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Record Number of Small Business Say Now Is a Good Time to Expand

Record Number of Small Business Say Now Is a Good Time to Expand

Small business optimism is booming.

Thirty-two percent of respondents say now is a good time to expand, exceeding the highest levels ever measured in the survey that began in 1973.

There were also gains in the measure of plans to make capital outlays and plans to increase inventories, indicating that small businesses plan on investing more.

Plans to raise compensation rose one point to a net 24 percent, the highest reading since 1989, according to the NFIB.

Reports of businesses already paying workers more also rose, to a net 31 percent, the highest reading in 45 years.

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