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Small-Business Confidence Rebounds

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More small-business owners had a positive outlook on the economy in July, prompting many to boost capital spending, Discover reported Monday.

In a random survey of 1,000 owners nationwide, 41 percent said they felt economic conditions for their business were improving, up from 34 percent in June.

At the same time, 39 percent rated the economy as "excellent" or "good," up from 38 percent, and 38 percent said they planned to increase spending on business development, up from 35 percent.

"Small-business owners seem to be more cautious about the larger economy than they were in the spring, but confidence in their own operations has rebounded," Discover small-business credit card director Sastry Rachakonda said in a statement.

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