; Business Owners' Pessimism Reaches All-Time High
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Business Owners' Pessimism Reaches All-Time High

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Nearly one in three (29 percent) are pessimistic about their own company's prospects during the next six months, compared to 21 percent in the spring and 10 percent in last fall's findings of this semiannual survey, introduced in 2003 by The PNC Financial Services Group Inc.* Weaker Sales and Profits: Only 43 percent (compared to 53 percent in the spring and 63 percent last fall) expect an increase in their companies' sales over the next six months. Twenty-six percent expect profits will decrease in the near term, a record high for the survey.

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Business Owners’ Pessimism Reaches All-Time High
    nergy prices, recession and credit       on their company during the next six         • Growing Cost Pressures: Businesses
E   availability are among the biggest       months. The possibility of recession is        are getting squeezed between the
                                                                                            prices they pay and those they can
concerns for U.S. business owners, whose     second (71 percent) and the possibility of
pessimism is at an all-time high in the      inflation is third (65 percent).               charge. Nearly two-thirds expect an
history of the PNC Economic Outlook             The survey gauges the mood and              increase in suppliers’ prices during the
Survey.                                      sentiment among small business owners.         next six months. Nearly half plan to
   Nearly one in three (29 percent) are      Highlights of the newest findings include:     increase the prices they charge their
pessimistic about their own company’s        • Weaker Sales and Profits: Only 43            customers (up from 43 percent).
prospects during the next six mon
								
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