Home // News // BLM 1Q 2019 economic forecast: Majority of MI Business Leaders optimistic about state, U.S. economic strength

BLM 1Q 2019 economic forecast: Majority of MI Business Leaders optimistic about state, U.S. economic strength

Capital investment, job growth expected to remain stable over next 6–12 months
BLM 1Q 2019 economic forecast: Majority of MI Business Leaders optimistic about state, U.S. economic strength
Wednesday, Apr 10, 2019
Download Press Release


DETROIT— Optimism remains strong among Michigan’s business community, with most leaders anticipating continuing growth during the remainder of 2019.

“Michigan’s business leaders remain bullish on their ability to grow jobs and investment, and are anticipating plenty of opportunities on the horizon,” said BLM president & CEO Doug Rothwell. “Any uncertainty expressed by the state’s senior executives are grounded in the unknowns surrounding international trade relations.”

PROJECTED MI INVESTMENT AMONG SURVEYED COMPANIES

NEXT 6–12 MONTHS

 

Regarding the overall economic outlook for the state and nation, a majority of the executives surveyed predict stability, though 25 percent see a downtown in Michigan as a possibility, due to the state’s higher exposure to international trade changes.

“Most respondents—80 percent—think the U.S. economic outlook is going to stay about the same during the next six to 12 months, while just over 67 percent believe Michigan also will remain stable,” Rothwell said.  “There are priorities that we must invest in while our state economy is still growing – namely, directing at least $2 billion dollars annually to fixing our severely ailing roads.”

PROJECTED U.S., MI ECONOMIC GROWTH

NEXT 6–12 MONTHS

 

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

About Business Leaders for Michigan:

Business Leaders for Michigan, the state’s business roundtable, is dedicated to making Michigan a “Top Ten” state for jobs, personal income and a healthy economy. The organization is composed exclusively of the chairpersons, chief executive officers, or most senior executives of Michigan’s largest companies and universities.  Our members drive nearly one-third of the state’s economy, provide 390,000 direct jobs in Michigan, generate over $1 trillion in annual revenue and serve nearly half of all Michigan public university students. Find out more at: www.businessleadersformichigan.com.

Recent News

News

One More Item On Our 2018 To-Do List

Dec 12, 2018

Leading What’s Next… As we come to the end of another calendar year, it’s great to reflect on all that has been accomplished. We’ve made new strides in connecting business with...

Read More
Data

BLM releases 2018 statewide economic benchmarking data

Nov 12, 2018

DETROIT, Mich.—Business Leaders for Michigan (BLM), the state’s business roundtable, released a major report on the state’s economic performance Monday, highlighting the impact of key policy and...

Read More
News

Continuing Michigan’s momentum into the summer

Jun 11, 2019

We predicted it would be a productive May for Michigan, and it truly was. Within the first 6 months of a “divided” state government in Lansing, our state policymakers worked together to solve one ...

Read More
News

Statement on auto no-fault insurance reform

May 24, 2019

Statement from Doug Rothwell, President & CEO of Business Leaders for Michigan: “Business Leaders for Michigan applauds Governor Gretchen Whitmer, Senate Majority Leader Mike Shirkey, and Speak...

Read More
Viewpoints

5 things to know this month

May 14, 2019

May is set to be a significant month in shaping public policies that affect all of Michigan: 1.  The House and Senate are both moving auto no-fault insurance reform bills aimed at reducing costs for...

Read More