United States

RSM US Middle Market Business Index Points to Increasing Risk

Index implies deteriorating growth late in the business cycle


The RSM US Middle Market Business Index is illustrating classic end-of-the-business-cycle dynamics and implies risk of a more pronounced slowdown in growth, fixed business investment and inventory restocking during the next six months. The topline index slowed from 119.8 to 115.6, indicating that overall economic growth for middle market firms slowed. In particular, larger firms in the middle market ($50 million to $1 billion) showed the largest deterioration in growth sentiment.

Download the full third quarter 2016 report

RSM US LLP and Nielsen have collected data on middle market firms from quarterly surveys that began in the first quarter of 2015. The survey is conducted four times a year, in the first month of each quarter: January, April, July and October. The survey panel, the Middle Market Leadership Council, consists of 700 middle market executives, and is designed to accurately reflect conditions in the middle market. The data for each quarter are weighted to ensure that they correspond to the U.S. Census Bureau data on the basis of industry representation.

A reading above 100 for the MMBI indicates that the middle market is generally expanding; below 100 indicates that it is generally contracting. The distance from 100 is indicative of the strength of the expansion or contraction.

Read more about how the index is constructed

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Events / Webcasts


RSM New Jersey Year-end Summit

  • December 13, 2016


The economic impact of Brexit and the presidential election

  • September 28, 2016


Economic outlook and reception

  • June 14, 2016


The Wall Street Journal's 2016 Middle Market Summit

  • May 23, 2016