PNC Bank: Business owners' optimism strong


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  • | 4:30 p.m. September 8, 2023
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Gus Faucher, chief economist for PNC Bank.
Gus Faucher, chief economist for PNC Bank.
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PNC Bank says its most recent survey of business owners shows their optimism at a 21-year record high, even as hiring concerns linger.

PNC says 77% of surveyed small business owners and mid-sized business owners are optimistic about their business despite some economists' expectations for a national recession.

And almost half of respondents say there are not enough applicants for open positions, the Pennsylvania-based bank says in a recent news release. The survey included businesses in Southwest Florida, including two in Naples, a PNC spokesperson told the Business Observer.

 

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