Small business owners halted a steady decline in their economic confidence in May as the number of those with cash flow issues decreased to its lowest total in six months. The Discover Small Business Watch rose more than five and a half points in May to 81.8, up from 76.1 in April.
“Cash flow is such a key indicator, that whenever business owners tell us cash issues have improved, we expect to see a rise in confidence,” said Ryan Scully, director of Discover’s business credit card. “Together with improved confidence in economic conditions for their own businesses, cash flow issues will be a good barometer of whether this rise in economic confidence is a trend, or just another blip in what has been a downward pattern for almost a full year.”
May Key Findings:
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