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Positive mood of US small businesses is at the highest level since 1987

US small businesses

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Small businesses in the United States have been most optimistic about over three decades, as the announced tax cuts and economic growth in the country are boosting expectations for better profits, according to a study by the National Federation of Independent Business. Nearly all 10 components of the index, including inventory plans and sales expectations, are increasing or staying stable at February, marking the second highest level since the beginning of the survey in 1973.
On the background of of tax cuts and deregulations triggered by the administration of the US President Donald Trump, the trend for better profits is at the highest level since 1987.
The biggest problem for companies, however, is finding qualified workers, with 34% of respondents saying they have jobs that they can not fill. The highest percentage is in the construction and manufacturing industry. About 15% say they use temporary contract staff, which is the highest level since November 2016.
At the same time, 66% of companies are making spending capital, which the highest level since 2004.
A total of 8% of business owners reported higher sales in the last three months.