Home // Data // BLM 2Q 2017 Economic Forecast: Most Business Leaders Expect to Increase Capital Investment, Employment in Michigan During Next Six Months

BLM 2Q 2017 Economic Forecast: Most Business Leaders Expect to Increase Capital Investment, Employment in Michigan During Next Six Months

BLM 2Q 2017 Economic Forecast: Most Business Leaders Expect to Increase Capital Investment, Employment in Michigan During Next Six Months
Thursday, May 25, 2017
Download Press Release


DETROIT, May 25, 2017– The state’s largest businesses forecast they will add new jobs and investment in Michigan, according to the latest quarterly survey of Business Leaders for Michigan (BLM) members.

“Approximately 65 percent of Business Leaders for Michigan members surveyed forecast their companies will increase capital investment and employment in Michigan during the remainder of 2017,” said Doug Rothwell, BLM President & CEO. “These numbers bode well for Michigan’s ability to continue growing the overall economy well into 2018”

Highlights of the survey of Business Leaders for Michigan include:

  • Next six months: Most business leaders remain optimistic about the growth of the Michigan economy over the next six months (63 percent) but are less optimistic about the growth of the U.S. economy (29 percent).  The U.S. economic outlook changed largely from a growth to stable outlook from the last couple of surveys with 57 percent of respondents indicating their view that the U.S. economy will remain “about the same.”

 

  • Next 18 months:  Optimism about the Michigan economy over the long term exceeds expectations for the U.S. According to 66 percent of business leaders, Michigan’s economy will improve over the next 18 months. Only 32 percent of business leaders believe the U.S. economy will grow during the next 18 months. Again, most expect the U.S. economy to remain the same (50 percent) during that period.

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

 

 

 

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

2018 CEO Summit highlights statewide growth strategies

Nov 5, 2018

DETROIT — With election day approaching, top leaders from across Michigan came together in Detroit on Thursday, Nov. 1 to focus on tools for business growth, as well as a set of shared strategies fo...

Read More