Oregon Insight: Small business optimism on the upswing

Here is The Oregonian’s weekly look at the numbers behind the state’s economy. View past installments here.

Oregon small business owners are more optimistic about the future than they have been at any point since the pandemic began.

Nearly three-quarters of Oregon businesses expect they’ll be back to “normal” operations in six months or sooner, according to the latest tally of a weekly survey by the U.S. Census Bureau. That’s twice as many as said that last August.

A fifth of businesses say they have already returned to normal operations.

The data from the Census Bureau’s Small Business Pulse Survey is another indication that Oregon’s economy is well on the road to recovery from the COVID-19 recession. Oregon businesses are now slightly more upbeat, according to the survey, than the national average. Oregon businesses owners had been a tad more pessimistic for most of the recession.

Pandemic shutdowns were especially rough on small…

Read more…