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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 10 July 2012 [View all]xchrom
(108,903 posts)49. Survey: Small business optimism sinks in June
http://hosted.ap.org/dynamic/stories/U/US_SMALLBIZ_SMALL_BUSINESS_OPTIMISM?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-07-10-07-32-16
NEW YORK (AP) -- The economy and uncertain political climate are taking a toll on small business owners' optimism, making them hesitant to expand.
The National Federation of Independent Business said its index of small business owners' sentiment fell 3 points in June to 91.4 after edging lower in May.
The index, compiled from a survey of NFIB members, shows that business owners are concerned about the economy. The number of owners expecting business conditions to improve in six months fell 8 percentage points and the number expecting their sales to rise slid 5 percentage points. Nearly a quarter of those surveyed say their biggest problem is weak sales.
Owners said they are scaling back plans to hire and to buy equipment. That's a troubling sign for the U.S. labor market, which is struggling to gain traction.
NEW YORK (AP) -- The economy and uncertain political climate are taking a toll on small business owners' optimism, making them hesitant to expand.
The National Federation of Independent Business said its index of small business owners' sentiment fell 3 points in June to 91.4 after edging lower in May.
The index, compiled from a survey of NFIB members, shows that business owners are concerned about the economy. The number of owners expecting business conditions to improve in six months fell 8 percentage points and the number expecting their sales to rise slid 5 percentage points. Nearly a quarter of those surveyed say their biggest problem is weak sales.
Owners said they are scaling back plans to hire and to buy equipment. That's a troubling sign for the U.S. labor market, which is struggling to gain traction.
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