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.
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