As the backbone of the U.S. economy, the success of small and mid-size businesses is an important economic indicator.
However, for small and mid-size business owners, optimism about sales, profits and the national economy has taken a dip in recent months.
While 50 percent of business owners were optimistic about the U.S. economy in spring 2018, only 40 percent said they were optimistic in fall 2018, according to the PNC Economic Outlook, a biannual telephone survey of small and medium-sized business owners, which began in 2003.
Still experts say that there’s nothing to worry about. Optimism is still near historic highs, according to the survey.