Wells Fargo Commercial Banking Announces Collaboration with the National Center for the Middle Market
Middle market companies – generally defined as companies with annual revenues between $10 million and $1 billion – account for roughly one-third of total employment and GDP in the U.S. and generate more than $10 trillion in annual revenue.
On July 30, the NCMM released its 2025 Mid-Year Middle Market Indicator report. Key findings from the report include:
Revenue growth rates for middle market companies remain strong but are weaker than at any time since the pandemic.
Firms indicate a reduced need for hiring new workers, but workforce reductions are not yet evident.
Confidence in the U.S. economy is significantly lower than it was in December, largely due to increased uncertainty.
Inflation, economic uncertainty, and the impact of trade policy are the key challenges leaders face.