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.

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags Edit ModuleShow Tags

Most Popular

  1. Hamtramck Business Introduces Detroiters to the Game of Fowling
    Nearly 15 years ago, Chris Hutt and his friends were tailgating at the Indianapolis 500 when they...
  2. GM Foundation Contributes $2.875M to Higher Education
  3. Ann Arbor Firm to Bring Bitcoin ATMs to Metro Detroit
    Ann Arbor-based Bitcoin Brands plans to open an ATM for buying Bitcoins in the metro Detroit area...
  4. Punch Bowl Social Opens in Detroit on Wednesday
    Punch Bowl Social — a bar and entertainment venue that spans two levels of a 24,000-square-foot...
  5. Careers in STEM Fields Expected to Increase in 2015
    Careers in the financial, IT, health care, and engineering sectors will be on the rise next year,...
  6. Sea Life Aquarium Plans January Opening at Great Lakes Crossing Outlets
    Sea Life Michigan Aquarium, a 35,000-square-foot attraction in Great Lakes Crossing Outlets in...