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BLM 1Q 2017 Economic Forecast : Optimism Still High Among Business Leaders About MI & U.S. Economies

BLM 1Q 2017 Economic Forecast : Optimism Still High Among Business Leaders About MI & U.S. Economies
Wednesday, Mar 15, 2017
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DETROIT, March 15, 2017 – Michigan business leaders continue to be optimistic about future growth prospects of the state and national economies, according to the latest quarterly survey of Business Leaders for Michigan (BLM) members.

“The state’s top executives believe the economy will continue to grow and add jobs during the next six to 18 months,” said Doug Rothwell, BLM President & CEO. “There was a marked improvement immediately after the national election and that has continued during the first few months of the new Administration.”

Highlights of the survey of Business Leaders for Michigan include:

  • Next six months: Most business leaders believe the Michigan and U. S. economies will be better over the next six months (63 percent and 73 percent, respectively). This continues to be significantly higher than surveys conducted the past couple of years.

 Michigan 6-month economic outlook

  • Next 18 months: With continued optimism, 71 percent of business leaders believe the U.S. economy will improve over the next 18 months. Also, almost two-thirds (60 percent) of the respondents believe the Michigan economy will be better during the next 18 months.

Michigan 18-month economic outlook

The survey also found more than half (56 percent) of business leaders project their companies will add jobs and about 38 percent plan to make capital investments in Michigan over the next six months.

Quarterly Economic Outlook Reports are available at: https://businessleadersformichigan.com/category/data/surveys/.

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