PNC survey: Pa. business owners see reduced prospects
Pennsylvania business owners have grown more pessimistic about their business prospects since last spring, according to a survey by PNC Financial Services Group.
Taken every six months, the poll found only 40 percent of small- to medium-sized business owners expect sales to increase in the next six months, down from the 55 percent who thought so last spring. Only 31 percent of respondents currently thinks profits will rise in the next six months, compared with 37 percent earlier.
Just 13 percent said they foresee adding workers, down from 18 percent in the spring, but higher than 9 percent in fall 2011. Only 54 percent said they planned to make capital investments in the next six months, down from 64 percent last spring.
About 62 percent of respondents said they are optimistic about their local economies, unchanged from responses last spring.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Small retailers at intersection of social networks, foot traffic
- Woman on dating site looks too good to be true: How to vet that pic
- 153-year-old Venango well pumps out oil, history
- Test-tube tuna may be sea change
- In ‘StockCity,’ real investing like game
- Iron ore price decline hurts U.S. Steel’s cost advantage over rivals
- Business Council for Peace program works to export profits, peace
- Pennsylvania unemployment rate drops to six-year low
- Health care, gas drilling industries await Gov.-elect Wolf’s footprint
- Slow hunting, golf sales again drag down Dick’s profit
- Kia’s 1st electric vehicle charges fast, goes distance