- Financial optimism is on the rise: 45 percent of small businesses across the country are reporting that they believe their financial position will be better in six months, a seven-point increase from Q4 2012 (38 percent) and a two-point increase from Q2 2012 (43 percent).
- Small business owners are financially better off than a year ago: 35 percent of small businesses say their firm’s financial position is better than a year ago, compared with 18 percent who report that their financial position is worse – a significant improvement over Q4 2012, when a two-year high of 27 percent said their finances were worse.
- Positive sentiment on local markets: 64 percent of small businesses are optimistic about the economies where they do business, but slightly less than half (48 percent) are optimistic about the state of the national economy.
- Even in light of optimism, lack of plans to hire persists: 67 percent of small businesses do not have plans to hire in the next six months, a 1 point decrease from Q4 2012 (68 percent), but seven points higher than Q2 2012 (60 percent).
Small Business Conditions Improving, Yet Concerns Remain, According To Capital One's Quarterly Spark Small Business Barometer
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