2013 report on America’s economic engine
Companies of all sizes have concerns about government budget issues, health care costs, high tax rates,and the current economic environment. But what are the implications for mid-market companies? For the third consecutive year, Deloitte surveyed U.S. mid-market executives to find out. We asked about their companies’ performance, challenges,and expectations. Responses indicate that despite continued economic uncertainty, they are poised for growth.
During the past year, mid-market companies have taken steps to grow their revenue, boost productivity,and fine-tune their competitive positions. And while their responses indicate they are generally optimistic about their own business prospects, executives are deeply concerned with the macroeconomic impact of policy decisions and debates in Washington.
Download the 2013 report on America's Economic Engine
2013 Report highlights
- Survey respondents believe government budget challenges (69 percent), rising health care costs (60 percent),and high tax rates (53 percent) are the greatest obstacles to U.S. economic growth. The importance of these three obstacles increased over last year.
- The majority (57 percent) of respondents anticipate that over the next year the economy will grow less than two percent or not at all, while 40 percent expect moderate or robust growth in 2013.
- Growth is expected primarily from organic growth in domestic markets (32 percent), the development of new products and services (16 percent),and increased productivity (14 percent).
- Forty-four percent of survey respondents reported their revenues were higher during the past 12 months and 46 percent expect higher revenues over the next 12 months.
About the 2013 survey
A total of 525 senior executives from mid-market companies, representing 22 industry sectors and 46 states, provided their insights for this year’s survey.
Bloomberg interview: America’s economic engine
View the video.