In 2017 Q1, the US Middle Market * continues its momentum from 2016, “with all measures at their highest levels since the inception of the Middle Market Indicator (MMI) in 2011.”
Revenue growth swells and hiring is on the rise. Confidence is strong and more companies are planning to spend.
Some Key Indicators:
- Revenue Growth: 9.2% over the past 12 months (higher than any prior quarter in MMI’s history) and beating the S&P 500 (at 5.8%); up in all industries except wholesale trade
- Hiring: 51% of middle market businesses are adding employees and only one in 10 is decreasing
- Economic Confidence: 90% (a new high), with national confidence levels higher than local levels for the first time in MMI history
- Investment: 64% of companies plan to make additional investments, which is relatively consistent since 2013
*The National Center for the Middle Market defines the U.S. middle market as companies with annual revenue between $10 million and $1 billion.