79	8	51.7
April	52	13	35	56.7	41	37	22	53.6	31	64	5	61.7	27	69	4	61.6	15	75	10	51.2
March	52	14	34	59.9	35	34	31	49.6	27	69	4	60.7	28	68	4	61.6	10	80	10	51.1
February	41	20	39	53.1	30	33	37	50.7	25	69	6	58.2	26	67	7	61.3	4	85	11	46.5
January	39	17	44	49.9	23	31	46	48.9	29	66	5	60.5	26	68	6	63.0	8	82	10	50.3

	Sales				Inventory				Prices				Marketing/ Promotions				Hiring Plans
2003	% 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	45	13	42	51.3	26	29	45	50.8	24	67	9	58.5	32	63	5	61.9	6	83	11	50.8
November	38	15	47	47.2	41	28	31	53.9	22	72	6	59.8	39	56	5	62.2	8	85	7	51.9
October	41	19	40	53.7	39	38	23	52.7	24	72	4	60.6	33	62	5	62.3	8	87	5	53.2
September	42	18	40	53.1	39	38	23	51.3	13	84	3	56.9	30	65	5	63.0	9	83	8	49.4
August	40	16	44	44.3	36	33	31	52.5	21	72	7	57.6	19	75	6	57.7	7	84	9	47.9
July	50	11	39	54.3	28	38	34	49.1	20	70	10	55.5	20	74	6	56.2	7	85	8	48.4
June	37	13	50	42.6	32	38	30	50.6	20	72	8	54.5	26	67	7	61.4	13	78	9	50.9
May	43	12	45	45.8	35	34	31	48.8	20	76	4	56.7	26	69	5	60.8	13	76	11	50.4
April	36	14	50	43.0	33	41	26	47.9	24	69	7	57.6	28	66	6	61.8	10	76	14	46.2
March	34	11	55	39.2	33	30	37	45.6	21	70	9	55.0	29	66	5	61.9	6	79	15	45.4
February	27	12	61	34.3	26	34	40	45.7	27	64	9	57.9	24	67	9	59.9	6	81	13	46.6
January	29	12	59	35.6	21	34	45	47.1	28	63	12	58.5	26