Thursday, July 25, 2019

Small Businesses Around the World are Feeling Optimistic About the Future

Covering small businesses in 110 countries, the Veem report, highlighting small business trends, found that companies spent the second quarter of 2019 building inventory and increasing both the number of orders and the dollar value of each order.
The average small business payments increased by 15% in the second quarter of 2019, according to the study, and the dollar value per order went to 6% in the second quarter. 
When it comes to trade, particularly with China:
However, small businesses continued to express concerns regarding trade negotiations with China, consistent with other studies reported on by Banking Exchange. More than three quarters of the small businesses polled showed concerns surrounding tariffs on Chinese products. However, this includes all 110 countries polled. It is not clear if American companies are particularly concerned. More than half of the small businesses said that that their businesses have already been impacted by tariffs. 
The findings in the report do show that the tariff talk, and the threat of a trade war are in fact effecting how businesses are looking to the future yet they are still optimistic about future growth and have a strong desire to expand.

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