Home // Data // 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

BLM 1Q 2017 Economic Forecast : Optimism Still High Among Business Leaders About MI & U.S. Economies
Wednesday, Mar 15, 2017
Download Press Release


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/.

Recent News

News

Historic alliance of diverse organizations comes together to improve Michigan’s K-12 education outcomes; focus on student needs, future

Jun 20, 2018

A strong, thriving public education system is the cornerstone for helping Michigan’s children succeed in school, careers and life as well as building robust communities and an economy that works for...

Read More
Data

2Q 2018 Economic Forecast: Federal Tax Reform Will Continue to Advance U.S. Economy

May 23, 2018

Michigan’s business leaders continue to forecast stronger growth for both the U.S. and state economies specifically citing the continuing effects of federal tax reform, according to the latest quart...

Read More
News

BLM Releases Report and Principles on K–12 Education in Michigan

Mar 20, 2018

BLM issued its review of best practices in K–12 education and a set of principles that can lead to better student performance, with the goal of making Michigan one of the nation’s top 10 states fo...

Read More