for the fourth quarter revealed that overall confidence climbed to 62 out of 100, marking an 11-point increase from just a few months earlier., a senior economic analyst at Bankrate, said the rise in confidence is understandable, given the ambitious growth plans of the incoming administration.
The survey indicated that political views significantly influenced business owners' economic outlook. Republican small business owners experienced a substantial increase in confidence, jumping from 43 points to 71. Independents saw a modest rise from 51 points to 57. In contrast, Democrat small business owners' expectations declined from 62 to 50.
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