United States

RSM US Middle Market Business Index posts another new all-time high

Middle market fires on all cylinders in strong economy


The proprietary RSM US Middle Market Business Index (MMBI) posted an all-time high of 136.7 in the first quarter of 2018, lifted by strong economic fundamentals, the arrival of substantial tax cuts and robust expectations for hiring and compensation. Even so, market enthusiasm was tempered by evidence of emerging pricing pressures, such as impending U.S. tariffs on foreign steel.  

Download the full first quarter 2018 report

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

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