Small business optimism at 8-year high as wages rise

Fortune

U.S. small business optimism jumped in December to its highest level in more than eight years, underscoring the economy’s strengthening fundamentals despite slowing global growth.

The National Federation of Independent Business said on Tuesday its Small Business Optimism Index increased 2.3 points to 100.4 last month, the highest reading since October 2006.

The index, which crossed the 100 mark for the first time in eight years, is now back at its prerecession average. It was bolstered by a surge in sales expectations as well as hiring, capital outlays and business expansion plans.
[fortune-brightcove videoid=3977920542001]

“This is probably why the gross domestic product numbers have been looking better because the small business sector has actually started to contribute to growth,” William Dunkelberg, NFIB chief economist, told Reuters.

The small business sector, which is estimated to account for about half of the country’s overall GDP, added to upbeat employment data in painting…

View original post 229 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s