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Business Outlook Is More Pessimistic

Saturday, August 1, 2020

From Cheryl Russell, Demo Memo

Every week since the end of April, the Census Bureau has been asking the nation's small businesses about the impact of the coronavirus pandemic on their operations and outlook for the future. The most recent results, collected during the last full week of June, are the most pessimistic yet.

As of June 21-27, the 54% majority of small businesses believed it would be more than six months before their business operations returned to normal, up from 38% who felt this way in Week 1 of the survey. The 54% figure includes the 10% of businesses that say their operations will never return to normal.

Percentage of small businesses saying it will be more than 6 months before their business operations return to normal...

38% in Week 1 (April 26-May 2)
39% in Week 2 (May 3-9)
42% in Week 3 (May 10-16)
52% in Week 4 (May 17-23)
51% in Week 5 (May 24-30)
51% in Week 6 (May 31-June 6)
47% in Week 7 (June 7-13)
50% in Week 8 (June 14-20)
54% in Week 9 (June 21-27)

Source: Census Bureau, Small Business Pulse Survey.

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