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Deloitte: Mid-market executives' confidence in the economy high; hiring and capital investments stabilize

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Deloitte: Mid-market executives' confidence in the economy high; hiring and capital investments stabilize

Combating employee attrition and increasing technology investments are key priorities.

Despite remaining confident in growth prospects for the U.S. economy, mid-market executives are moderating investments in hiring and capital expenditures and focusing instead on initiatives that are likely to drive productivity and increase engagement, according to a new report from professional services firm Deloitte.

 "After accelerating investments six months ago, mid-market executives are now making deliberate tactical shifts in order to best prepare for growth," said Roger Nanney, vice chairman, Deloitte LLP, and national managing partner of Deloitte Growth Enterprise Services. "These adjustments are in part predicated on new market pressures including a stronger labor market that is creating fresh opportunities for workers and raising the stakes for employers."

"This apparent pause in capital investments should not be considered a sign of deceleration in the mid-market."

Confidence in the U.S. economy remains high, mid-market revenue growth expected  
Over the last six months, the number of executives who expect the U.S. economy to grow between 2 and 3.5% has jumped several points to 39% from 35%. In line with Fall 2014 expectations, more than one third (36%) of mid-market executives expect the U.S. economy to grow in excess of 3.5%.

Further, the majority of mid-market executives (68%) expect their revenue to grow more than 5% while a quarter anticipate a significant jump of more than 25% in the next 12 months. Interestingly, a significantly higher number of companies versus a year ago (70% vs. 59% in Spring 2014) report generating more of their revenues from overseas.

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