Entrex Private Company Index reflects strong growth in mid market sector
Chicago, IL – July 2009 July Entrex Private Company Index data shows a positive growth revenue trend in the mid market sector. The PCI performance increased steadily this month over last with the index rising 13.6% over the previous month. In contrast, this recent measurement period for major capital markets shows flat to minimal growth. Analysts noted a slight 1.29% increase in the S&P Small Cap 600 and a moderate 3% increase in Nasdaq Composite indices while the Dow is shows a slight drop of -.27%
While mainstream media highlighted a drop in consumer confidence in the market, the PCI data reflects that private sector companies are already seeing a rebound. Analysts are anxiously waiting to see if the data next month will continue to support an economic recovery.
Extrex CEO, Stephen H. Watkins, the company that sponsors the index, notes that "many private companies have been doing well even in these recessionary times and it appears that they will continue to thrive as the market gains strength."
As the current market begins to recover the private companies are seeing a quicker and stronger turn around. The PCI is a powerful indicator of the role private companies play in the health of US markets, which means that data indicating growth in the mid-market sector bodes well for those invested in that segment of the American economy.
About Private Company Index (PCI):
Sponsored and administered by Entrex, Inc. (www.entrex.net) the PCI is a proprietary benchmarking tool used to measure overall performance growth, and decline, in the private sector. It is recognized as the most authoritative source on sector performance by practitioners in the financial markets. www.privatecompanyindex.com
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