July 12, 2011
Outlook Flat For Small Businesses
By Christina Davis
The outlook for small businesses waned slightly in June, according to the National Federation of Independent Businesses' (NFIB) monthly index.
The NFIB's Small-Business Optimism Index fell by one tenth of a point in June, landing at 90.8.
While some sub-indices grew, including the number of businesses that plan to increase employment, a key measure of the number of businesses that expect the economy to improve fell by 11 percent.
Fifteen percent of those surveyed - a 3-point increase over May - reported unfilled job openings. Only 3 percent cited financing as their number one business problem.
The NFIB's index is based on a survey of 766 randomly sampled members.
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