Following a year of fluctuations, revenue growth appears to be stabilizing at a strong but sustainable level. Nearly seven in 10 middle market firms report year-over-year increases in revenue with a mean total revenue growth rate of 6.3% for Q1 2016, up slightly since the end of last year.
Employment growth rates remain consistent
Around four in 10 firms across all middle market revenue segments continue to say employment has increased over the past 12 months. Just over one-third (34%) of businesses expect to add to the payroll in the year ahead.
Confidence rebounds across the board
For Q1 2016, confidence returned to the higher levels seen in mid 2015. A majority of companies are confident in the global state of affairs, while almost three-quarters have a positive perspective of the national situation, and more than eight in 10 report confidence in their economies closest to home.
Most firms will invest
The proportion of firms planning to invest appears stable at 63%. Plans for expansion, however, remain relatively muted with about a third of firms planning to introduce a new product or service or expand into new domestic markets over the next 12 months.
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