Middle-market companies saw employment increase by 5.7 percent in the second quarter of 2017, the second-highest growth rate recorded in the Q2 2017 Middle Market Indicator put out by the National Center for the Middle Market.
The organization uses "middle market" as a classification for companies that have between $10 million and $1 billion in annual revenue.
Some 65 percent of company leaders reported improvements in business performance over the past year, remaining above the historical average for the report of 61 percent. The year-over-year revenue growth rate for middle market organizations was reported as 6.7 percent, with growth for the coming year forecast at 5.5 percent.
"The U.S. middle market had an exuberant Q1 and has settled back to normal in Q2," said NCMM Executive Director Thomas Stewart in a press release. "It's important to note how remarkable 'normal' is because most companies would kill for an average revenue growth rate of 6.7 percent. Tying in impressive employment growth and confidence levels, the middle market has continued to gain ground during the MMI's five-year history."
A separate middle-market survey by ACG New York found that nearly half of respondents believe that M&A activity in the sector will pick up in the second half of 2017, according to ABL Advisor.