Metropolitan Milwaukee Association of Commerce: July Economic Trends report for metro Milwaukee
MILWAUKEE – Business activity indicators in the metro area showed signs of economic slowdown in July, according to a monthly report by the Metropolitan Milwaukee Association of Commerce (MMAC), as 10 of 22 available July indicators improved from year-ago levels. July’s performance is down from the 13 upward pointing indicators posted in each of the three prior months. “For the first time since March 2021, the number of improved indicators in aggregate fell below the 50% mark,” said Bret Mayborne, MMAC’s economic research vice president. “While nonfarm jobs continue to post year-over-year gains and the metro area unemployment rate continues