Discover Small Business Watch (SM): Small Business Economic Confidence Remains Steady
Energy Prices Put Minimal Pressure on Profits
February as rising optimism about their own business fortunes was offset by an increase in cash flow issues, according to surveys conducted for this month’s Discover® Small Business Watch (SM). At 113.4, the confidence measure was down less than a point from January’s 114.3 mark. “Small business owners are often the first to feel the effects of changes in the larger economy, so we believe they are an important barometer to track,” said Sastry Rachakonda, director of Discover’s small business credit card. “Based on our Watch numbers, economic confidence appears to be steady. However, cash flow is something to keep an eye on when it comes to small business indicators.”
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