More than half of midsize businesses are operating at least at the same capacity as they were before the pandemic, with nearly one-third running at greater capacity.

The economy has taken small and midsize businesses on a rocky road over the past two years. However, a majority of businesses leaders believe that better days are ahead in coming year. Eighty-three percent of midsize and 71% of small businesses are optimistic about their own performance in 2022, up from 77% and 63% one year ago, according to JPMorgan Chase’s 2022 Business Leaders Outlook Survey.

“Businesses have been key accelerators of the continued economic recovery through their resolve and ingenuity in finding new ways to deliver products and services to their customers,” said Jim Glassman, head economist for JPMorgan Chase Commercial Banking. “They now have a stronger sense of how to remain competitive in the current economic landscape, which should allow them to build on last year’s momentum.”

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