- The document summarizes revenue, hiring, and investment trends among middle market companies based on a survey. - It finds that 64% of middle market companies report revenue growth over the past 12 months, exceeding S&P 500 growth. Additionally, 49% expect to add jobs over the next 12 months. - Middle market companies consistently invest capital to add jobs, equipment, and make acquisitions or train employees despite cautious outlooks. They have strong confidence in the U.S. and local economies. - The middle market is defined as companies with annual revenue between $10 million and $1 billion, which accounts for 1/3 of U.S. jobs and nearly 33% of private sector GDP.

1. Revenue
H
iring
Investm
ent
Confidence
3Q 2015
Revenue Outpaces Decline in
S&P 500 Growth
of middle market
companies project
positive revenue
growth.
of middle market
companies expect
to add jobs.49%
36%
3Q’15
3Q’15
3Q’14 3Q’14
Past 12 Months
S&P 500
Small
Bus.
Large
Bus.
Next 12 MonthsNext 12 Months
7.2%
4.1%
Middle Market Growth over
the Past 12 Months
64% 47%
2.4%4.7%* 1.7%
Global Economy
49%
National Economy
72%
Local Economy
81%
||||||||||||||||||| VS. 1 YEAR AGO |||||||||||||||||||
3Q’14 53% 3Q’14 67% 3Q’14 74%
3Q’14 61%
63%
WILL INVEST
Employment Growth Rate
Remains Consistent
4.1%
3.2%
Middle Market Growth over
the Past 12 Months
M I D D L E
M A R K E T
I N D I C AT O R
Steady Growth
Cautious Outlook
Middle market
companies consistently
invest capital to add
jobs, equipment,
make acquisitions or
train employees.
Strong U.S. & Local Confidence Continues Capital Investment Plans
Remain Strong
3Q’15
3Q’15
*3Q numbers include only companies
who have reported 3Q earnings results.
Numbers change as more businesses
report financial results.

2. Nearly
200,000
Businesses†
Meet The Mighty Middle Market
U.S. Middle Market Defined
Middle Market Growth by Industry
A deeper look at growth in the middle market by industry.
Annual Revenue
$
10 MM-$
1 B
1/3of All U.S. Jobs*
Nearly
33%of Private
Sector GDP†
More Than
$10
TRILLION
in Annual
Revenue
Nearly
48
MILLION
Total Jobs
in 2014
Representing
3%of All
U.S. Companies†
5TH
LARGEST
Global
Economy ‡$ $ $ $
Source: Dun & Bradstreet
Past 12 Months Next 12 MonthsPast 12 Months Next 12 Months
10.1%
5.2%
4.0%
9.8%
8.4%
8.8%
6.8%
6.9%
5.4%
3.3%
2.4%
5.4%
3.5%
4.7%
4.6%
4.0%
5.4%
3.9%
2.7%
4.0%
5.4%
5.4%
3.9%
4.0%
3.5%
2.1%
0.9%
6.2%
3.1%
2.4%
3.3%
3.5%
Employment GrowthRevenue Growth
Services
Manufacturing
Wholesale Trade
Retail Trade
Construction
Financial Services
Healthcare
Other
For more information, visit cbh.com/THInc
and middlemarketcenter.org