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Small And Business Optimism At Highest Levels Since 2019
DES MOINES, Iowa (BUSINESS WIRE) Principal Financial Group reported today that optimism among small and medium-sized businesses is the highest it s been since the COVID-19 pandemic began, with 57 percent of businesses optimistic about the overall economic outlook for the next 12 months, higher than before the pandemic began.
While many small and medium-sized businesses reported serious concerns over their long-term health in 2020, optimism is on the rise according to the most recent pulse of the Principal Financial Well-Being Index, which surveyed more than U.S. 500 employers. Only 39% of employers said they were positive about their business prospects in November of 2020. However, widespread vaccine distribution in the U.S. and signs of economic resurgence is changing sentiments. According to the survey, 45% of respondents expect to fully recover from the impacts of COVID-19 over the next six months and 65% estimate within a
Principal survey highlights greater COVID impact on businesses in rural communities Thursday, January 21, 2021 11:16 AM The prolonged economic impacts of COVID-19 have been wearing on small and medium-sized businesses, as owners report more uncertainty about when and how they may recover, according to a new report from Principal Financial Group.
Business owners responding to the Principal Financial Well-Being Index survey are more concerned and cautious about the economic outlook than respondents to the previous survey in September. The new report compares responses from businesses collected by Principal since last spring when the coronavirus pandemic began.
The 10-minute online survey, conducted Nov. 13-22, polled 500 business leaders from U.S. companies, in five size categories starting at two to 19 employees and ranging up to 1,000 to 10,000 employees.