Tuesday, January 12, 2010

Small Business Sentiment Drops Amid Weak Holidays

The sentiment of U.S. small business owners stalled in December, hurt by weak sales and worries about government policies, according to a survey releasd on Tuesday.

The National Federation of Independent Business said its small business optimism index fell for the second straight month, dropping 0.3 point to 88.0 in December.

"Small business owners are not in a hiring mood because customers are not in a spending mood, the group said. Owners continued to liquidate inventories and weak sales trends gave them little reason to order new stocks."

Source: Reuters

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