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More optimism from middle market companies

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More optimism from middle market companies

Survey indicates high expectations for growth; moderate enthusiasm for economy as a whole.

A report issued today by Cleveland-based KeyBank indicates that middle market executives are increasingly optimistic about their own companies’ growth prospects in the coming year.

The findings further confirm the more upbeat attitude among middle market companies seen in several recent studies.

According to the survey, 60% of executives reported a “positive” outlook for their own companies, while only 14% rated their expectations as “negative.”  This compares to 50% and 15%, respectively, KeyBank’s April 2013 survey.

"I’m encouraged that the trend [towards increased optimism] in heading in the right direction.”

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However, respondents weren’t as enthusiastic about the prospects for the US economy as a whole.  Only 18% of executives had a “positive” outlook for the economy, compared to 41% taking a negative view.

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