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Minnesota Business Firms Expect Unchanged Conditions for 2019

19 Jul 2018


Firms point to stability in the state’s overall economy

ST. PAUL – Minnesota business services firms feel positive about the economy, with nearly 90 percent expecting sales revenue to increase or remain stable next year, according to a joint survey released today by the Minnesota Department of Employment and Economic Development (DEED) and the Federal Reserve Bank of Minneapolis.

Business services firms are less optimistic, however, that productivity and employment levels will grow or remain stable in 2019. Sixty-eight percent expect their supply of workers to remain stable. That’s down from 77 percent last year. Only 7 percent of respondents anticipate labor availability to grow next year.

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City of Elk River Economic Development
13065 Orono Parkway | Elk River, MN  55330
phone 763.635.1000