Therefore, it is very troubling to hear that small business owners are pessimistic about the future. This is from National Federation of Independent Businesses:
"The most significant factor impacting the decline in optimism is the expectation that future business conditions will be worse than current ones. The net percent of owners expecting better business conditions in six months fell 37 points to a net negative 35 percent.
Not seasonally adjusted, 9 percent expect an improvement in business conditions (down 5 points), and 49 percent expect deterioration (up 30 points). Twenty-three percent reported “poor sales” as their top business problem, up 1 point.
Overall, this is a poisonous climate for investment and expansion.
Twenty-three (23) percent of owners still cite weak sales as their top business problem; this is historically high but down from the record 34 percent reading last reached in March 2010.
The net percent of owners expecting higher real sales fell 8 points to a negative five percent of all owners (seasonally adjusted), 17 points below the 2012 high of net 12 percent reached in February.
Not seasonally adjusted, 19 percent expect improvement over the next three months (down 6 points) and 43 percent expect declines (up 9 points).
The percent of owners planning capital outlays in the next three to six months fell 3 points to 19 percent.
Six percent of owners characterized the current period as a good time to expand facilities (down 1).
This compares to 14 percent of owners who felt positive about expansion in September 2007."
A poisonous climate for investment and expansion?
Do they understand in the White House just how negative the small business climate is?
For more on the economy, please check out Friday's show:
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