The National Federation of Independent Business reports in their most recent survey that small business optimism rose 2.1 points in May after a gain in April as well. Gains were posted in several areas in the survey that small business owners took, such as improved sales and increased capital outlays. The overall results of the survey are very positive, but small business owners do have some concerns. To view some of the concerns expressed in the survey and more details, please click here.
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It seems clear that we're currently in a bottoming phase in the retail business right now, and that we're likely to see an upturn, though modest, by September or October. This report is another that seems to confirm that while things are still difficult, the general expectation (and psychology) is that things will begin to improve before long.
Posted by: Ted Hurlbut | June 12, 2009 at 09:02 AM