Accelerating shift in consumer spending from goods to services indicates sustained strong activity in the middle market, though sentiment around business conditions is divided
The RSM US Middle Market Business Index (MMBI), presented in partnership with the U.S. Chamber of Commerce, increased to 130.6 in the second quarter of this year from 126.3 in the previous quarter. Business conditions in the middle market remained robust, bolstered by solid demand and strong productivity-enhancing business investment, despite underlying inflationary pressures.
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