President Donald Trump’s approval rating among small businesses hit an all-time high in the first quarter of 2020, according to a survey by CNBC and SurveyMonkey.
The survey shows that 64% of small business owners approve of the way President Trump is handling his job as president, the highest rating since the quarterly CNBC/SurveyMonkey Small Business Survey started in 2017.
His performance was 60% in the fourth quarter of 2019 and 56% a year earlier.
The survey was conducted from Feb. 3 to Feb. 10, a pivotal period for the president when he gave his third State of the Union address, got impeachment acquittal from the Senate and won the Iowa caucuses.
Among more than 2,100 small business owners surveyed, a new high percentage (47%) said they “strongly approve” of how President Trump is handling his job.
“This is a high watermark for President Trump’s job approval, both among small business owners in our survey and among the general public,” said SurveyMonkey research scientist Laura Wronski.
“Part of this is just partisanship. One key way in which small business owners differ from everyone else is that they are more likely to be Republicans than Democrats by a pretty wide margin. That’s not true among the general population, which is split almost evenly and even slightly skewed to the Democratic side,” Wronski said.
According to SurveyMonkey, President Trump’s job-approval numbers are consistently higher among small business owners than they are in national polls, solely thanks to the fact that many more small business owners are Republicans than Democrats.
Up to 93% of Republicans approve of the job the president is doing for this quarter, equal to the fourth quarter of 2019.
Quarter over quarter, President Trump’s job approval increased the most—from 37% to 43%—among these small business owners.