Middle-Market Knowledge Center
Ohio's middle market forecasting strong revenue,
Ohio’s middle-market companies are continuing to forecast a higher rate of revenue growth over the next 12 months than their counterparts across the U.S.
The 2Q 2017 Ohio Middle Market Indicator, released this week by the National Center for the Middle Market, also found that Ohio companies are expecting stronger employment growth through the first three months of 2018 than the nationwide average.
The middle-market revenue growth predictions are 11.8 percent in Ohio, almost twice that of survey respondents (5.3 percent) from around the country.
There is less discrepancy in employment growth predictions where Ohio companies are expecting a 5.2 percent increase while the national average rate of growth is projected at 4.7 percent.
Confidence and concerns
Fewer Ohio respondents expressed confidence in the national economy than the national average (66 percent compared to 84 percent).
Yet, they are more confident than the U.S. average in the global economy (82 percent compared to 70 percent) and their local economies (89 percent and 87 percent).
Concerns by middle-market executives continue to focus on talent: “Finding enough of the right people to support growth is becoming more and more of a challenge.”
Other “headwinds to growth" include government regulations, changing market conditions, and increasing costs.
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Highlights from the 2017 Greater Cleveland Middle-Market Forum
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