Record Number of Small Business Say Now Is a Good Time to Expand

JD Tue, 02/13/2018 - 10:26

Small business optimism is booming.

Optimism among small businesses in the U.S. rose by more than expected, with a record number of small business owners saying now is a good time to expand, according to the National Federal of Independent Business survey released Tuesday.

The overall index rose by two points to 106.9, higher than the 105.3 forecast by economists. That brings it close to the all-time record high of 107.5 set in November. Thirty-two percent of respondents say now is a good time to expand, exceeding the highest levels ever measured in the survey that began in 1973.

“Main street is roaring,” said NFIB President Juanita Duggan. “Small business owners are not only reporting better profits, but they’re also ready to grow and expand.”

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