Confidence survey yields mixed result

By Staff -- Home Textiles Today, 7/27/2005 12:35:00 PM

BENTONVILLE, Ark. -- Overall confidence in the economy slipped last month, according to the Small Business Confidence Index released today by Sam’s Club.

According to July figures from the Small Business Confidence Index, 45.9 percent of 1,200 small business owners and managers surveyed were confident/very confident about chances for a strong economy over the next six months. That confidence level fell 3.6 points from 49.5 percent in June.

However, this July drop in economic confidence was not reflected in how small business owners and managers feel about the U.S. employment environment. Of those surveyed, 57.5 percent felt that employment levels will remain the same over the next six months, up two-tenths of a point from last month.