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Detroit EVI of 111.2 for September 2019 . The EVI measures the economy's change since the base period of January 2007 when the index is 100.

For September 2019 Detroit EVI shows an increase of 0.1 percent from the previous month, and is down 0.4 percent from one year ago. Detroit EVI from one year ago is advancing less than the 20 city average (-0.4 percent v 2.2 percent). The metro Detroit economy has experienced a slowdown in economic growth in recent months, and the slowdown is accelerating.

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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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