Small business confidence remains high, Main Street sees more good times ahead: CNBC survey via CNBCMakeIt
Small business confidence ticked up and remains at a high level, according to the latest CNBC|SurveyMonkey Small Business Survey for the second quarter. The CNBC|Survey Monkey Small Business Confidence Index reading of 59 indicates that small business owners are optimistic about the direction of their business over the next 12 months.
The largest businesses are particularly optimistic, with 77% describing business conditions as good and only 1% saying conditions are bad. The waning benefits from the 2017 tax cuts and competition for workers are likely factors weighing on the business outlook. He said the labor market is an inevitable by-product of the strong economy. "This is the nature of a strong economy — when you are at full employment, this is what happens."
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