TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

PNC survey: Pa. business owners see reduced prospects

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Thomas Olson
Thursday, Oct. 4, 2012, 12:01 a.m.
 

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

Most-Read Business Headlines

  1. Calgon Carbon poised for explosive growth
  2. Amid struggles, top fiscal executive to leave EDMC
  3. Chevron puts $20M into educating, training Appalachian workers
  4. Natrona Bottling Co. keeps soda pop operation focused on craft, taste
  5. CMU spinoff’s CEO gets council honors
  6. Allegheny Technologies reports $700,000 loss in 3Q
  7. Open enrollment puts varied impact of health care law back in focus
  8. Market sell-off offers opening
  9. High pollution levels found near Ohio gas wells
  10. Russian steel to lose duty shelter
  11. Streaming won’t mean the end of cable
Subscribe today! Click here for our subscription offers.