facebook
twitter
rss
account
search
search
 

Business group says uncertainty running high

Nov. 13, 2012 at 12:20 PM   |   Comments

WASHINGTON, Nov. 13 (UPI) -- Uncertainty among small business owners in a survey taken before the national election hit an all-time high in October, a U.S. trade group said.

The National Federation of Independent Business said the monthly Optimism Index rose 0.3 points in October to 93.1, a slight increase. But the monthly survey of the trade group's members found the percentage of owners "uncertain about whether business conditions will be better or worse in six months was at a record high of 23 percent," the group said.

The mark "eclipsed the pre-recession record of 15 percent," which was set during the Carter administration, which was in 1977-1981, the NFIB said.

The monthly survey included 2,029 responses.

The survey found 22 percent of business owners cited weak sales as a problem, making it the No. 1 problem among small business owners. The net percent of owners reporting higher sales in the past three months is negative 15 percent, the trade group's monthly report said.

Among the respondents, 11 percent reported adding an average of 2.7 workers per firm while 10 percent reduced workers by an average 2.9 workers per firm. The bulk of the respondents indicated no change in their payrolls, the NFIB said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
2
Eni makes major oil find in Ecuador Eni makes major oil find in Ecuador
3
EBRD: Sanctions hurting Russia EBRD: Sanctions hurting Russia
4
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
5
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
Trending News
Video
x
Feedback