3Q 2017 Middle Market Indicator
STRONG GROWTH,
Confidence
& OPTIMISM
58%
6.0%
Revenue growth has remained strong and is up from 6.3% one year ago
Compared to 50% in 3Q'16
of middle market companies project increased revenue in the next 12 months
Next 12 months projection
7.0%
Growth over
the past 12 months
Revenue Growth Continues
42%
4.7%
Employment growth remains well above the average of the past 5 years of 3.8%
Compared to 37% in 3Q'16
of middle market companies expect
to add jobs in the next 12 months
Next 12 months projection
6.4%
Growth over
the past 12 months
Hiring Remains Strong
3Q'16 | 80%
3Q'16 | 56%
3Q'16 | 71%
Local Economy
88%
National Economy
83%
Global Economy
74%
Confidence remains near peak levels for local and global economies. Confidence in the U.S. economy is down slightly from the first quarter of 2017
Confidence Remains High
70%
Compared to 64%
in 3Q'16
Will invest
Middle market companies consistently invest capital to add jobs, equipment, make acquisitions or train employees
Most Companies Plan To Invest
108
1Q'17
91
3Q'17
91
2Q'17
81
4Q'16
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 Index Holds Steady