Growth Remains Strong AS Cautions Mount
74%
5.4%
The average rate of growth accelerated to 8.7%,
the second highest rate recorded by the MMI.
Compared to 77% in 1Q'18
of middle market companies report increased revenue over the past 12 months
Next 12 months projection
8.7%
Growth over
the past 12 months
Growth Resurges
51%
3.4%
Current rates of employment growth are on par with last quarter, but expectations for future growth have continued to decline.
Compared to 55% in 1Q'18
of middle market companies
report employment growth over
the past 12 months
Next 12 months projection
5.6%
Growth over
the past 12 months
Hiring Stabilizes at a Slower Rate
1Q'18 | 94%
1Q'18 | 82%
1Q'18 | 87%
Local Economy
88%
National Economy
80%
Global Economy
70%
Although confidence levels in the local, national, and global economies are trending down, middle market leaders remain most confident in their local economies.
Confidence Continues to Slip
65%
Compared to 70%
in 1Q'18
Will invest
For the first time in more than three years, there is a significant increase in the proportion of middle market leaders stating they would save an extra dollar as opposed to investing.
More Companies Will Save
Short Term Index is calculated by taking expected net positive change
in business climate plus expected net positive change in demand plus expected net positive change in sales of the next three months.
Short-Term Performance Expectations Stabilize at Lower Level
2Q'18
100
3Q'18
79
1Q'19
75
4Q'18
74
2Q'18
100
3Q'18
79
4Q'18
74
1Q'19
75