Year-over-year revenue growth fluctuated in 2016, but companies ended the year reporting a growth rate of 6.9%, an increase from last quarter and slightly above the five-year average rate of 6.5%.
Employment growth peaks
More than four in 10 companies (44%) say employment increased in 2016, while just 12% report a decrease in headcount.
Measured just weeks after the 2016 U.S. presidential election, confidence levels in the global, national, and local economies is at the highest levels recorded by the MMI.
Investment plans remain unchanged
While the majority of middle market businesses say they would an invest extra dollar of revenue, the percentage continues to hover around two-thirds, inching up from 61% at the end of 2015 to 65% for Q4 2016.
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