VIEWS: 1 PAGES: 2 CATEGORY: Business & Economics POSTED ON: 6/3/2010
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.
E C O N O M Y 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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