Small Businesses: Difference between revisions

Small Businesses (view source)

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 '''Key Insights'''
-* Even though small businesses have struggle the most, the majority still see their businesses in a good finantial position, but the optimism about the economy is very low still.
+* Even though small businesses have struggled the most, the majority still see their businesses in a good finantial position, but the optimism about the economy is very low still.
-* Employment mesuare by ADP, has only decline in the very small businessess (1-19 emplloyees), but still less than 1% y/y drop.Job growth is declining for most business sizes.
+* Employment mesuare by ADP, has only declined in the very small businessess (1-19 emplloyees), but still less than 1% y/y drop.Job growth is declining for most business sizes.
 * CFO survey reports than from Q1 to Q2 expected 2023 revenue fell from 7.2% to 2.3%, but expected employment growth increased from 2.2% to 6.1%
 * Inflation is still considered the biggest concern among small businesses. If inflation does not ease, small businesses could continue to struggle specially as pricing power is diminishing.