Small Business Optimism PLUNGES: Firms See Lower Spending And More Layoffs Ahead

Monday, August 2, 2010
By Paul Martin

General expectations hit new low

Joe Weisenthal
Aug. 2, 2010

The latest Wells Fargo/Gallup small business survey is out and it’s UGLY.

In keeping with other indications that the state of small business is very bad, the survey indicates a level of pessimism about future results that’s worse even that during the worst of the crisis.

What’s more, small firms seem lower spending, lower cash flows, and lower headcount in the future.

As you click through the service, think of the contrast with the upbeat earnings and outlooks you’ve seen from the S&P 500 this quarter.

The Rest…HERE

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