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.
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.
Michigan Retailers’ June Sales Down from May
Michigan Retailers Association today reports that June 2024 sales dropped from May, landing at 43.3 on the 100-point Retail Index. The May 2024 Retail Index came in at 47.4.
The 100-point Index provides a snapshot of the state’s overall retail industry.
