RSM US MMBI

Q2 2022 Middle Market Business Index

The index improves despite pricing pressures

Business conditions in the American real economy remained robust in the second quarter, bolstered by solid demand and strong productivity-enhancing business investment that sent the RSM US Middle Market Business Index to 130.6. The gain, up from 126.3 in the first quarter, came despite underlying inflationary pressures that have slightly soured sentiment on the economy.

Despite the risks to the economic outlook linked to inflation, supply chain disruptions and the energy price shock, we expect gross domestic product to expand by 2% for the year, a deceleration from last year’s 5.7% growth.

Additional findings

Encouraging aspects of the second-quarter data included the following from middle market executives:

notepad

58%

said they expect gross revenues to improve during the next six months, and 56% expect net earnings to do the same

notepad

42%

said they increased capital expenditures

notepad

51%

expect to do so during the next six months


However, lingering supply chain issues and difficulties in finding labor have resulted in mounting pricing pressures that are creating concerns.

78%

indicated they paid higher prices for inputs

74%

expect to do so in the six months ahead

The report also included findings on middle market supply chain concerns. 

For more on this topic, preview our special report and subscribe to receive the full report.

Subscribe to the MMBI

Receive the quarterly MMBI report and notices about special reports by email

More special reports based on our proprietary MMBI research

ABOUT THE RSM US MIDDLE MARKET BUSINESS INDEX

In partnership with the U.S. Chamber of Commerce, we've collected data on middle market firms since 2015 through quarterly surveys conducted by The Harris Poll. 

The RSM US Middle Market Business Index provides a leading measure on the performance of businesses that make up the heart and soul of our country's economy.

The Real Economy

Monthly economic report

A monthly economic report for middle market business leaders.

Industry outlooks

Industry-specific quarterly insights for the middle market.