Mid-market companies capped off a year of solid growth with a strong fourth quarter.
Seventy-three percent of firms reported positive revenue growth as compared with 2013, when just 59 percent saw positive growth, according to The Middle Market Indicator, a quarterly business performance and economic outlook survey by the National Center for the Middle Market.
Companies were also optimistic about the year to come, with nearly three-quarters expecting revenue increases in 2015, up 10 percent from Q3 2014. Improved prospects brought a corresponding bump in the number of companies planning to make capital expenditures, which rose significantly for the first time since the fourth quarter of 2012. In Q4 2014, more than two-thirds (68 percent) of mid-market leaders reported that they would invest in expansion during 2015. Specifically, 24 percent of firms plan to add a new plant or facility, half intend to introduce a new product or service and 43 percent hope to expand domestically.