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Small-business optimism fades

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By The Los Angeles Times
Wednesday, July 9, 2014, 12:01 a.m.
 

Small-business owners were less optimistic about the economy last month despite reporting their most ambitious job creation plans since 2007, according to a private survey released on Tuesday.

The optimism index from the National Federation of Independent Business fell 1.6 points in June to 95, the first drop in four months. Driving the decline was a steep fall-off in the outlook for general business conditions six months from now.

The net difference between the percentage of owners who expected conditions to get better and those who expected conditions to get worse was negative 10 percent in June. The figure was zero the previous month, meaning small-business owners were evenly split on the question.

Six of the survey's 10 categories showed declines from the previous month, including sales expectations as well as plans for capital spending and inventory expansion.

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