Small businesses feel confident and expect stronger holiday sales, according to a quarterly survey by Capital One.
The survey found that 71 percent of small businesses expect consistent or improved sales during the holiday season. Some 57 percent believe current business conditions are excellent or good, 10 percent more than a year ago.
The survey looked at 400 small businesses, those with less than $10 million in annual revenue. The margin of error was 4.9 percent.
Other highlights of the survey included:
• 43 percent of the firms surveyed had higher sales over the past six months, compared to 32 percent one year ago.
• 49 percent are optimistic about the national economy in the coming year, a drop of 3 percent.
• 62 percent feel positive about their local economies. The latter is up 5 percent.
• 63 percent of women-owned businesses feel that current economic conditions are excellent or good
• 56 percent of millennials believe that conditions will improve within the next six months and 45 percent say they are better than just one year ago.