|
|
Article: Discover[R] Small Business WatchSM: Small Business Economic Outlook Remains Cautious.
- Article from:
- Investment Business Weekly
- Article date:
- November 15, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The economic confidence of American small business owners remains largely unchanged in October, rising less than 1 point from the previous month on the Discover[R] Small Business WatchSM index. The Watch rose from 87.7 in September to 88.5 in October, with only one key measurement - business investment - showing any significant change.
"Small business owners aren't showing any new optimism in the economy," said Ryan Scully, director of Discover's business credit card. "Half of them think it will take more than 12 months before most people feel the economy has stabilized, and two out of three are expecting to dig into their own pockets to stay afloat."
...