SME Times is powered by   
Search News
Just in:   • GST collections see 8.9 pc YoY growth at Rs 1.87 lakh crore in October  • India ties: Trump has track of engagements, Harris's record sparse littered with Kashmir statement  • Delhi's air quality plummets to 'very poor' category  • Mahindra Auto records highest ever SUV sales in Oct, overall auto growth up 20 pc  • Investors' wealth surges by Rs 128 lakh cr in Samvat 2080, Gold gives 32 pc return 
Last updated: 27 Sep, 2014  

USA.9.Thmb.jpg US SMEs' confidence drops in March

SME.9.jpg
   Top Stories
» GST collections see 8.9 pc YoY growth at Rs 1.87 lakh crore in October
» Mahindra Auto records highest ever SUV sales in Oct, overall auto growth up 20 pc
» Investors' wealth surges by Rs 128 lakh cr in Samvat 2080, Gold gives 32 pc return
» Apple sets all-time revenue record in India, to open 4 new retail stores: Tim Cook
» Online shopping up in S. Korea in Sept over strong food delivery demand
IANS | 11 Apr, 2012
US small business confidence in March fell slightly after rising for six straight months, a leading industry association said Tuesday.

The National Federation of Independent Business (NFIB) said its Small-Business Optimism Index decreased to 92.5 in March from a one-year high of 94.3 in February. Most notably, nine of 10 index components dropped last month.

The index gauging earning trends decreased four points to a net minus 23 percent, and the share of owners projecting higher sales, adjusted for inflation, dropped four points to a net 8 percent, Xinhua reported.

It also implied most of small business owners had no plan to create jobs and enhance inventory.

While still historically low, the latest increase is a sign that the recovery is likely to continue, noted the association, adding that gas prices spike would weigh heavy on small firms.

"The mood of owners is subdued, they just can't seem to shake off the uncertainties out there," said NFIB chief economist Bill Dunkelberg.

The March survey results ended what appeared to be steady, albeit slow, trend of improvement for the small-business sector of the economy, noted the association.

The small business industry, accounting for 99 percent of the overall companies, is the major drive of the US economy and holds half of American labour force. 
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter