US Small Business Owners Much More Positive

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00006647-us-small-business-owners-much-more-positi/

U.S. small- and mid-sized business owners have grown markedly more optimistic in their outlooks for sales and profits, and soon expect to increase hiring and prices, a new survey showed on Thursday.

Seventy percent of respondents said they expect to increase sales in the current half-year, up from 53 percent of those polled six months earlier, according to the survey released Thursday by PNC Financial Services Group Inc., a Pittsburgh-based bank.

Fifty-nine percent expect to increase profits, up from 52 percent last fall, and 50 percent expect to be able to pass on higher costs to customers, up from 34 percent. One-third expect to add jobs, up from 25 percent, and 62 percent expect to increase salaries.

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US Small Business Owners Much More Positive

Unknown Author

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