Economy

Economy
9:54 am
Fri November 21, 2014

UM forecasts growing economy

ANN ARBOR, MI (AP)--   Economists at the University of Michigan say the U.S. economy will grow by more than 3 percent next year. 

The annual forecast released Thursday in Ann Arbor says economic growth as measured by gross domestic product will rise from 2.2 percent this year to 3.1 percent in 2015 and 3.3 percent in 2016. They say next year's growth would be the highest in a decade.

University of Michigan economist Daniil Manaenkov says in a statement that "going forward, strong GDP growth supports steady employment gains."

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Economy
9:46 am
Mon November 17, 2014

Snyder trips to China helping MI's economy, officials say

In this Sept. 11, 2013 file photo, Governor Rick Snyder talks to reporters in Shanghai, China.
Credit Melissa Anders / The Grand Rapids Press

LANSING, MI (AP)--   Governor Rick Snyder's upcoming trip to China to coax companies to expand in

Michigan won't be cheap, but economic development officials say the money is well spent and producing results. 

The governor's last investment mission to Asia cost $251,000 and a concurrent trade trip totaled $173,000. Expenses included flights, lodging, other travel, meals, gifts and receptions.

Nearly $219,000 of the bill for Snyder's trip was covered with money Michigan receives from American Indian casinos' gambling profits.

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Economy
8:56 am
Mon November 17, 2014

Gasoline prices unchanged

DEARBORN, MI (AP)--   AAA Michigan says gasoline prices have held steady from last week for a statewide average of about $3 per gallon. 

The auto club said Sunday that's about 28 cents less than this time last year. The statewide average for self-serve unleaded gas has increased about 3 cents during the previous two weeks.

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Economy
9:45 am
Mon November 10, 2014

Gas prices up slightly

DEARBORN, MI (AP)--   AAA Michigan says gasoline prices have increased about 3 cents a gallon in the last week. 

The auto club says the average price per gallon of self-serve regular unleaded gasoline was $3 on Sunday. That's about 22 cents less than it was one year ago.

Dearborn-based AAA Michigan surveys fuel costs at 2,800 Michigan gas stations daily. It says the cheapest average price was $2.96 a gallon in the Detroit area. The most expensive price was about $3.04 a gallon in the Jackson area.

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Economy
9:15 am
Mon October 27, 2014

Gas prices continue their descent

DEARBORN, MI (AP)--   AAA Michigan says gasoline prices have dropped about 2 cents a gallon in the last week. 

The auto club says the average price per gallon of self-serve regular unleaded gasoline was $3.10 on Sunday. That's about 22 cents less than it was one year ago.

Dearborn-based AAA Michigan surveys fuel costs at 2,800 Michigan gas stations daily. It says the cheapest average price was $3.06 a gallon in the Detroit area. The most expensive price was about $3.19 a gallon in the Marquette area.

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