4Q 2019 Middle Market Revenue Growth Climbs to 7.5%

Throughout 2019, middle market leaders have been decidedly cautious. While most companies grew, the rates of both revenue and employment growth declined over the first three quarters of the year. Economic confidence, investment appetites, and both short- and long-term projections fell in tandem. The Q4 numbers, however, paint a different picture. All of these indicators reversed course—some more notably than others—to close out the year on a much more positive note. But, while the rebound is clearly evident, it is far from complete.

4Q 2019
Report

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Spotlight on Middle Market Growth

Middle Market Indicator (MMI) Spotlight: Middle Market Growth

The Center has isolated seven growth drivers—market expansion, formal growth strategy, innovating and investing, attracting and retaining talent, financial management, cost efficiencies, and staff development—and has weighted their impact on company growth. Also, in the 2Q 2019 MMI, we are able to isolate the effect of M&A on overall company growth. Putting those factors together, we can roughly gauge how changes in company investments will affect future growth.

Perspective

Perspectives From the Center

The middle market ended 2019 with a bounce back—partly back, at least—from the worrisome performance we reported in the third quarter. But is it back to business as usual? Does the middle market enter the new decade boldly or anxiously?

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