March 2022 Middle Market Monitor
Economic indicators were mixed in February as the U.S. economy embraces easing of COVID restrictions, adjusts to inflationary pressures, and, following Russia’s attack on Ukraine on February 24th, reacts to quickly changing global situations. The Consumer Price Index increased, and the Consumer Confidence Index declined slightly, while the unemployment rate fell over the month. The public markets saw a loss with the S&P 500 declining 3.1% in February. Total middle market M&A activity, along with cross-border transactions and leveraged buyouts, decreased on a month-over-month basis.