October 22, 2019
“The trade wars have spilled over into the middle market,” according to the third quarter RSM US Middle Market Business Index, presented by RSM US LLP in partnership with the U.S. Chamber of Commerce. According to the report, conducted every quarter since 2015, Q3 middle market revenues, net earnings, hiring and planned capital outlays all weakened year-over-year, while inventories, compensation and borrowing were stagnant.
Specifically, 40% of executives surveyed said tariffs on imported goods are having a negative impact on their business, and 26 percent said retaliatory tariffs placed on exported goods are damaging to their business.
America’s middle-market is defined as companies with annual revenues of $100 million to $3 billion.
Categorized in: Member Tools