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
Data

BLM 3Q 2019 economic forecast: Business Leaders convey mixed views of Michigan, U.S. economies

Oct 16, 2019

DETROIT — Michigan’s business leaders will focus on the state’s ability to weather a major recession and thrive in a knowledge economy when they meet at a major CEO summit in Detroit next month....

Read More
Viewpoints

10 reasons to attend the Michigan CEO Summit

Sep 11, 2019

Two keynote speakers: Ritch Allison of Domino’s & Craig Menear of Home Depot The greatest networking opportunity: attended by 400+ executives from corporations, nonprofits & associations...

Read More
Data

BLM 2Q 2019 economic forecast: Business leaders predict stable growth for Michigan, U.S.

Jul 31, 2019

Capital investment, job growth expected to remain stable over next 6–12 months but growing number see downturn ahead DETROIT— A majority of Michigan business leaders expect to continue or boost th...

Read More