Michigan Retailers Expect Growing Sales In 2015

(WLNS) – There’s another indicator that Michigan’s economy is pulling out of the doldrums. According to the Michigan Retail Index seventy-nine percent of Michigan retail businesses expect to grow their sales this year, with the increases averaging 2.4 percent.

That’s a significant jump from last year’s projections. Fifty-eight percent of the retailers surveyed last year estimated sales growth of 1.4 percent. At the end of the year 57 percent of the retailers reported actual gains averaging one percent.

“Retailers are upbeat about this year,” said James P. Hallan, MRA president and CEO. “They expect stronger sales because they see the state’s economy continuing to improve and add jobs.”

Looking forward, 67 percent of retailers expect sales during February–April to increase over the same period last year, while 6 percent project a decrease and 27 percent no change. That puts the seasonally adjusted outlook index at 76.2, up from 68.0 in December. A year ago January the outlook index stood at 58.5.

We welcome thoughts and comments from our viewers. We ask that everyone keep their remarks civil and respectful. Postings that contain profanity, racist, or potentially libelous remarks will be deleted. We will delete any commercial postings, as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s