RSM Middle Market Business Index Surges to 138.5
Business conditions in the American real economy imply no recession in the third quarter as the middle market remains on a path for growth, even as the market grapples with elevated inflation.
Despite elevated inflation and two consecutive declines in quarterly GDP in the first half of 2022, business conditions in the middle market remain solid. This is reflected in the Q3 2022 RSM US Middle Market Business Index (MMBI), which showed topline sentiment increased to 138.5 in the third quarter – up 7.3 points from the previous quarter.
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