Thursday, December 17, 2009

MerchantCircle in Forbes

MerchantCircle's Merchant Confidence Index (MCI) survey was recently mentioned in Forbes India on a larger story of business confidence around the globe. It seems the international small business community remains fairly optimistic during this recession.

55.70 points in October 2009, the highest it has reached since April 2008.

Whether or not the businessmen of USA have confidence in themselves, Indian Prime Minister Manmohan Singh has confidence in them. Ahead of his arrival on a state visit in November, Singh told CNN that "the U.S. economy has shown a remarkable capacity to bounce back.” He may not be far wrong, but it is not sunshine just yet. The results of a Merchant Confidence Index conducted by MerchantCircle, the nation’s largest social network of local business owners, shows that only 23% of merchants believe that the worst of the recession is behind us, yet only 5.7% expect their businesses to fail.

You can read the entire article here.

Community Relations


  1. Great Post!Nice collective Infor mation!

  2. Optimism is the best option during recession. When things are not in your hand, what only you can do is be positive and believe that things will change.