The Q1 2015 Middle Market Indicator survey represents the 13th consecutive query into the state and health of the U.S. middle market. Following a year of consistently accelerating revenue and employment growth for middle market firms, growth appears to be stabilizing in the first quarter of 2015. While revenue growth remains strong, employment growth has tapered off slightly. Looking forward, projections for future revenue growth and employment growth have become more conservative across all middle market revenue segments and most industries. Although global economic confidence remains muted, confidence in the local and U.S. economies continues to be strong.

1Q 2015