Good News for Small Businesses

Good news for small businesses. Optimism in this sector has been on the rise, peaking in May. The National Federation of Independent Business said on Tuesday that is Small Business Optimism Index increased 2.3 points to 94.4 last month. This is the highest that it’s been since May of last year.

As NFIB said, “Expectations about the future course of the economy clearly improved over the past few months, but not to levels seen in a ‘recovery’ or even in periods of solid growth.”

40% of the index’s rise was due to share of owners expecting better business conditions for the next six month. This level increased 10 points. There were also those who expect a rise in their inflation-adjustment sales and those who think this is a good time to expand their operations and to increase inventories.