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. $140,000 Raised for Belle Isle Improvement Projects

  2. Zehnder’s and Bavarian Inn Tops in U.S. with Number of Guests Served Last Year
    Zehnder’s of Frankenmuth and the Bavarian Inn, both popular restaurants among Michiganders,...
  3. MyLocker.net Moves Headquarters to Detroit’s Corktown, Adds 70 Jobs
    MyLocker.net, an e-commerce website offering custom apparel for middle and high school teams, has...
  4. Exclusive: Princeton Enterprises Acquires Detroit's Oslo Building, Grows to 1,000 Apartments
    Working with Japanese and other Far East investors, Princeton Enterprises in Bloomfield Hills has...
  5. Which Wich Plans More Michigan Locations, Including Downtown Detroit
    Riding the wave of investment in downtown Detroit, Which Wich Superior Sandwiches, a national...
  6. Load One Looks to Build World HQ, Invest $10M in Wayne County
    Load One, a distribution and logistics firm based in Taylor, is looking to invest more than $10...