Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy

middle market businesses and companies enjoying strong 2018

9/27/2018

0 Comments

 
Picture
The last three months, mark yet another quarter of record-high earnings for U.S businesses classified as being in the middle market, according to an index compiled by RSM International, a multinational network of accounting and auditing firms headquartered in London.
Middle market businesses are businesses earning anywhere from $10 million to $1 billion a year.
The index is compiled and published every quarter in conjunction with the U.S. Chamber of Commerce.
The most recent findings, notes Neil Bradley, executive vice-president of the Chamber, show “optimism and continued growth” in middle market companies.
And those companies, Bradley added in a statement, represent “more than one-third of U.S. jobs.”
With index responses above 100 representing optimism, and anything below that number classified as pessimism, the most recent total RSM Middle Market Index score works out to 134.4.
That number is in line with the 134.5 and 136.7 scored respectively in the first two quarters of this year, and is only the latest indication of a trend that has been overwhelmingly on the up side since the spring of 2015.
Such strong index showings, notes Joe Brusuelas, chief economist with RSM, “imply a sustained period of strong economic growth heading into the final three months of 2018 and next year.”
Some 62 percent of middle market executives participating in the index survey say their company’s revenues increased in the third quarter, a 5 percent jump over the previous quarter.

More important, 67 percent said they expect revenues to increase in the next six months.
Despite these good numbers, respondents are worried about the Trump Administration’s tariff policies and trying to figure out the best way to respond.
“Some 30 percent of businesses indicate they increased their inventory levels, while 40 percent state they expect to do so,” writes Brusuelas, adding: “Some middle market businesses could be caught off ground if the trade spats intensify or result in increasing production costs.”
As with the construction industry in general, the most recent RSM Index findings indicate that middle market companies are struggling to “attract qualified talent in this booming economy.”
Brusuelas adds that because of the labor shortage some middle market companies are “testing new strategies to make use of their existing employee base.”
Those companies are additionally increasing their investments in technology, and “taking advantage of automation.”

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy