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Detroit EVI of 110 for March 2018 . The EVI measures the economy's change since the base period of January 2007 when the index is 100. For March 2018 Detroit EVI is higher by 0.3 percent from last month, and up 4.6 percent from one year ago. A low unemployment rate and rising home prices are powering the advance in Detroit EVI. The jobs and real wages components of EVI are growing slowly. Detroit EVI from one year ago is now advancing less than the 20 city average (4.6 percent vs 5.0 percent).

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About the EVI

The Economic Vitality Index (EVI) is made up of four components for each metropolitan area: The S&P/Case-Shiller home price index, the area unemployment rate (inverted), private job growth, and real wages (average weekly earnings growth minus the CPI). Each of these components are indexed to 100 starting in January 2007. The EVI is the average of the component indices. Increases (decreases) in the EVI represent higher (lower) economic conditions that directly impact households.

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