According to the National Center for the Middle Market’s Middle Market Indicator, three quarters of middle market companies reported revenue increases over the past twelve months. Fourth quarter 2017 revenue growth for middle market companies was recorded at 7.6%, up from 6.9% at the end of 2016 and above the six-year average revenue growth rate of 6.7%. These companies optimistically estimate further growth in 2018 at 5.4%.
Elsewhere in the report, the National Center for the Middle Market notes that 52% of middle market companies expanded their workforce and that companies reported a 5.2% growth in employment in the fourth quarter, which compares to 6.4% in the last quarter of 2016.
In general, leaders in the middle market space are optimistic about the economic conditions in the US and abroad. Eighty-eight percent of those leaders polled were confident in their local economy, 86% were confident in the national economy, and 75% were confident in the global economy. In mid-2012, less than half of these leaders were confident in the US economy.
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