Small Business is a Major Key to a Real Economic Recovery

July 26, 2010 at 5:13 am Leave a comment

According to a recent report in  Bloomberg BusinessWeek which cited a private survey, confidence among U.S. small businesses fell in June to the lowest level in three months as projections for profits, sales and economic conditions weakened.

The National Federation of Independent Business’s optimism index decreased to 89 from May’s 92.2 reading that was the highest since September 2008, the Washington-based group reported. Seven of the index’s 10 components dropped, led by a decline in the economic outlook six months from now.

Smaller firms need to increase hiring and business spending to ensure the economic recovery that began a year ago is sustained, the report notes. The report shows employment stalled last month while executives planned to trim investment and inventories as they waited for demand to strengthen.

Read the article here.


Entry filed under: Small Business, Small Business in the Economy. Tags: , , , .

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