MIXED MESSAGES CONTINUE:
STRONG GROWTH;
CAUTIOUS OUTLOOK
77%
5.4%
The proportion of firms that are growing has rebounded from the slight dip seen in the first quarter.
Compared to 75% in 2Q'18
of middle market companies report increased revenue over the past 12 months
Next 12 months projection
8.5%
Growth over
the past 12 months
Growth remains stable at high levels
41%
4.8%
Employment growth has increased this quarter, and expectations for future growth are also on the rise.
Compared to 46% in 2Q'18
of middle market companies
expect employment growth over
the next 12 months
Next 12 months projection
6.4%
Growth over
the past 12 months
Hiring rates rebound
2Q'18 | 90%
2Q'18 | 75%
2Q'18 | 86%
Local Economy
89%
National Economy
82%
Global Economy
69%
Though national and local economic confidence levels remain stable, middle market leaders’ confidence in the global economy dropped well below peak levels.
Confidence remains below all-time highs
37%
Compared to 29%
in 2Q'18
Will save
Compared to this time last year, the number of middle market leaders who say they would save an extra dollar as opposed to investing it has jumped significantly.
Saving is on the rise
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.
Business climate perceptions deteriorate
2Q'18
100
3Q'18
79
2Q'19
69
4Q'18
74
3Q'18
79
4Q'18
74
1Q'19
75
4Q'18
74
75
1Q'19
