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Chase: Middle market optimism continues to grow

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Chase:  Middle market optimism continues to grow

New survey shows encouraging signs.

Thanks largely to an improving economy, leaders of middle market U.S. businesses project increased sales and profits for the coming year, according to a recent survey by Chase.

54 percent of middle market executives owners say they are optimistic about the nation’s economic prospects for the year ahead. That is 17% higher than last year’s survey.

Optimism about their local economy reached record levels for middle market companies, with 63% percent expressing a positive view. 

Business leaders are expecting this good news to directly impact their bottom line. Nearly three-quarters (73%) of middle market companies expect to increase sales in 2014—and more than half of the respondents plan to boost profits as well.

“It’s encouraging to see that, despite some perceived challenges, respondents expressed confidence in the future of their companies and increased optimism about the national, global and local economy,” said Doug Petno, CEO of Chase Commercial Banking. 

For the full report, click here.

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