Key Findings:
PNC's Spring 2015 Economic Outlook survey of small and mid-sized business owners nationwide shows an increasingly positive outlook for their company and the highest optimism about the U.S. economy since 2007. Eighty-three percent are optimistic about their company's prospects — with 57% expecting an increase in sales and 51%, also the most since 2007, anticipating profits to go up.
Highlights:
The survey, which gauges the mood and sentiment of small and mid-sized business owners, found that 70% are optimistic about the U.S. economy during the next six months – a significant lift from 58% six months ago. Lower energy prices are expected to have a positive impact on profitability and on sales.
Focus on Cash Flow and Efficiency:
Forty-three percent expect their cash flow to increase in the next six months. Over half (55%) say they manage cash closely and are aware of cash flow on a daily basis. Further, 72% verify that business decisions are made according to cash flow forecasts.
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