Business Optimism on the Rise

The 2017 JP Morgan Chase Business Leaders Outlook Report reflects growing optimism among executives from small and mid-sized businesses.

Key takeaways from the report:

  • 80% of middle market executives are optimistic about the U.S. economy (up from 39% in 2016)
  • 62% of small business owners are optimistic about the U.S. economy (up from 43% a year ago)
  • 76% of middle market executives and 61% of small businesses expect the new administration to have a positive impact on their business
  • Reducing regulations and lowering taxes were cited as the top two areas executives felt need to be focused on to positively impact the U.S. economy and their business
  • 71% of middle market executives plan to increase employee compensation this year (up 10 percentage points from a year ago)
  • 57% ¬†of middle market executives plan to increase their workforce (up 8 points from last year)

Go to the Report

Sources: JP Morgan Chase & IndustryWeek.com

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