Business Confidence is back, alright.
Jennifer Dauble and Stephanie Hirlemann 23, 5-4-2023, Small business confidence rises slightly despite continued inflation concerns and negative views of the economy: CNB, https://www.cnbc.com/2023/05/04/small-business-confidence-rises-slightly-despite-continued-inflation-concerns-and-negative-views-of-the-economy-cnbcsurveymonkey.html, KPR
Overall, the Small Business Confidence Index, a number based on responses to eight questions in the survey, rose slightly to a score of 46 in Q2 2023, one point higher than last quarter and four points higher than the all-time low of 42. Forty percent of small business owners now say current conditions for their business are good, up from 34% last quarter, and almost half (46%) expect their business’s revenue to increase in the next 12 months, up from 43% in Q1. Even though current conditions are viewed as more positive, overall views of the economy are dim with only 3% rating the current state of the economy as excellent, and many more considering it to be fair (34%) or poor (44%).