Survey: Miami small businesses more optimistic than nation as a whole

Miami small business owners reported record optimism in July, buoyed by strong expectations for financial profitability in the next three months, according to the Thumbtack.com Small Business Sentiment Survey, a monthly survey of independent local service businesses in the United States, including 355 responses in Miami.

Overall economic sentiment among Miami's local service businesses increased by about 4 percentage points to 68.3 percent, a better showing than in Florida or the nation as a whole. Profitability expectations for local service professionals rose 7 percentage points to 87.46 percent. Small businesses in Miami said their biggest concern was acquiring new customers and more small businesses expected to add staff, according to the survey.

Nationally, “although the economy as seen through the eyes of America's small businesses has improved over the last year, and some areas reported stronger economic sentiment, recent trends show that small businesses overall are not feeling optimistic about the future," said Thumbtack’s Chief Economist Jon Lieber. “Expectations about future economic conditions have been on a five-month decline, even though hiring expectations nationwide are holding steady, which is a continued good sign in the labor market.”

Results are available here: https://www.thumbtack.com/fl/miami/#/sentiment.

Nancy Dahlberg

This story was originally published August 5, 2015 at 11:43 AM with the headline "Survey: Miami small businesses more optimistic than nation as a whole."