U.S. Outlook: Are small businesses joining the expansion?

Posted By Scott Anderson In Economic Outlook | No Comments

Two new data points suggest that small businesses are finally taking part in the economic expansion.

Graph showing rise in confidence of small business owners [1]Another bit of good news: Employees are quitting more.

For more on this and other economic developments to watch, see highlights of my weekly economic analysis below, followed by a link to the full U.S. Outlook report [2], delivered on Nov. 14.

Key observations:
  • The boost in optimism among small business owners bodes well for economy.
  • Spending, hiring, and sales outlooks are improving for small businesses.
  • The majority of banks expect to increase lending to small businesses over the next 12 months.
  • The improving labor market is bolstering consumer resilience.
  • The uptick in employees quitting is a sign that they are becoming more confident about finding better jobs elsewhere.

 

Click here to read my full report. [2]

 


Article printed from Bank of the West: https://changematters.bankofthewest.com

URL to article: https://changematters.bankofthewest.com/2014/11/14/u-s-outlook-small-businesses-joining-expansion/

URLs in this post:

[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2014/11/graph_smbiz_conf_111414.jpg

[2] full U.S. Outlook report: http://blog.bankofthewest.com/wp-content/uploads/2014/11/BankoftheWest_USOutlook_11_14_14.pdf

Submit an Idea

[contact-form-7 id="32" title="Share An Idea"]

You are leaving the Bank of the West Change Matters site. Please be aware: The website you are about to enter is not operated by Bank of the West. Bank of the West does not endorse the content of this website and makes no warranty as to the accuracy of content or functionality of this website. The privacy and security policies of the site may differ from those practiced by Bank of the West. To proceed to this website, click OK, or hit Cancel to remain on the Bank of the West Change Matters site.