Small Business Finance News

NABE Survey Says Economic Recovery Is On The Way

Written by Jenna Weiner
Published: 1/26/2010

The results of the National Association for Business Economics survey reveal a positive outlook for the coming months.

It may be good news for small business owners and for unemployed Americans that entrepreneurs are predicted to have the means to increase spending and hiring in the first half of 2010.

Entrepreneur Business News

The results of the latest from the National Association for Business Economics suggest the profits and job losses have been steadily improving.

According to the survey, profit margins expanded for the second straight quarter. Additionally, small business owners say they will make decisions based on expectations of positive economic growth in 2010.

Respondents predicted that job losses will continue to abate. The survey shows that the number of firms cutting payrolls at the end of 2009 dropped to 28 percent from 31 percent in October. The percentage of firms adding jobs increased to 13 percent - and many respondents are hopeful about adding more jobs soon.

The percentage of firms rebuilding their inventories in anticipation of stronger sales for 2010 increased to 19 percent at the end of last year; this is one percent higher than results from the October survey.

"NABE's January 2010 Industry Survey provides new evidence that the U.S. recovery from the Great Recession continues," said William Strauss of the Federal Reserve Bank of Chicago.

Small businesses may provide a fair share of this recovery; according to the Small Business administration, SMBs have contributed 64 percent of net new jobs over the past 15 years.

Share this article

 


About Our Breaking Entrepreneurial News

Our small business news site is packed with the latest news for small business startups and entrepreneurs. Find helpful entrepreneur resources about small business management, financing, marketing & technology.


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary