Fed Small Business Credit Survey showed a strong end to 2018
Fed Small Business Credit Survey showed a strong end to 2018, according to the report (6,614 responses). That's another encouraging sign for the 2019 economy. "A majority of small businesses (57%) reported that their firms had experienced revenue growth and more than one-third added employees to their payrolls. The shares of firms with growing revenues and employment represent increases from the 2017 survey; however, the percentage of firms operating at a profit remained unchanged. Looking to 2019, a strong majority of firms expect revenue growth, but the net share of firms that anticipates adding payroll jobs in the next year dipped to 38% from 43% in the prior year's survey." The latter result is not too surprising given the strength in the job market last year, as well as the ongoing tight labor market conditions.