4Q 2013 Middle Market Indicator

The fourth quarter of 2013 showed continued revenue and employment growth in the U.S. middle market, although at a slower pace that could continue throughout 2014. Manufacturing and construction sectors of the middle market finished strong in 2013, compared to retailers and healthcare providers who reported slower growth in the fourth quarter and projected slower growth moving froward. Confidence has improved in the global economy and leveled off for both the U.S. and local outlook. In terms of hiring, a majority of middle market leaders say they are holding back and instead putting capital to work because of lack of clarity surrounding federal regulations.