Wednesday, May 13, 2015

Small Business Is Spending Again

Despite some hiccups in the larger economy, small business owners are growing increasingly positive about the future. The National Federation of Independent Business said on Tuesday that its Small Business Optimism Index rose 1.7 points in April, the index's largest gain since December.

Perhaps even more positive was the fact that these business are spending money.  Of the 1,500 firms surveyed, 60 percent reported capital outlays, a post-recession high. Of those making expenditures, 44 percent said they had bought new equipment, and 26 percent planned capital outlays in the next three to six months.

Nine of the 10 components in the NFIB index rose last month. The only one that didn't is a bit of a surprise, considering all the optimism: Sales showed the only decline.

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