[Chicks]

The American economy is booming, and so is business optimism

https://finance.yahoo.com/news/busin...100020451.html

What a difference an election makes!

Published on Monday, JPMorgan Chase’s 2021 Business Leaders Outlook survey revealed that 88% of business leaders surveyed by the bank are optimistic about their firm's prospects over the next six months, the most on record for the 11-year-old survey.

"After enduring the challenges of the last year and a half, businesses are feeling overwhelmingly positive about what's ahead,” said Jim Glassman, head economist at JPMorgan Chase commercial banking. The survey covered 1,375 business leaders from middle-market companies, or those with annual revenues between $20 million-$500 million.

The bank's survey also shows that three-quarters of respondents are optimistic about both the national and their local economies, up 40 percentage points from last year.

Meanwhile, last week the National Federation of Independent Business (NFIB) published its small business optimism index for the month of June, which topped Wall Street expectations and moved above 100 for the first time since November. The report also showed 15% of respondents felt the next three months are a good time to expand — the highest percentage since February 2020.