Middle Market Business Index Improves, Reflects Resilient American Economy

RSM Survey shows middle market firms continue to adapt, improvise and overcome challenges posed by interest rate hikes and inflation

The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP in partnership with the U.S. Chamber of Commerce, increased to 134 in the first quarter, up 9.4 points from the previous quarter. Easing inflation and solid household consumption underscored the increase in topline sentiment that is reflective of a resilient American economic expansion in the middle market as firms continue to navigate economic headwinds and crosscurrents.

"The ability of the middle market to withstand the twin shocks of surging inflation and rising interest rates reflects an underlying resilience of households and firms to adapt to the unique challenges that characterize the post-pandemic economy," said Joe Brusuelas, chief economist with RSM US LLP. "The economy expanded at a 3% pace during the final six months of last year, and the robust consumer activity in January indicates that the current economic expansion is not finished."