In this Friday, June 22, 2012, photo, Charles Mitchell,46, works on the T-5 XR assembly line at the NuStep plant in Ann Arbor, Mich. NuSteps exports some of its exercise machines to Europe and has seen a slowdown in European sales this year. (AP Photo/Detroit Free Press, William Archie) DETROIT NEWS OUT; NO SALES
ANN ARBOR, Mich. (AP) — As the U.S. economy makes a steady, if slow, recovery from the recession, Michigan businesses still face challenges from Europe’s struggling economies.
Michigan’s 20 largest companies received 22 percent of their revenues from Europe last year — a total of about $100 billion — according to the Detroit Free Press (http://on.freep.com/LWZ9ub ).
Uncertainty about the future strength of that demand is raising concerns for the state’s exporters.
The European financial crisis “is Login to read more