Economic Confidence at Record High

By PNC Financial Services Group, Special for USDR

Optimism among business owners about the U.S. economy and the outlook for their own businesses has reached levels never-before seen in the 15-year history of the PNC Economic Outlook, a biannual telephone survey of small- and medium-sized business owners.

Eighty-eight percent of those surveyed are optimistic about the near-term outlook on the national economy, up from 71 percent in the fall and 56 percent last spring. Eighty-nine percent are optimistic about their local economy, up from 77 percent in the fall of 2016, the survey showed.

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