Small business owners more pessimistic in July

AP News
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Posted: Aug 14, 2012 7:31 AM
Small business owners more pessimistic in July

NEW YORK (AP) — Small business owners' optimism is slipping again, as they expect sales to weaken in the coming months, according to a survey released Tuesday.

The National Federation of Independent Business says its index of small business optimism fell 0.2 points to 91.2 in July. The NFIB, which lobbies on behalf of small business owners on issues including taxes and health care, compiles the index from a survey of members.

The drop in the index was the second in a row. Since it registered 86.5 after the recession ended in mid-2009, it has moved as high as 94.5 in February, before starting to drop.

The survey found that the number of small business owners who expect their sales to fall in the next three months rose 3 percentage points to 28 percent.