Middle market companies – those with annual revenues of $10 million to $1 billion – represent 197,000 U.S. businesses and one-third of the private sector GDP, and employ approximately 43 million people. As part of an ongoing quarterly study for The National Center for the Middle Market (a partnership between GE Capital and The Ohio State University Fisher College of Business), RTi surveys 1,000 CEOs, CFOs, and other C-suite executives of America’s middle market companies to accurately reflect on key indicators of economic health.
Throughout 2014, the Middle Market Indicator found that “middle market companies experienced unabated, solid growth relative to last year.”
Encouraged by renewed revenue growth, especially in the last 6 months, middle market leaders are increasingly more likely to anticipate continued revenue growth and increased employment over the ensuing 12 months.
During 2014, Middle Market management confidence in the future U.S. and local economies has grown stronger. At the same time, a softening in their confidence in the global economy is clearly evident.
As we approach the beginning of the 2016 presidential election cycle, business leaders believe the President and Congress should focus their efforts on tax code reform and domestic infrastructure. Energy, technology and workforce skills are also seen as important issues.
What’s your company experiencing? What might these trends suggest for your business? As market researchers with current insights into both C-suite management and consumers in CPG, financial and healthcare sectors, we can help to uncover the opportunities.