Its always great to hear when small businesses are booming. Check out this article we found on MSNBC regarding growth this year far small businesses.
U.S. small business confidence rose to a one year high in February as more owners reported plans to rebuild stocks after 56 months of inventory liquidation, hinting at a pick-up in domestic demand.
The National Federation of Independent Business said on Tuesday its optimism index increased to 94.3 last month - the highest reading since February 2011 - from 93.9 in January. It was the sixth consecutive month of gains.
Last month, 14 percent of the NFIB's 350,000 members reported an increase in inventories, up three points from January. The share of businesses still reducing stocks fell four points to 20 percent in February.
The figures are not adjusted for seasonal variations.
"This is good news for economic growth, as many firms will be ordering new inventory to satisfy customers who are gradually increasing in numbers," the NFIB said in a statement.
The NFIB survey adds to a list of data, including employment, to suggest the economy is now firmly in a self-sustaining growth phase.
Government data on Friday showed job growth exceeded 200,000 in February for a third straight month, with the unemployment rate holding steady at a three year low of 8.3 percent.
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