The U.S. middle market manufacturing sector reported significant year-over-year growth in the latest Middle Market Indicator, released last week. The results marked the second consecutive quarter of solid revenue growth for middle market firms.
“The unabated growth through the second quarter, coupled with continued economic confidence, strongly suggests that the middle market has put the recessionary period firmly behind it,” the report declared.
Read the full 2Q 2014 Middle Market Indicator report, published by The National Center for the Middle Market, a collaboration between The Ohio State University Fisher College of Business and GE Capital.
Each quarter, the Center surveys 1,000 CEOs, CFO and other C-suite executives of U.S. middle market companies on key indicators of past and future performance in revenues, employment, and allocation of cash. It also reports middle market company confidence in the global, U.S., and local economies and identifies key business challenges.
The survey was designed to accurately reflect the nearly 200,000 U.S. businesses with revenues between $10 million and $1 billion, which the Center defines as middle market.
The Center provided IndustryWeek with the manufacturing sector results.
In the following video, Tom Stewart, Executive Director of the Center, shares the latest insights from the Q2 2014 Middle Market Indicator report: