Desite the explosion of big data throughout Corporate America, middle market executives are judging the state of the economy based on personal experience and observation more than economic indicators. Approximately 3 in 5 executives say the best way to judge the U.S. economy is through observing the economic stability of their community, friends, and coworkers. Less than half (41%) say government data is a better way to judge the economy. These are some of the key findings found in the 4th annual CIT Voice of the Middle Market™ study.
This year's study examines the perspectives of U.S. middle market executives on the U.S. economy, the health of their companies, and the availability of financing. It also measured factors affecting executives' economic outlooks as well as their opinions on technology, government policies, and the upcoming 2016 presidential election. Below are elements of the Voice of the Middle Market study.
79% have had at least one positive economic experience or know someone who has had one.
71% believe their company is strong and
57% say their company is doing better than last year.
Middle market companies account for one-third of private sector GDP and employ 25% of the total labor force.
While less visible than both small and large caps and vastly undersupported, middle-market companies are a signi