Second Quarter Business Outlook Survey
Published April 29, 2024
Second quarter MMAC business outlook survey |
Second quarter MMAC business outlook survey | |
File Size: | 206 kb |
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MILWAUKEE – Weakness was expressed by Milwaukee- area businesses toward second-quarter economic growth, according to a Business Outlook Survey conducted by the Metropolitan Milwaukee Association of Commerce (MMAC). Forty-four percent of businesses surveyed see sales increases in 2024’s second quarter, 43% see profit gains and 48% expect job gains vs. year-ago levels.
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Expectations For 2024's Second Quarter:
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“Businesses surveyed expressed concern about continuing economic growth in future months and that concern was reflected with less than half of those surveyed seeing second-quarter growth among the three major metrics – sales, profits and employment. On the positive side, manufacturers expressed a higher level of optimism on average, particularly on jobs, giving hope than manufacturing numbers may be turning the corner from weak first-quarter results.”
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