Survey: Minnesota firms optimistic about economy

A survey of Minnesota firms offering professional business services firms finds optimism about the economy, and expectations that revenue and profits will grow.

The Minnesota Department of Employment and Economic Development (DEED) and the Federal Reserve Bank of Minneapolis released the survey.

Forty-nine percent of survey respondents expect an increase in both employment and consumer spending.

The 241 survey respondents provide services in the legal, public relations, engineering and accounting fields.

"Minnesota's service firms directly benefit from a growing economy and as a result are strong indicators of business conditions and trends," said DEED Commissioner Katie Clark Sieben. "With 82 percent of surveyed business service firms expecting steady or increased growth in the near future, we know business confidence is on the rise."

The survey also found 52 percent of business services respondents expect increases in revenue. That's up from 46 percent in 2013.

The survey has a sampling error of +/-6.3 percent.

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