CFIB August 2009 SME Business Outlook Survey

(CSCB)

Small business confidence has taken a clear upward turn in August, according to the latest CFIB survey findings. After mediocre results in June and July, the Business Barometer® index climbed to 65.4, its highest level in two years. The improvement is broad based across industries and regions, suggesting that the economy is finally making its first tentative steps toward recovery.

Measured on a scale between 0 and 100, an index level above 50 means owners expecting their business’ performance to be stronger in the next year outnumber those expecting weaker performance. According to past results, index levels normally range between 65 and 75 when the economy is growing.

The full report is available on the CFIB website here (PDF).