New data shows Memphis’ optimism surging — and its economy strengthening

New data released this month indicates Memphians are becoming significantly more optimistic about the local economy and that they likely have good reason to be.

A May survey by the Federal Reserve Bank of St. Louis found that 62 percent of surveyed Memphis businesspeople expect the local economy to be "better" or "slightly better" in the coming year than it was in the past year — about 20 percent more than in November.

It was the first time since at least May 2014 that business leaders in the…

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