Small business sentiment is on the rise to kick off 2020, with confidence nearing all-time highs, according to the CNBC/SurveyMonkey Small Business Confidence Index. The survey reported a sharp turnaround from the lows seen last summer when trade turmoil weighed on Main Street’s outlook.
In the next 12 months, about one-fifth of small business owners expect a negative impact from changes in trade policy, while 26 percent expect a positive effect — more than half say the changes will have no impact. Of the small business owners that said either deal would impact their operations directly, most came from the retail sector.
Generally, business owners are feeling more positive about business, with 56 percent saying conditions are good and only 7 percent saying the opposite. Recession fears have also calmed down somewhat, with 49 percent of businesses saying a recession is likely in the next year, down from 53 percent this same quarter in 2019.
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