Ohio’s middle-market companies report a 4.9 percent revenue growth during the second quarter of 2014 when compared to growth of the second quarter in 2013, according to results of the National Center for the Middle Market’s (NCMM) 2Q2014 Middle Market Indicator released this week. A slight decline is projected for the next 12 months with revenue growth of 4.3 percent.
In other results, the survey found that Ohio middle-market companies have less confidence in the local, national and global economies than the national middle-market average.
However, Ohio companies say they are prepared for growth through capital investment with 69 percent saying they will invest in the next 12 months.
The jobs picture
Employment growth among Ohio’s middle-market companies is expected to slow. Companies reported a 2.6 employment growth during the second quarter of 2014 dipping to 1 percent growth forecasted for the next 12 months.
Ohio’s middle market is composed of about 5,400 companies generating more than $220 billion in annual revenues. Middle-market companies are those with annual revenues between $10 million and $100 million.
Click to read more about what Ohio middle-market companies are saying.
Click to read or download the 2Q2014 Middle Market Indicator report.
The Middle Market Indicator, a quarterly survey of 1,000 C-suite executives. is produced by the NCMM, a strategic partner of the Greater Cleveland Partnership’s Middle-Market Initiative.