Mid-Market Enterprises Are the Secret Ingredient for Economic Growth, HSBC Study
HSBC HOLDINGS (HSEA)
US:NYSE Investor Relations:
hsbc.com/investor-relations
Company Research
Source: Business Wire
**There are over 33,000 mid-market enterprises in the US, contributing $7.3tr in turnover and employing more than 20.7m people** **Business services and manufacturing dominating activity in mid-market space** **HSBC tapping into this growth potential with build out of a US mid-market expansion plan** NEW YORK--(BUSINESS WIRE)-- Mid-market enterprises (MMEs)1 in the US are a major contributor to US economic prosperity but have only just scratched the surface of growth potential, according to a newly released HSBC report. HSBC Commercial Banking, in conjunction with Oxford Economics, explored the views of 1,400 MME senior executives in 14 countries – including the US – in addition to in-depth economic analysis. The findings reveal that despite the heady uplift provided by US MMEs to economic growth, only a mere seven percent (7%) of their revenue comes from interna
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