3Q Middle Market Indicator Reports 8.6% Revenue Growth

For the third quarter of 2018, the annualized rate of revenue growth of middle market companies has surged back to 8.6% from 7.4% in Q2. The average employment growth rate has tapered slightly to 6.4% since last quarter's 6.7%, but remains above the historical average of 4.2%. Confidence in the local, national, and global economies has returned to high rates at 93%, 88%, and 80%, respectively, hovering near all-time records.