NFIB Survey Finds Business Optimism Is Up
Written by Ken Gaebler
It is the second month in a row that the index has risen, giving hope that the economy is turning around.
Although the economy has hurt many entrepreneurs in this country, figures from one group show some good news for small business owners on the horizon.
According to the National Federation of Independent Businesses, small business owner optimism rose for the second month in a row and now stands at 88.9. May's 2.1 point rise was already on top of the 5.8 point increase in April, showing that small businesses feel the economy is on the right track.
William Dunkelberg, chief economist for the NFIB, says that one of the biggest issues for small businesses owners over recent months was the potential of sales going forward. But the group anticipates that consumer sales will rise in the near future.
"The biggest concern on the minds of owners is the weakness in spending which has now started to turn up as consumers become less concerned with proclamations of pending disaster for the economy - it's not going to happen," he said.
This falls in line with a recent survey from Nielsen Global which found that consumer confidence is on the rise across the globe.
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