Key Insights
After spiking to 9.2% last quarter, the year-over-year revenue growth rate in the middle market has settled back to 6.7%. At 5.5%, the projected growth rate for the next 12
months remains healthy and is half a point above the anticipated growth rates reported one year ago.
Employment growth remains strong
At 5.7%, the employment growth rate is the second-highest rate of employment growth reported by the MMI, well above the five-and-a-half year average of 3.7%.
Confidence remains historically high
Although economic confidence levels have dipped slightly from record levels reported last quarter, confidence in local, state, and global economies remains well above their five-and-a-half year averages.
Most companies would invest extra cash
This quarter, close to seven out of 10 (67%) middle market leaders say they would invest an extra dollar as opposed to save it. While this percentage typically hovers right around two-thirds, it is up from 61% at the end of 2015.
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