Milwaukee area business leaders express “tepid” optimism for Q2

Fewer predict gains than did a year ago

Economic indicators

Last updated on July 2nd, 2019 at 09:07 am

Fewer Milwaukee area business leaders are predicting second quarter sales gains than a year ago, according to the quarterly Business Outlook Survey conducted by the Metropolitan Milwaukee Association of Commerce.

Economic indicators

Sixty-five percent of businesses surveyed expect to see sales increases in the second quarter, 61 percent expect profit gains and 46 expect job gains, compared to a year ago.

A year ago, 76 percent of business leaders responding to the survey predicted second quarter sales gains.

“The levels of optimism expressed on the three business metric surveyed, sales, profit and employment, are tepid by historical standards,” said Bret Mayborne, MMAC’s economic research director. “Nonetheless, survey results suggest that business activity will remain on the upswing into the year’s second quarter and beyond.”

The Business Outlook Survey contains responses from 133 Milwaukee area firms, both large and small, employing more than 37,000.

Read more economic data reports on the BizTracker page.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years. A University of Wisconsin-Madison graduate, he is a lifelong resident of the state. He lives in Muskego with his wife, Seng, their son, Zach, and their dog, Hokey. He is an avid sports fan and is a member of the Muskego Athletic Association board of directors.

No posts to display