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Super Bowl to Give Area Temporary Boost

DETROIT-Comerica Bank's monthly business activity index, released Wednesday, shows the Detroit area's steady decline. According to the bank's chief economist, the football showdown will help the area for a brief period, but fundamental point to a continued lag.

By Dana Dubriwny | Updated on January 05, 2006

DETROIT-The Detroit Area Business Activity Index (DABAI) fell one point in November to a level of 111 after falling one point in October. According to Comerica Bank, which compiles the index monthly, the 2005 index averaged 112. This is down 2.5% from 2004.

“The local economy has softened a bit over the past several months in reaction to elevated energy prices, higher short-term interest rates, and the ongoing consolidation of the auto industry,” says Dana Johnson, chief economist at Comerica Bank. “The Super Bowl should give us a boost this winter, but the fundamentals point to continued lagging performance in 2006.”

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