A rising number of small business owners expect slight increases in sales, profits and hiring over the next six months, but most do not plan to seek a new loan as the majority remain skeptical about the U.S. economy overall, according to the latest findings of the PNC Economic Outlook. The Spring 2010 findings in the survey, which began in 2003, provide insights on the continued recovery of the U.S. economy.
Outlook Brightening, But National Recovery Still In The Distance
One year ago, pessimism among business owners rose to an all-time high in the history of the PNC Economic Outlook survey. The new Spring findings reveal that owners are slightly more optimistic, but still waiting for more customers and higher demand for their services.
These findings support PNC's forecast that the U.S. economy?s ongoing "half speed" recovery will be sustained throughout 2010 and beyond. The PNC survey, which began in 2003, gauges the mood and sentiment among small and mid-sized business owners, who represent the bedrock of the American economy.
Use the Quick Links provided above to view or print PNC Economic Survey results based on major geographic areas, plus related links to PNC economic news and trends on pnc.com.
This survey was commissioned by The PNC Financial Services Group, Inc. (NYSE: PNC).