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RSM unveils ‘first-of-its-kind’ Middle Market Business Index

The research offers businesses a set of ‘rigorous and bespoke’ insights across a range of key indicators including revenues, profits, capital expenditure, hiring levels and input and output costs.

RSM has launched the Middle Market Business Index (MMBI), the first economic index to focus “solely” on middle market businesses in the UK, developed in partnership with data specialists Moody’s Analytics and The Harris Poll.

According to the firm, the quarterly index presents unique insight into the health of the middle market – the engine room for growth in the UK – whilst drawing on credible forward-looking indicators to deliver predictive economic insight over a six-month period.

The latest data is the culmination of 15 months of “robust” primary research by the leading audit, tax and consulting firm. A quarterly survey of some 700 senior executives at middle market companies has helped gauge sentiment surrounding current and future business conditions.

RSM said the research offers businesses a set of “rigorous and bespoke” insights across a range of key indicators including revenues, profits, capital expenditure, hiring levels and input and output costs.

The latest MMBI findings demonstrated a fall from 139.6 in Q4 to 134.9 in Q1 as Omicron hit business optimism in the first quarter of the year. However, middle market businesses still remained optimistic. 

The data also shows that inflation and labour shortages began to ease at the start of the year. RSM added the MMBI is backed by supporting in-depth insight from the firm’s economist Thomas Pugh. 

Pugh said: “The MMBI presents an exciting first for the UK marketplace – an opportunity to measure the health of the UK’s middle market. This research marks a particularly important milestone because, despite this segment of the market accounting for about a third of the entire UK economy, it has never benefited from a specific benchmark to measure its health.”

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