Small Business optimism weakens as they blame regulations and taxes

The NFIB small business optimism index weakened to 89.0 in June from 92.2 in May, although the percentage of firms planning to expand rose to 6% from 5%.

BOTTOM LINE

Following an improvement during the Spring to the highest level since the failure of Lehman, small business confidence pulled back at the end of the second quarter as expectations for an improvement in economic conditions and business sales deteriorated. Employment-related indicators were unchanged in June, while “poor sales,” “taxes” and “government requirements” were cited as the most important problem for small businesses.

Source RDQ

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