Small business owners’ attitudes about the U.S. economy in February improved for the first time since July 2007, according to the Discover Small Business Watch. The monthly index rose in February to 90.9, a 4.6-point increase over January’s 86.3 with noticeable changes in how small business owners view the overall economy and the conditions for their own businesses.
“Small business owners are seeing some of the larger efforts being made to improve the economy, such as the Fed interest rate cuts and slowing down of downward momentum, so they appear to be less apprehensive,” said Sastry Rachakonda, director of Discover’s business credit card. “Not only are they more positive about their perceived notions of the economy, but they indicated this month more willingness to start investing again in their businesses.”
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