Small businesses

Amazon touts favorable survey of small firms before House antitrust hearing

Amazon building
Photo: Thomas Samson/AFP via Getty Images

According to an Amazon-commissioned survey out Thursday, small businesses see revenue growth from selling on the platform and don't rely on Amazon alone for their online sales.

Why it matters: The survey results offer a touch of counter-programming for Amazon as it girds itself for criticism of its market power at a House antitrust subcommittee hearing Friday. That session features a small business that has publicly complained about the online retail giant's tactics.

Small business optimism survey shows a record jump

Data: NFIB: Chart: Axios Visuals

Small business optimism posted the largest month-over-month gain since May 2018, rising to 104.7 in November.

The big picture: "Overall, this clearly is a positive report," Pantheon Macroeconomics chief economist Ian Shepherdson wrote in a note to clients.