WASHINGTON - U.S. small businesses grew more optimistic last month on the prospects for economic growth and stronger sales, a survey from the National Federation of Independent Business showed.
NFIB said its monthly index of small business optimism rebounded 5.8 points in April to 86.8, breaking a four-month pattern of declines. Plans to make capital expenditures over the next few months rose 3 points to 19 percent in April, still a very low level, but headed upward for a change, the group said.
The outlook for general business conditions moved sharply higher, jumping by 24 points as a majority of survey respondents expected that conditions would improve over the next three to six months, the group said.
Expectations for gains in real sales also surged, gaining 20 points from March's record low level, NFIB said.
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Source: Reuters