July 9, 2013 at 9:10 AM by AHN ? ?
Nathan Andrada ? Fourth Estate Cooperative Contributor
Washington, DC, United States (4E) ? Small-business owners? confidence slightly fell in June after reaching its highest level for the year in May, according to a report released Tuesday.
Last month, the National Federation of Independent Business (NFIB) Optimism Index fell 0.9 points to 93.5. Six of ten index components fell in June, as U.S. employers became more negative on sales, expansion and inventory growth.
The June reading is in line with the median forecast of economists in a Dow Jones Newswires survey. NFIB cited weak demand as the problem for business owners. The earnings trend subindex for June retreated by 1 percentage point to negative 23 percent.
The weak demand, however, did not stop more small businesses to mark up their prices. In June, the net percentage of owners that raised their selling prices increased 6 points to 8 percent. In a forward-looking June survey, a net 18 percent of owners are likely to increase their prices in the upcoming months, a gain of 3 points from May.
Last month?s survey also showed 11 percent of the employers added an average of 3.6 workers for every business firm over the past several months but 12 percent laid off an average of 4.3 workers. Overall, this resulted to a seasonally adjusted loss of 0.09 workers per business firm.
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