U.S. Small Businesses See Economic Growth Slowing
Small-business owners expect U.S. economic growth to slow from the first quarter of 2006 as they foresee weakening business conditions during the next six months, according to a private sector survey.The National Federation of Independent Business reported on Tuesday that its index for small business optimism shed 1.6 points, falling to 98.5 in May .
“It’s hard to beat the first-quarter performance, so a ’slowdown’ is definitely going to happen,” William Dunkelberg, NFIB’s chief economist, said in a statement. “The only question is how far and how fast.”
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