U.S. small business confidence rose 3.8 points during September, regaining its highest level since February, before the economy collapsed due to closures imposed by the CCP (Chinese Communist Party) Virus.
The National Federation of Independent Businesses (NFBI) determined that more businesses are experiencing an increase in foot traffic and retail sales, according to the results of the monthly survey released on Oct. 13.
“As parts of the country continue to open, small businesses are seeing some improvements in foot traffic and sales,” said NFIB chief economist Bill Dunkelberg.
Foot traffic is an important measure because it tends to lead to higher sales and increased revenues.
The survey looks at 10 main criteria, nine of which increased between 5 percent and 32 percent compared to the August scenario.
The NFIB highlights, “Owners planning to expand inventory holdings increased 5 points since August to a net 11 percent, the highest reading since November 2004,” noting that some factors have reached highs not seen in 16 years.
Contrary to what might be assumed after an economic crisis, when entrepreneurs are expected to seek more financing and that this is restricted by high demand, this is not a limitation.
Among U.S. small businesses, 55 percent of employers said they were not interested in a loan and 33 percent reported that all credit needs were met, a further indicator of stability and strength for the economic future.
The path to a rapid economic recovery is great news for Americans, with only three weeks to go before the decisive presidential election on Nov. 3.
Jobs and the economy are the top election issues according to the results of an America First Priorities poll released by the Daily Caller last month. Twenty percent of those polled gave priority to jobs and the economy, the areas with the best indicators during the administration of President Donald Trump.
Then followed issues such as stop racial injustice and maintain law and order as the most important for 4 percent and 3 percent of respondents, respectively.
Likewise, 23 percent of independent voters aligned themselves more closely with the Republicans than with the Democrats, giving more importance to jobs and the economy than to racial injustice, the issue promoted by Biden; only 2 percent gave priority to the latter.