Business Leaders Optimistic for Michigan's 2Q Economic Outlook



Published:

DETROIT — A survey of Business Leaders for Michigan, the state’s business roundtable, shows that the state’s largest employers are more optimistic about Michigan’s short and long-term economic outlook than for the nation.

“Michigan’s largest job providers are bullish on the state’s economic prospects and backing it up with increased hiring and investment,” said Doug Rothwell, President & CEO.  “Business leader optimism about the state’s long-term economy is at a three year high and nearly a third of the largest job providers are planning increased hiring and investment in the next six months.”

Highlights of the survey of Business Leaders for Michigan include:

Business leaders continue to feel positive about the U.S. and Michigan economy in a near-term outlook, reversing a trend of increasing pessimism that began at the start of last year.  However, Michigan business leaders are nearly twice as optimistic about Michigan’s economy over the next 6 months. 
   
Business leaders are optimistic about the long-term economy for the U.S. (74%), yet more continue to forecast a bright outlook for Michigan (83%).

Additionally, 72% of BLM members expect their sales to increase over the next 6 months and 98% expect their sector of the economy to do the same or better over the next 6 months.

The results reflect a survey of Business Leaders for Michigan’s 80 executives, the state’s largest private sector job providers that represent nearly one-quarter of the state’s economy.

Quarterly Economic Outlook Reports are available at businessleadersformichigan.com/research-and-reports.

Most Popular

  1. Public Artist Livens Up Detroit’s Madison Building with Giant Mural
    After nearly three weeks of sometimes 12-hour days, artist Alex Brewer — known professionally...
  2. Dine Drink Detroit Returns With Expanded Restaurant Line-Up
  3. 8 Degrees Plato Beer, Frida Clothing Store Set Sights on Midtown
    Midtown Detroit Inc. today announced several new additions to its neighborhood, including the 8...
  4. Dan Gilbert Blasts Potential Wayne County Jail Project Reboot
    After officials accessed the potential for restarting construction of the Wayne County Jail...
  5. Avalon Breads to Expand with Dry Goods Store in Detroit’s Belt Line
    A new Avalon International Breads dry goods store is set to open in Detroit’s Belt Line this...
  6. Blog: Flint — The Transformation to Hero Town USA From Crime Town USA
    When I think of Hero Town USA, I think of a city like Gotham from the Marvel comic books. That...