Small Business Optimism Continued Post-Trump Election Surge in October

DC-area small businesses are hiring

DC-area small businesses are hiring

Dow Jones - Optimism among U.S. small-business owners inched up in October, according to a report Tuesday, as more owners said they expect better sales in the months ahead and believe it is a good time to expand their operations.

"Consumer sentiment surged based on optimism about jobs and incomes, an encouraging development as consumers account for 70 percent of GDP", said Dunkelberg. "In the nearer term, they are more optimistic about real sales growth and improved business conditions through the end of the year".

Ms Ford said the business mentors, who provide the advice to small and medium sized businesses (SMEs), believe as many as two-thirds of businesses need help, support and advice, and more than 90 percent need help to make the most of social media.

Four out of every five small business owners feel isolated, and almost a third said they lack knowledge and need extra support in business planning, a survey and report by not-for-profit group, Business Mentors, shows.

Voda, Idea to sell tower assets to ATC for Rs 7850 crore
Last month Airtel reported that its consolidated net profit for the quarter ending September had fallen 77 percent on-year.

Other top economic concerns for Washington area entrepreneurs and small business owners are consumer spending, strength of the US dollar, interest rates, the stock market and corporate tax rates.

For October, four components of the index advanced, while five retreated and one remained unchanged. That reading was down three points. Some 59% of owners said they tried to hire workers in October, with 88% reporting no or few qualified applicants. That's down a point from September.

The labour market continued to get tighter for small business owners last month, continuing a year-long trend, the report said. At a net negative 5 percent, more owners said current inventories were too high rather than too low.

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