News release

RSM US Middle Market Business Index Shows Economic Improvement Remained Slow in June

Jul 20, 2020
Jul 20, 2020
0 min. read

Kimberly Bartok, National Public Relations Leader, kim.bartok@rsmus.com, 212.372.1239
Andreia DeVries, National Public Relations Manager, andreia.devries@rsmus.com, 212.520.1266
for media use only 

RSM US LLP (RSM) – the nation’s leading provider of audit, tax and consulting services focused on the middle market – recently announced results of the June reading for its RSM US Middle Market Business Index (MMBI). Typically a quarterly index, the firm is releasing monthly installments of the MMBI for the duration of the COVID-19 pandemic. The report’s data revealed the MMBI composite score saw a modest increase from 106.1 in May to 108.9 in June, likely caused by the lifting of lockdowns across the country and release of pent up demand.

The middle market is slowly emerging from the pandemic shock, and this month’s results imply that if economic conditions remain favorable, firms are well positioned to step up economic activity over the next six months. While only 21% of survey respondents stated the economy has improved, 56% expect to see improvement over the next six months. Additionally, 54% expect improvements in both gross revenues and net earnings through the remainder of the year, which supports the 43% of executives who intend to increase capital expenditures over the same time period.


About RSM US LLP

RSM’s purpose is to deliver the power of being understood to our clients, colleagues and communities through world-class audit, tax and consulting services focused on middle market businesses. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today’s ever-changing business environment.

RSM US LLP is the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with 51,000 people across 123 countries. For more information, visit rsmus.com, like us on Facebook, follow us on Twitter and/or connect with us on LinkedIn.