DETROIT – A survey by Business Leaders for Michigan projects the state’s and the country’s economies will continue to grow during the next six to 18 months, but the state’s economy will continue to outperform the national one.
A statement said 54 percent of the 80 executives surveyed in the state believe the state’s economy will grow while only 34 percent forecast the U.S. economy will grow over the next six months. None believe the economy will get worse over the next six months.
The survey also found that 54 percent of business leaders project that their companies will add jobs in the next six months in the state and more than a half believe they will make capital investments in the state.
Long term, the survey found that optimism continues to be high for the state’s economy and it outpaces optimism for the national economy with 71 percent of business leaders believing the state’s economy will grow compared to only 46 percent of business leaders forecasting the U.S. economy will grow in the next 18 months.
“The good news from this survey is that Michigan’s largest employers continue to be much more optimistic about Michigan’s short- and long-term economic prospects than they were a couple of years ago,” Doug Rothwell, president of Business Leaders for Michigan, said in a statement. “Job providers continue to be bullish on the state’s economic prospects and are backing it up with increased hiring and investment. More than half of Business Leaders for Michigan companies are forecasting increased investment in Michigan over the next six months.”
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