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Middle-Market Knowledge Center

U.S. middle market ends 2016 on strong note;
Ohio results even better

The U.S. middle market ended 2016 on a strong note with year-over-year revenue growth rates above the five-year average and employment growth rates at an all-time high since the inception of the National Center for the Middle Market’s quarterly Indicator report five years ago.

Ohio’s year-end middle-market results were even better, as reported in the NCMM’s 4Q Middle-Market Indicator (MMI) report.

Ohio’s middle-market revenue growth over past 12 months was 7.1 percent compared to the national 12-month growth rate of 6.9 percent. In addition, Ohio middle-market’s employment growth for the past 12 months was 9 percent while the national employment growth rate for the same time period was 5.4 percent.

Ohio middle-market executives who participated in the survey also are more confident in their local economies when compared to their peers nationwide with 89 percent expressing confidence compared to 86 percent nationally.

That optimism also carries over to the national and global economies. For the national economy, 87 percent of Ohio respondents expressed confidence compared to 81 percent nationally. Likewise, for the global economy, the confidence rate was 74 percent (Ohio) and 65 percent (nationwide).

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  • Highlights from the 2016 Greater Cleveland Middle-Market Forum

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