Middle-market companies—those with annual revenues between $10 million and $100 million—grew revenue over the past 12 months at 6.6 percent, nearly twice as fast as the S&P 500 at 3.4 percent, according to the National Center for the Middle Market’s
2Q2014 Middle Market Indicator (MMI). These results are fueled by this segment’s strongest performers, manufacturing and health care, two sectors that are prominent contributors to the Northeast Ohio economy.
Among manufacturers, 72 percent of mid-sized companies reported an average year-over-year growth rate of 7.3 percent. In health care, 68 percent of respondents an increase in revenues a jump of 16 points.
Looking ahead, four middle-market industry sectors are particularly optimistic about their prospects over the next 12 months, with three out of four saying they will growth revenue well above the national average: construction (8.1 percent), services (8 percent), manufacturing (7.2 percent), and financial services (6.7 percent).
Click to read more in the 2Q2014 MMI.
The Middle Market Indicator, a quarterly survey of 1,000 C-suite executives. is produced by the National Center for the Middle Market (NCMM), a strategic partner of the Greater Cleveland Partnership’s Middle-Market Initiative. The NCMM is a collaboration between The Ohio State University Fisher College of Business and GE Capital.