Middle market companies express increased pessimism about global and U.S. prospects and a rising propensity to hold cash due to headwinds. Companies are holding more cash, and feel most challenged by the cost of healthcare, the uncertainty around government actions, and the impact these factors will have on their business. The latest revenue performance and projection figures indicate a slowing of revenue growth into next year for most industries. Middle market companies are hiring and intend to grow net jobs.

2Q 2012