Small Business Finance News
Business Owners Less Optimistic In December
Written by Jenna Weiner
Published: 12/28/2010
Discover Small Business Watch reveals a less positive outlook in the final month of the year
Small business owners were less confident in the month of December, according to one small business mood barometer.
The Discover Small Business Watch index score fell to 81.6 in the month of December, falling 5.6 points when compared to the month of November. Though it was down from last month, the score was 4.6 points higher than the same time last year. The survey also revealed that 25 percent of small business owners thought that the economy would improve this month, down from 33 percent a month prior. Just over half, 51 percent, said that they felt the economy was getting worse and 22 percent said they expected it to stay the same.
"Through the four years we've been studying them, small business owners have remained a bit fickle when it comes to their confidence in the economy," said Ryan Scully, director of Discover's business card. "Like the rest of us, they're seeing some positive signs, but they aren't ready to declare victory, especially not with 62 percent of them still rating the economy as poor."
Discover made other news for small business when surveying entrepreneurs regarding smartphones. According to the survey, 33 percent of respondents said that they used smartphones "very much."
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