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U.S. Middle Market Sees Double-Digit Growth as AI Fuels Shift Toward Productivity
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CPA Practice Advisor
America’s middle market continues to perform strongly despite ongoing economic uncertainty, with companies sustaining double-digit revenue growth while becoming more restrained in hiring, according to the latest Middle Market Indicator (MMI) from the National Center for the Middle Market (NCMM).
The report shows year-over-year revenue growth remained strong at 11% even as employment growth moderated to 7.2%, its lowest post-pandemic level.
“Even amid concerns about inflation and rising costs, middle market companies continue to demonstrate remarkable resilience,” said Doug Farren, executive director of NCMM.
Nine out of ten middle market companies now report using AI, with many describing their capabilities as established or advanced.
The survey also reports middle market company confidence in the global, U.S., and local economies and identifies key business challenge areas.