Metropolitan Milwaukee Association of Commerce issued the following announcement on June 14.
Business activity indicators in metro Milwaukee shifted slightly downward in April, as 13 of 22 available indicators pointed upward for the month vs. year-ago levels, according to a monthly report by MMAC. April’s aggregate is down from the revised 14 improvements posted in March.
Highlights include the 13th consecutive month of growing employment, including an 11.8% year-over-year increase in the leisure & hospitality sector and a 2.4% increase in manufacturing. Downward trends include metro area existing home sales falling 3.9% in the metro area, while mortgages recorded in Milwaukee County fell 30.8%.
“To this point in the year, the number of positive indicators in the metro area have been fairly consistent and largely match those posted in 2021’s final four months,” said Bret Mayborne, MMAC’s economic research vice president. “Current results suggest continuing modest overall growth in the near term, yet persistently high consumer price inflation and tighter labor markets do give some pause for concern as 2022 moves forward.”
Original source can be found here.
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