Tourism Industry News

Small-Business Owners Not Seeing Economic Improvement

05/10/2009 13:04

After three consecutive months of gains, the latest Discover Small Business Watch index fell to 87.7 in September, down 2.1 points from August, the company reported.

"Although slightly lower this month, small business confidence has been on a gradual climb since May, so this looks more like a pause than a reversal," said Ryan Scully, director of Discover's business credit card. "A lot of people are eager for a definitive signal that the economy is on the mend, but America's small-business owners aren't sending that message yet."

When asked whether they agree or disagree that the recession is over for their businesses, 69 percent of small-business owners disagreed, only 13 percent agreed and another 18 percent couldn't be sure.


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