July 2020 Middle Market Monitor
In June, economic indicators improved, with a decrease in the unemployment rate and a continued upward trend in the public markets. The S&P 500 and Dow Jones Industrial Average posted gains of 2.0% and 1.0% respectively, steadily approaching levels from early March. The Consumer Price Index continued to decline in May while the Consumer Confidence Index rose significantly. M&A activity increased slightly from May to June but remained well below typical levels.