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.

Advertisements

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

Alabama Outshines Washington State at Farnborough Air Show The Whole Truth, and Nothing but the Truth…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Archives

Calendar

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 17 other followers


%d bloggers like this: