Reuters: Small Business News: Small business confidence slips in June

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Small business confidence slips in June Jul 9th 2013, 11:33 Tweet Share this Email Print Related News Consumer spending, jobs data point to lukewarm growth Thu, Jun 27 2013 Housing, regional factory data show economy's stamina Thu, Jun 20 2013 Consumer and factory data signal steady economy Fri, Jun 14 2013 Analysis & Opinion From Aspen: America's opportunity gap – and why it's bad for lawyers What hope remains for consumers, employees after SCOTUS Amex ruling? A woman searches through shelves in a grocery store in Brooklyn, New York August 27, 2011. Credit: Reuters/Brendan McDermid By Paige Gance WASHINGTON | Tue Jul 9, 2013 7:33am EDT WASHINGTON (Reuters) - Small business optimism fell in June from its one-year high as an uncertain recovery continues to unfold. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index decreased 0.9 point to 93.5 last month, changing course from two straight months of growth. Six of the index's 10 components fell and two were unchanged. Only job creation plans and the six-month outlook advanced. This mirrors economists' predictions that the economy will pick up momentum in the second half of this year after a lackluster start. More owners are reporting negative sales trends than positive ones. "Nothing cheers up a small business owner more than a customer, and they remain scarce and cautious," the NFIB said. Last month, the share of owners planning to increase inventories fell 4 points, accounting for about 40 percent of the decline in the index. Job creation plans increased after slipping last month and the percentage of small business owners reporting they could not fill job openings remained the same. The NFIB reported earlier this month that small business employment ticked down by 0.09 workers per firm. An almost equal proportion of owners hired as opposed to cut jobs, but those firms reducing employment more than offset the gains at other businesses. (Reporting by Paige Gance; Editing by Andrea Ricci) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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