RSM US Middle Market Business Index 

Middle Market Business Index eases along with economy

August 17, 2020

To better track the impact of COVID-19 on middle market business sentiment, RSM is measuring and reporting the MMBI monthly during the pandemic.  Find the monthly updates here:

MARCH (04.13.20)      APRIL (05.11.20)      MAY (06.16.20)      JUNE (07.17.20)      JULY (08.10.20)      AUGUST (09.11.20)      SEPTEMBER (10.13.20)

The RSM US Middle Market Business Index eased to 100.7 in July from 109.1 in June. This decline implies that midsize firms remain mired in recession as the pandemic has caused a series of pauses, pullbacks and shutdowns across major portions of the economy. A reading above 100 indicates that the middle market is generally expanding; below 100 suggests contraction.

Download the full report for more detail as well as additional commentary on the pandemic's impact on middle market business. Also, subscribe to receive quarterly updates by email. Below is a snapshot of the MMBI Q3 2020 top findings: 

Subscribe to the RSM US Middle Market Business Index 

About the RSM US Middle Market Business Index

RSM US LLP and The Harris Poll collect business outlook data from middle market firms via quarterly surveys of the Middle Market Leadership Council survey panel. The panel consists of 700 middle market executives and is designed to accurately reflect conditions in the middle market. A reading above 100 for the RSM US Middle Market Business Index (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. The MMBI was created in 2015 and is the original business index focused on the U.S. middle market.  

RSM US LLP and The Harris Poll 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.