Survey: U.S. Business Profits, Hiring Increasing

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By Rich Mitchell -

More U.S. businesses are reporting profits and increased hiring, with greater confidence in their ability to grow over the next 12 months; but demand for financing is trending down, according to new results from the third quarter 2017 Private Capital Access (PCA) Index report from Dun & Bradstreet and Pepperdine Graziadio School of Business and Management. The Q3 PCA Index results show that businesses are showing signs of more confidence that they will grow this year compared to one year ago. In Q3 2017, 87 percent said they are extremely or somewhat confident their business will grow this year compared to 80 percent in Q3 2016. In addition, businesses also are increasingly optimistic that revenue growth will occur in the next 12 months, reporting a positive revenue expectation incline from 8.3 percent in Q3 2016 to 9.2 percent in Q3 2017. In Q3 2017, 63 percent of all businesses said they were profitable, up from 56 percent in Q3 2016, a 12 percent increase year over year. Seventy-five percent of small businesses (with revenues of $500K – $5 million) reported positive operating profits in Q3 2017, up from 65 percent in Q2 2017.  While more small businesses are reporting profits, they …

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