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Michigan economic activity slows in January

DALLAS (WKZO) -- Michigan's economy is slowing down to start 2014. Comerica Bank's monthly Michigan Economic Activity Index noted a slight decline in January compared to December.

Comerica Chief Economist Robert Dye notes it's the third straight month of a decline, and blamed the brutally cold weather in January for the hit on the economy. He expects improvement in the coming months due to housing prices firming up around the state and an anticipated uptick in auto sales.